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International

Swiss Re and Aon develop parametric cover for energy project

March 06, 2023 Reprints

Swiss Re Corporate Solutions Ltd. has collaborated with Aon PLC and the International Finance Corp. to develop a parametric earthquake coverage for the Upper Trishuli-1 Hydropower Project in Nepal, Artemis reported. The coverage allows the flexibility of adjusting the insured values year-on-year to reflect any delays of changes in the construction process. The 2015 earthquake hindered the 216 megawatts greenfield run-of-river hydropower project's progress and made traditional insurers reluctant to provide cover in the location of the dam.

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Swiss Re and Aon develop parametric cover for energy project

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