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Private sector insurance is increasingly being used as a tool to help facilitate investment into Africa’s power sector. Insurance can help to mitigate risks in both captive or grid power projects.

Lessons learnt from recent claims experiences as well as opportunities, such as credit enhancement mechanisms, can be used as a good parameter by which to compare investment risks with insurance costs.

Did you know that when seeking insurance on renewable energy risks there are specific factors to consider?

Listen to a recording of the discussion hosted by ESI Africa and Mining Review Africa which unpacked how insurance can be used as a tool to mitigate risk in African power projects.

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Key discussion points included:

  • Current insurance issues/experiences at power projects in Africa
  • Recent changes to insurance coverage
  • Lessons learnt from recent insurance claims at power projects in Africa
  • The appetite for political risk insurance (PRI) and credit and political risk insurance (CPRI) in the short to medium term
  • Opportunities for captive power and risk allocation considerations
  • Insurance in the context of M&A transactions, including warranty and indemnity insurance, tax liability insurance and other contingent risks.

Panellist:                            

Robert Futter, Director | Cresco Project Finance

Roddy Barnett, Head of Political Risk and Trade Credit Underwriting| Beazley Group

Neo Combarro, Partner | Lockton Companies LLP

Oliver Wright, Director | BPL Global