ABOUT US

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Cirrus Advisers is a developer-focused risk and insurance consulting platform, formed to provide risk and insurance advice for energy projects in early-stage development.

Decisions that impact insurability are made at the beginning of a project’s lifecycle, but discussions around insurance program structure and cost are often missed at this stage.

Risk-transfer costs in the insurance market have become a more significant financial burden to the long-term profitability of renewable energy projects, creating a greater need to understand insurability in the development stage.

Smart developers know that in today’s market, incorporating insurance considerations at the front end yields substantial benefits over the life of the project.

An upfront investment in due diligence and risk management relating to site selection, natural catastrophe exposure, project technology choice and insurance pricing can streamline project development, lower overall costs, mitigate risk exposure and increase profitability.

SERVICES

Risk and Insurability Report

The Cirrus Advisers Risk and Insurability Report is unlike anything else in the market, providing analysis of all essential insurance-related issues facing a project from the earliest phases of development, thereby ensuring potential insurability concerns can be mitigated and/or priced properly from the outset of project planning.

Key benefits include:

- - Critical insight into natural catastrophe siting and loss control measures specific to the proposed project in its intended location.
  - Exclusive access to one-of-a-kind natural catastrophe model developed specifically to address hail risk to solar projects.
  - Depth and scope of review related to insurance issues that are not provided by other types of project development advisers.
  - Option to update the report to reflect project status in preparation for due diligence documentation submission to lenders.
  - Information needed to avoid delays in the financing process and mitigate lender demands for conservative and expensive insurance program structures.

Other Services:

- - General Risk Consulting
  - Lender and M&A Diligence
  - Data/Analytics

insights

VIEWS FROM THE FRONT LINES: KEY INSIGHTS FROM SECOND ANNUAL RENEWABLE ENERGY UNDERWRITER SURVEY

Cirrus’s mission is to connect the players involved in the renewable energy insurance and risk management value chain. Properly incorporating underwriting insights in early-stage project development is essential to ensure resilient, profitable projects are developed. Cirrus seeks to amplify how insurers view projects relative to current trends in siting, claims and technology innovations and move that information “up in time” to help guide development decisions.

For our Second Annual Key Renewable Energy Underwriter Insights whitepaper, Cirrus again asked underwriters to advise, update, and rank their feedback on how elements of design, construction, operations, and loss history impact their underwriting decisions, specifically focusing on solar, wind, and battery energy storage operations (BESS).

This year, we received responses from 15 underwriters across 10 insurers – an increase of 150% over our prior report. Included here are some key takeaways from this updated survey.

Click here to learn about Cirrus news and company updates.