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May 24, 2022

MS Amlin, Altelium form alliance to offer battery energy storage insurance

Lloyd’s (re)insurer MS Amlin Underwriting has formed a partnership with Altelium to launch insurance cover for clients operating in battery energy storage system (BESS) space.

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Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
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  • Top funded startups and Mergers & Acquisitions
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by GlobalData
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The BESS construction all risk and operational all risk insurance solution is aimed to meet BESS customers’ insurance needs and fuel growth in the clean energy market.

Specialist insurtech Altelium offers insurance cover for batteries supported by AI-powered data analytics.

MS Amlin noted that there is rapid growth in the battery energy storage market, with increasing need for an insurance offering that can meet the requirements of the clients operating in this space.

The tie-up will offer insurance cover to companies that are engaged in building and operating energy storage facilities of all sizes.

MS Almin head of natural resources Julian Samuel said: “We have partnered with Altelium, a specialist in this sector, because of their deep technical knowledge and expertise within the battery market. I am delighted that through this partnership, we are playing a part in the effort to combat climate change.”

Altelium co-founder Ed Grimston said: “We are delighted to have MS Amlin Underwriting Limited partner with us to provide BESS operational all risk and construction all risk solutions, part of our wider portfolio of products and services across the battery value chain, which includes warranties on BESS and electric vehicles.”

In August 2021, MS Amlin made a minority investment in environmental, social & governance (ESG) focused managing general agency (MGA) InQlusiv.

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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