Allianz UK has expanded its renewable energy cover and introduced simplified operational policy wording for customers using multiple technologies at the same site. The change allows brokers to consolidate eligible assets under one operational policy rather than arrange separate policies for each technology.

Key Takeaways

  • Renewable Energy Select can bring multiple technologies and grid-stabilisation assets at one site under a single operational policy.
  • The proposition includes battery storage and Slow Reserve, alongside wind, solar, hydro, biomass and anaerobic digestion.
  • Brokers can also access insurance and engineering support for construction and operational stages.

What the renewable energy cover includes

The updated proposition applies to onshore wind, ground-mounted solar, hydro, biomass and anaerobic digestion. It also encompasses battery energy storage systems and Slow Reserve, which is replacing the legacy STOR service.

The consolidation applies to assets at one site and to operational cover. It removes the need for a separate operational policy for each technology at that site.

Engineering and construction support

Allianz UK combines underwriting with risk prevention, technical advice and engineering inspection. Brokers can obtain support for both construction and operations, including Construction All Risks insurance.

The insurer said more than 750 UK engineer surveyors work with renewable energy risk specialists to identify exposures and help prevent losses.

Why multiple technologies create different risks

Karen Boothroyd, Allianz UK’s head of construction, engineering and energy for UK markets, said technologies carry different risks during construction and operation, including business disruption. She also noted that connections between equipment, supply chains and grid infrastructure can cause problems in one area to have wider consequences.

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