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 FIRST ANNUAL UNDERWRITER SURVEY

Cirrus exists to bridge the gaps between renewable energy industry participants involved in the insurance and risk management value chain. Our premise is that proper incorporation of insurability considerations in the planning and development stages is essential in building resilient, profitable projects.

As part of our mission, in Q4 2022, the Cirrus team conducted its first annual Renewable Energy Underwriter Survey with the aim of bringing insurer feedback “up in time” so that it can be considered and incorporated earlier in the project lifecycle.

Click here to learn about Cirrus news and company updates.

our team

SARA KANE

Sara Kane is an Executive Vice President and Co-Leader of the Power & Renewables team at CAC Specialty, with oversight over Cirrus Advisers consulting and product development.

LAUREN CARROLL-ALLAN

Lauren Carroll-Allan is Vice President at Cirrus Advisers with 15 years of experience in risk management and insurance, focusing on independent consulting projects, data analytics, and product development.