MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s re/insurer, announced a partnership with insurtech Altelium to offer a construction all-risk and operational all-risk insurance solution for battery energy storage systems (BESS), as part of its commitment to supporting sustainability.
Altelium is a specialist insurtech business that provides insurance for batteries, underpinned by real-time AI-powered data analytics.
The new arrangement is designed to help solve BESS customers’ insurance needs and accelerate the growth of renewable energy and battery storage systems.
As the battery energy storage market continues to grow rapidly, the planning and development time between concept, construction and operation is reducing, MS Amlin said. As a result, companies involved in battery storage are challenged to secure insurance which can be both customized to their needs and…
MS Amlin Partners With Insurtech Altelium to Offer Cover for Battery Energy Storage
