DUAL’s Climate Risk & Resilience team has introduced two insurance products to support asset owners and investors in meeting environmental regulations and performance standards in the real estate industry. 

The first product, DUAL Energy Efficiency Retrofit (EER) insurance, is tailored for building retrofits, providing certainty around energy performance.  

It covers energy reduction, asset performance and compensates for any lost energy revenue.  

The EER insurance is targeted at a spectrum of real estate stakeholders including those in social housing, the public sector, and commercial and industrial investment. 

Complementing this, DUAL’s Environmental Investment Protection (EIP) insurance mitigates risks associated with environmental and biodiversity factors in property transactions.  

It aims to preserve property values by offering protection against contamination risks and future legislative changes. 

These launch of these products comes prior to the UK Real Estate Infrastructure and Investment Forum (UKREiiF), set to take place in Leeds from 20–22 May. 

DUAL UK CEO Simon McGinn said: “Climate events continue to focus minds on the role insurance can play in building resilience. The development of two new products under the DUAL umbrella is a fantastic example of how MGAs [managing general agents] can provide insurance for emerging and niche risks. Our highly experienced underwriters are acutely attuned to the needs of the market, and I am excited to see DUAL pushing boundaries in our range of products and building out our portfolio even further.  

“I am delighted that our ability to write specialty business with these innovative products will inject new opportunities and help unlock growth for our clients in the real estate industry.” 

Last month, DUAL Europe set up a new marine hub in Hamburg, Germany, its third such hub in less than two years.