Bold covers for
brave thinkers

NIORD supplies innovative offshore renewables insurance covers created specifically for the segment.

If you’re after insurance for fixed or floating wind, wave, tidal or solar installations - whether in development, under construction or fully operational - you can count on NIORD to ‘take the risk’.

When taken with a service concept that sets the standard, it’s no wonder that NIORD is out in front.

Insured business segments

In the global transition to low carbon and renewable energy, bottom-fixed offshore wind farms have taken a central role.
The team has been insuring wind farms since 2017. We provide insurances for both the construction as well as the operation of the farm.
NIORD’s maritime heritage provides an advantage when it comes to risk assessment of floating offshore wind farms. We are well-experienced with marine operations such as towages.
Our team has a strong understanding of offshore project execution. Strong support from Norwegian Hull Club also provides us with extensive experience in claims handling within dynamic marine environments.
Often, grid connections for offshore renewables are insured separately. NIORD provides coverage for all those elements, making the offshore renewables industry practically possible. Export cables, as well as on- & offshore substations, are covered by NIORD, either as part of a project or on a stand-alone basis.
Including wave / tidal / floating solar installations. NIORD is out in front when it comes to leading insurances of maritime clean energy generation devices.
With a unique ability to meld insurance of complex maritime construction operations with challenging energy generation operational insurances, NIORD is the go-to insurer for projects within this quickly emerging segment of the offshore renewables industry.
As with clean energy generation devices, NIORD does not shy away from providing insurances for emerging technologies such as prototypes, demonstrators, pilot projects, meteorological masts, offshore green hydrogen, offshore BESS, etc. – under the correct insurance conditions.
We want to be enablers of the future offshore renewables industries. NIORD believes this will not only provide an important contribution into the energy transition but may also prove a lucrative investment in competence as well as relationships.
At NIORD, we believe that insurers have a responsibility to facilitate the development and realization of new offshore renewable technologies. We will be with you every step of the way, especially in the beginning when you need us the most.
Vessel owners/transportation and installation contractors - NIORD’s marine insurance background makes us well-situated to provide important insurance solutions for the offshore renewables industry’s construction contractors. While some insurers exclusively service only one side of the contract, NIORD believes in working together for greater co-operation, which includes provision of important insurances for all aspects of the global offshore renewables supply chain.