Zurich: a new insurance solution for the hydrogen industry

(CercleFinance.com) - Switzerland's Zurich and broker Aon announced on Monday the launch of a new insurance scheme dedicated to the fast-growing hydrogen sector.


After conducting two years of research, the two partners explain that they came to the conclusion that developers of projects in the fields of green hydrogen (derived from renewable energies) and blue hydrogen (produced from fossil sources) were all experiencing difficulties in finding suitable insurance offerings.

In a press release, Zurich and Aon specify that their multi-risk insurance offer covers construction activities, commissioning delays and service interruptions, as well as corollary activities such as CO2 capture, storage and recovery.

The two groups point out that the scheme, which covers projects not exceeding $250 million, is already oversubscribed, which they believe testifies to the market's appetite.

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