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Best Emissions Reduction Insurance Firms in USA

Non-sponsored, Expert Verified and Transparently Ranked Emissions Reduction Insurance Firms in USA

Published: December 28, 2025 | Verified by: Ted Scheiman & Rob Watts

Executive Summary

We analyzed 5 solutions. Top Recommendation: Carbon Insurance by CFC scored highest due to [US corporates and investors entering forward offtakes for nature-based or tech-based carbon credits who need full-value non‑delivery protection to unlock financing and internal approvals.].

Content Verification

15
Total Sources
December 28, 2025
Last Verified
100%
Evidence Coverage

Side-by-Side Comparison

Feature#1 Carbon Insurance (CFC)#2 Carbon Insurance Solutions for Developers (Oka, The Carbon Insurance Company)#3 Reinsurance (Howden)#4 Risk Consulting, Brokerage, and Claims Advocacy Services (Marsh)#5 Solutions for Industrial Clients (HSB (a Munich Re company))
Best For[US corporates and investors entering forward offtakes for nature-based or tech-based carbon credits who need full-value non‑delivery protection to unlock financing and internal approvals.][Enterprises and financiers purchasing or financing voluntary carbon credits who want contractual certainty and protection against reversal or invalidation risks to support decarbonization and procurement programs in the US.][US buyers, developers, and financiers seeking additional integrity assurance and legal recourse on voluntary carbon credits to improve bankability and pricing of project transactions.][US project developers, lenders, and corporate buyers needing advisory plus placement of non‑delivery/invalidation coverage to support project finance and long‑term offtake agreements.][US building owners, ESCOs, OEMs, and lenders financing energy efficiency or decarbonization retrofits who require insured performance guarantees to de‑risk savings and enable project funding.]
Underwriting ExpertiseTech-enabled, data-driven underwriting that rates the carbon project, not the policyholder, for rapid indications. (cfc.com) For CORSIA, analysis evaluates the project, its Letter of Authorisation, and host-country readiness. (cfc.com) CFC applies rigorous due diligence and leading third‑party data (e.g., Sylvera) to underwrite only high‑quality projects. (cfc.com)Lloyd’s-backed Oka Syndicate 1922 (managed by Asta) began underwriting Jan 1, 2024, led by Active Underwriter Dr. Sima Adhya. Oka employs advanced data modeling and actuarial methods via a proprietary underwriting platform integrating Sylvera and BeZero ratings; capacity extended through a lineslip with Apollo and Hiscox. (prnewswire.com) (carboninsurance.co) (prnewswire.com)Applies M&A W&I underwriting expertise to carbon credits; first-of-its-kind policy underwritten by a leading MGA. Howden Re’s specialists understand reinsurers’ approaches and decision-making, supported by strong analytics, 450 experts, and 30 offices globally. (howdengroup.com) (howdengroup.com)Marsh leverages deep relationships with underwriting decision‑makers; improves submission quality via Market Readiness Assessments for today’s data‑driven underwriting; and risk engineering equips underwriters with the data to set limits/pricing. It also manages and underwrites select multi‑line programs via its wholesale underwriting group. (marsh.com)Munich Re F&C underwrites industry risks with 550+ experts across 20 countries, delivering single‑risk expertise and bespoke solutions across lines. Dedicated cyber and New Risk Solutions underwriters cover emerging exposures, while HSB’s underwriters and risk engineers, recognized experts in building services/equipment breakdown, provide technical assessments for industrial and energy‑efficiency projects. (munichre.com)
Insurance Coverage DepthAll-risks carbon coverage: 100% protection for non‑delivery of forward credits from any cause (incl. physical/political); cancellation/invalidations of issued/retired credits, incl. Article 6/CORSIA eligibility loss, with adverse‑media/crisis support; lender non‑payment on an all‑risks basis incl. project performance failure; CORSIA Guarantee covering LOA revocation and corresponding‑adjustment failure; developer‑set policy limits. (cfc.com)Post‑issuance protection for invalidation (overcrediting, non‑additionality, adverse impacts, exclusive claim, fraud) and reversals from natural catastrophes and human‑induced events. (carboninsurance.co) Coverage also includes Article 6/CORSIA Corresponding Adjustment failures (LoA revocation, failed reporting, label removal). (carboninsurance.co) Pays stated value per insured credit (adjustable); CAP has a two‑year term from issuance/first transfer; Lloyd’s‑backed. (carboninsurance.co)Carbon Credits W&I policy insures representations/warranties in carbon credit sale agreements, assuring provenance and project methodology. (insurancebusinessmag.com) It indemnifies proven losses from project‑level fraud, including double counting. (reuters.com) First placement: 300, 000 credits (Mere Plantations), underwritten by an MGA. (howdengroup.com) Howden also offers buyer‑side cover for third‑party negligence and fraud. (reuters.com)Coverage spans delivery/non-delivery, reversal/invalidity, political risk (CEND), credit/surety, property damage, and parametric CAT/weather; facility covers counterfeit/nonexistent certificates and theft; Marsh placed non‑delivery insurance with London market capacity (e.g., CFC) for US carbon removal offtake financing; also offers CCS transport/storage coverage with non‑damage leakage and business interruption triggers. (marsh.com)Monoline Energy Efficiency Insurance or CLIP covering the difference between expected and actual energy/decarbonization savings due to design, implementation, or performance defects; multiyear terms; available for single projects or portfolios; eligible across HVAC, controls, lighting, envelope, IoT/RTEM and decarbonization tech; tailored for OEMs, ESCOs, SPVs, owners, lenders; requires RTEM/cloud monitoring. (munichre.com)
Integration with MarketplacesPartnership with IncubEx to deliver API-based distribution of CFC carbon insurance within trading venues such as The Voluntary Climate Marketplace (TVCM). (prnewswire.com)- Embedded insurance distributed via marketplaces: - Cloverly: pre-wrapped insured credits to 300+ enterprises. (prnewswire.com) - BACX: pre-insured exchange-traded credits with embedded invalidation cover. (carboninsurance.co) - Clima (Australia): pre-wrapped insured credits for corporate buyers. (prnewswire.com)Appointed by Verra and Gold Standard to assess/approve insurance for CORSIA‑eligible credits; approved policies are listed by Verra, creating an insurance pathway that enables insured credits to obtain CORSIA labels and enter market infrastructure recognized by major registries. (verra.org)Marsh integrates with marketplaces via Verisk’s Whitespace digital trading platform to offer, negotiate, place, and bind London‑market risks (aiming for >90% of segment premium through Whitespace). It also integrates on the Samsara Marketplace to ingest client telematics for risk and claims analytics. (marsh.com)N/A
5 Companies Listed
Last Updated: December 28, 2025
cfc.com

CFCCompany Information

CFC is a specialist insurance provider that offers a range of commercial insurance products, including cyber insurance, professional liability, management liability, and more. They aim to provide their customers with everything they need in one easy-to-understand policy.

Industry: Insurance
Type: private
Employees: 1K-5K
Founded: 1999
Location: London, ENG
Revenue: 50m 100m
Phone: +44 (0) 207 220 8500
API: Yes

API Resources

Keywords

insurance
cyber insurance
professional liability
management liability
specialist insurance
cyber risk
emerging risk
underwriting
data science
technology

Description

CFC’s specialist insurance products are trusted by over 200,000 businesses around the world. They provide market-leading cyber insurance and a range of specialist insurance products designed for emerging and technology-based risks.

What They Do

CFC provides specialist insurance products, including cyber insurance and coverage for emerging risks.

Who They Serve

They serve over 200,000 businesses globally across various industries.

Key Value Propositions

Market-leading cyber insurance
Proactive cyber security protection
Advanced automation for quoting

Target Customers

Businesses in various industries
SMEs
Corporates

Industries Served

Financial institutions
Fintech
Healthcare
Digital healthcare
Life science
Manufacturing
Marine
Media and entertainment
Professional services
Technology

Contact Information

Summary

Coverage that wraps forward purchases of voluntary carbon credits to protect against non‑delivery from physical and political risks. CFC underwrites the carbon project itself, simplifying buying for corporate credit purchasers.

Key Features

  • Covers non-delivery of carbon credits from any cause
  • Covers cancellation or invalidation of purchased carbon credits
  • Covers non-repayment of loans to carbon project developers (all-risks basis)
  • CORSIA guarantee: protection against Letter of Authorisation revocation and corresponding adjustment failure
  • Underwriting focuses on the carbon project, not the policyholder
  • 60 second web-form application for CORSIA guarantee
  • Project developer can set policy limits to reflect dynamic CORSIA market pricing

Key Benefits

  • Contract certainty for forward purchases and issued credits
  • Financial protection against delivery shortfalls, credit invalidation, or reversal
  • Additional quality assurance with an insurance backstop
  • Adverse media and crisis management support in case of project invalidation
  • De-risking lenders' capital to unlock debt opportunities
  • Compliance with Basel regulations for capital relief (for lenders)
  • Financial certainty for loans backed by future carbon credits
  • Registry-approved protection for CORSIA-related risks
  • Facilitates growth and sustainability in the voluntary carbon market

Who Is It For

  • Companies purchasing nature-based carbon credits on a forward basis
  • Companies who own or have retired carbon credits
  • Banks and investors providing debt investment to carbon project developers
  • Project developers seeking protection against regulatory risks (e.g., CORSIA requirements)
  • Investors seeking exposure to carbon as an asset class
  • Companies buying allowances to offset residual emissions

Use Cases

  • Mitigating risk of non-delivery of carbon credits in forward contracts
  • Protecting against invalidation or cancellation of carbon credits
  • Securing loans to carbon project developers against non-payment
  • Ensuring compliance and financial protection for CORSIA-eligible projects

Carbon insurance

As businesses become more involved in the carbon market, insurance should be an integral part of their planning process. By safeguarding the risks associated with the carbon market, insurers can play a vital role in facilitating the growth of sustainable projects.

Carbon product suite

CFC offers a suite of carbon insurance products: Carbon delivery, Carbon cancellation, Carbon lender non-payment, and CORSIA guarantee.

  • Carbon delivery: For companies purchasing nature-based carbon credits on a forward basis.
  • Carbon cancellation: For companies who own or have retired carbon credits.
  • Carbon lender non-payment: For banks/investors providing debt to developers.
  • CORSIA guarantee: For project developers needing registry-approved protection.

The carbon market

There are two parts of carbon market, the compliance carbon market (CCM) and the voluntary carbon market (VCM). The CCM is a ‘cap and trade’ system, subject to robust regulation. The VCM is unregulated and guided by non-governmental standards.

Carbon credits

Carbon credits (or carbon offsets) are produced by any activity that lowers or removes emissions. 1 carbon credit = 1 tonne of carbon dioxide equivalent reduced, avoided, or removed.

Carbon projects

Key types: Biochar, Blue carbon, Carbon capture storage, Direct air capture, Forestry.

  • Biochar: Charcoal from biomass heating used to store carbon in land
  • Blue carbon: Projects in ocean or coastal environments
  • Carbon capture storage: CO2 captured from industrial processes
  • Direct air capture: Atmospheric carbon filtered and stored underground
  • Forestry: Forests grown, restored, or maintained

Benefits

Carbon insurance helps reduce difficult emissions, generates revenue for developing economies, drives new technologies, and contributes to sustainable goals.

  • Help reduce more-difficult emissions
  • Generate additional revenue streams for developing economies
  • Discover new technologies for carbon removal
  • Contribute to wider sustainable goals

FAQs

Answers to common questions about carbon insurance, the carbon market, and carbon credits.

Resources

Supporting Resources

Detailed Comparison

Underwriting Expertise

Tech-enabled, data-driven underwriting that rates the carbon project, not the policyholder, for rapid indications. (cfc.com) For CORSIA, analysis evaluates the project, its Letter of Authorisation, and host-country readiness. (cfc.com) CFC applies rigorous due diligence and leading third‑party data (e.g., Sylvera) to underwrite only high‑quality projects. (cfc.com)

Insurance Coverage Depth

All-risks carbon coverage: 100% protection for non‑delivery of forward credits from any cause (incl. physical/political); cancellation/invalidations of issued/retired credits, incl. Article 6/CORSIA eligibility loss, with adverse‑media/crisis support; lender non‑payment on an all‑risks basis incl. project performance failure; CORSIA Guarantee covering LOA revocation and corresponding‑adjustment failure; developer‑set policy limits. (cfc.com)

Integration with Marketplaces

Partnership with IncubEx to deliver API-based distribution of CFC carbon insurance within trading venues such as The Voluntary Climate Marketplace (TVCM). (prnewswire.com)
2Oka, The Carbon Insurance Company logo
Oka, The Carbon Insurance Company

Carbon Insurance Solutions for Developers

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Last Updated: December 28, 2025
carboninsurance.co

Oka, The Carbon Insurance CompanyCompany Information

Industry: Carbon markets

Description

Oka de-risks global carbon markets to scale industry growth and accelerate climate action.

What They Do

Oka provides carbon insurance solutions tailored to the risks within the carbon market, aiding project developers, corporate sustainability teams, and financial institutions.

Who They Serve

Stakeholders across the carbon market ecosystem including carbon credit developers, buyers, investors, and registries.

Key Value Propositions

Tailored carbon insurance solutions
Expert advisory services
Access to comprehensive financial backing
Commitment to improving market integrity

Target Customers

Corporate carbon credit buyers
Developers
Investors
Registries

Industries Served

Carbon markets
Climate change solutions
Insurance

Trusted By

Lloyd's

Social Media

Summary

Insurance for voluntary carbon credits that protects buyers and investors against post‑issuance risks like reversal and invalidation. US‑based and Lloyd’s-backed, Oka partners with marketplaces to deliver pre‑wrapped, insured credits.

Key Features

  • Modular insurance solutions tailored to developer needs
  • Project and credit insurance covering post-issuance risks
  • RFP consulting services to maximize proposal impact
  • Advisory services, research, and risk assessment
  • Insurance-wrapped credits for enhanced marketability

Key Benefits

  • Unlock access to commercial finance and compliance markets
  • Reduce project costs and increase demand for credits
  • Meet risk requirements of lenders and customers
  • Sell credits more quickly and at higher value
  • Financial protection against loss or replacement of credit inventory
  • Facilitate entry into compliance markets where insurance is a prerequisite

Who Is It For

  • Carbon credit project developers
  • Stakeholders in the carbon-market ecosystem seeking to de-risk projects

Eliminate Risks, Accelerate Growth

Project and credit insurance eliminates the perception of risk currently hindering market growth and climate impact. Designed to meet the risk requirements of your lenders and customers, our modular solutions open the door to more finance, lower costs, and higher demand. In addition to tailored solutions, we provide developers with RFP consulting services.

Why Insurance?

  • Financial Protection: Minimizes financial burden in the event of loss or replacement of credit inventory, and alleviates ongoing cost of managing unforeseeable and unavoidable risk.
  • Customer Access: Insurance-wrapped credits are more likely to meet stringent corporate risk requirements and are a prerequisite for selling into compliance markets.
  • Premium Prices: Insurance is a quality marker and a prerequisite for compliance markets, where credits sell for a premium. Insurance-wrapped credits typically sell more quickly and at a higher value.

Security Through the Carbon Credit Lifecycle

Oka’s team of market and insurance experts has built innovative insurance solutions for a wide range of stakeholders, at every point of the carbon credit lifecycle. By transferring risk off the balance sheets of project developers, investors, and customers, we bring capital to carbon markets.

Project Risk Solution: Carbon Protect

Provides the credit-holder with financial compensation in the event of credit cancellation due to unforeseeable and unavoidable post-issuance risks, including invalidation or reversal.

Country Risk Solution: Corresponding Adjustment Protect

Designed for voluntary credits authorized for sale into compliance markets, Corresponding Adjustment Protect provides developers with financial compensation in the event that a failed corresponding adjustment leads to credit de-authorization.

Bespoke Risk Solution

Discover how a bespoke insurance solution can help you access more finance, lower project costs, and drive customer demand.

Financial Strength

Oka’s insurance products are backed by Lloyd’s underwriters (Oka syndicate 1922) with strong financial ratings from Standard & Poor's, Fitch Ratings, Kroll Bond Rating Agency, and A.M.Best.

  • AA- (Very Strong) - Standard & Poor's
  • AA- (Very Strong) - Fitch Ratings
  • AA- (Very Strong) - Kroll Bond Rating Agency
  • A (Excellent) - A.M.Best

Resources

Supporting Resources

Detailed Comparison

Underwriting Expertise

Lloyd’s-backed Oka Syndicate 1922 (managed by Asta) began underwriting Jan 1, 2024, led by Active Underwriter Dr. Sima Adhya. Oka employs advanced data modeling and actuarial methods via a proprietary underwriting platform integrating Sylvera and BeZero ratings; capacity extended through a lineslip with Apollo and Hiscox. (prnewswire.com) (carboninsurance.co) (prnewswire.com)

Insurance Coverage Depth

Post‑issuance protection for invalidation (overcrediting, non‑additionality, adverse impacts, exclusive claim, fraud) and reversals from natural catastrophes and human‑induced events. (carboninsurance.co) Coverage also includes Article 6/CORSIA Corresponding Adjustment failures (LoA revocation, failed reporting, label removal). (carboninsurance.co) Pays stated value per insured credit (adjustable); CAP has a two‑year term from issuance/first transfer; Lloyd’s‑backed. (carboninsurance.co)

Integration with Marketplaces

- Embedded insurance distributed via marketplaces: - Cloverly: pre-wrapped insured credits to 300+ enterprises. (prnewswire.com) - BACX: pre-insured exchange-traded credits with embedded invalidation cover. (carboninsurance.co) - Clima (Australia): pre-wrapped insured credits for corporate buyers. (prnewswire.com)
Last Updated: December 28, 2025
howdengroup.com

HowdenCompany Information

Howden is a global insurance group with employee ownership at its heart, providing specialist insurance broking services to SMEs, corporates, and multinationals across various regions.

Industry: Insurance
Type: private
Employees: over-10K
Founded: 1882
Location: London, KY
Revenue: over 1b
Funding: $1100.0M
Phone: +44 20 7623 3806

Keywords

insurance broking
specialist insurance
global insurance group
employee ownership
risk management
insurance
broking
reinsurance
underwriting
risk consultancy

Description

Howden Group is a specialist insurance broker providing solutions for SMEs, corporates, and multinationals through its global network.

What They Do

Howden Group offers specialist insurance brokerage services globally, collaborating with clients to provide tailored insurance solutions.

Who They Serve

SMEs, corporates, and multinationals.

Key Value Propositions

Access to a global network of brokers.
Strong premium negotiation power.
Tailored insurance solutions.

Target Customers

Small and medium enterprises (SMEs)
Corporates
Multinationals

Industries Served

Insurance
Financial Services

Contact Information

Social Media

Summary

A first‑of‑its‑kind W&I policy applied to carbon credits to enhance trust and value by insuring against issues such as fraud and double counting. Complements Howden’s broader carbon risk solutions.

Key Features

  • Strategic Advisory
  • Risk Advisory
  • Banking and capital markets integration
  • Analytics and rating agency support
  • Global reach and sector coverage
  • Blend of youth and experience in team

Key Benefits

  • Global integrated approach to reinsurance
  • Fastest growing broker among Top Tier (3x faster than competition)
  • Expertise across all lines of business
  • Client-first focus as a privately-owned broker
  • No silos: integrated banking, advisory, analytics, and rating agency services
  • Access to a global team of 1000+ experts
  • Innovation-driven solutions and execution

Who Is It For

  • Insurers
  • Corporates
  • Entities seeking reinsurance solutions across all lines of business

Reshaping the reinsurance landscape

With our global integrated approach we are reshaping the reinsurance landscape for the benefit of our clients. Howden Re is the fastest growing broker among the Top Tier; growing 3x faster than competition.

Who dares wins

Innovation in an era of hard market softening.

Expertise across all lines of business

Howden Re offers Strategic Advisory and Risk Advisory services, with expertise across all lines of business. Supported by a global team of 1000+ experts.

  • Strategic Advisory
  • Risk Advisory

Client First

As a privately-owned broker, we are focused on client impact rather than quarterly results.

Market-Leading Capabilities

With our ‘no silos’ approach, we bring together our banking, strategic advisory, analytics, and rating agency capabilities to service clients beyond the placement.

Innovation and Relentless Execution

Innovation is in our DNA – our passion, expertise, creativity and commitment to execution generates the best outcomes for clients.

Elite Team

We are the destination of choice for the industry’s leading talent – offering a blend of youth and experience.

Resources

Supporting Resources

Detailed Comparison

Underwriting Expertise

Applies M&A W&I underwriting expertise to carbon credits; first-of-its-kind policy underwritten by a leading MGA. Howden Re’s specialists understand reinsurers’ approaches and decision-making, supported by strong analytics, 450 experts, and 30 offices globally. (howdengroup.com) (howdengroup.com)

Insurance Coverage Depth

Carbon Credits W&I policy insures representations/warranties in carbon credit sale agreements, assuring provenance and project methodology. (insurancebusinessmag.com) It indemnifies proven losses from project‑level fraud, including double counting. (reuters.com) First placement: 300, 000 credits (Mere Plantations), underwritten by an MGA. (howdengroup.com) Howden also offers buyer‑side cover for third‑party negligence and fraud. (reuters.com)

Integration with Marketplaces

Appointed by Verra and Gold Standard to assess/approve insurance for CORSIA‑eligible credits; approved policies are listed by Verra, creating an insurance pathway that enables insured credits to obtain CORSIA labels and enter market infrastructure recognized by major registries. (verra.org)
4Marsh logo
Marsh

Risk Consulting, Brokerage, and Claims Advocacy Services

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Last Updated: December 28, 2025
marsh.com

MarshCompany Information

Marsh is a global leader in insurance broking and risk management, bringing global, national, and industry-specific solutions to a wide range of clients.

Industry: Insurance
Type: public
Employees: over-10K
Founded: 1914
Location: 1166 6th Avenue
Revenue: over 1b
Stock: MMC (NYSE)
Phone: +1 212-345-5000

Keywords

insurance broking
risk management
global solutions
industry-specific expertise
insurance
brokerage
consulting
financial services

Description

Marsh is a global professional services firm that specializes in insurance brokerage and risk management. The firm helps clients navigate complex risks and embrace their opportunities.

What They Do

Marsh provides insurance brokerage and risk management services to clients across various industries worldwide.

Who They Serve

They serve a wide range of clients including businesses, governments, and organizations across multiple sectors.

Key Value Propositions

Industry-specific expertise
Global presence
Data-driven insights and analytics

Target Customers

Businesses
Governments
Non-profit organizations
Individuals seeking personal insurance solutions

Industries Served

Agribusiness
Automotive
Aviation & Space
Cargo & Logistics
Chemical
Communications
Construction
Education
Energy & Power
Entertainment
Financial Institutions
Food & Beverage
Healthcare
Hospitality
Infrastructure
Law Firms
Life Sciences
Manufacturing
Marine
Media
Mining
Public Sector
Real Estate
Recycling
Retail & Wholesale
Sports
Technology
Transportation
Utilities

Contact Information

Summary

Marsh structures and places carbon credit insurance for US projects and offtakes, de‑risking delivery to unlock project finance. Recent placements protected a major US carbon removal developer in a landmark financing.

Key Features

  • Risk consulting
  • Insurance brokerage
  • Claims advocacy
  • Data-driven risk analysis
  • Technology-enabled solutions
  • Analytics for risk management

Key Benefits

  • Better quantification and management of risk
  • Access to global expertise and industry-specific knowledge
  • Support in navigating complex risk environments
  • Leverage of data, technology, and analytics for informed decision-making

Who Is It For

  • Organizations and businesses across a wide range of industries
  • Clients seeking to manage, transfer, or mitigate risk
  • Companies requiring support with insurance placement and claims management

Services

Our consulting, brokerage, and claims advocacy services leverage data, technology, and analytics to help you better quantify and manage risk. Explore our global expertise below. Please note that service availability varies by location. Contact a Marsh advisor for support in your region.

Resources

Supporting Resources

Detailed Comparison

Underwriting Expertise

Marsh leverages deep relationships with underwriting decision‑makers; improves submission quality via Market Readiness Assessments for today’s data‑driven underwriting; and risk engineering equips underwriters with the data to set limits/pricing. It also manages and underwrites select multi‑line programs via its wholesale underwriting group. (marsh.com)

Insurance Coverage Depth

Coverage spans delivery/non-delivery, reversal/invalidity, political risk (CEND), credit/surety, property damage, and parametric CAT/weather; facility covers counterfeit/nonexistent certificates and theft; Marsh placed non‑delivery insurance with London market capacity (e.g., CFC) for US carbon removal offtake financing; also offers CCS transport/storage coverage with non‑damage leakage and business interruption triggers. (marsh.com)

Integration with Marketplaces

Marsh integrates with marketplaces via Verisk’s Whitespace digital trading platform to offer, negotiate, place, and bind London‑market risks (aiming for >90% of segment premium through Whitespace). It also integrates on the Samsara Marketplace to ingest client telematics for risk and claims analytics. (marsh.com)
5HSB (a Munich Re company) logo
HSB (a Munich Re company)
Last Updated: December 28, 2025
munichre.com

HSB (a Munich Re company)Company Information

Munich Re is a leading global provider of reinsurance, primary insurance, and insurance-related risk solutions.

Industry: Insurance
Type: public
Employees: over-10K
Founded: 1880
Location: Munich, BY
Revenue: over 1b
Stock: MUV2 (FRA)
Funding: $500.0M
Phone: + 49 (89) 38 91-0
API: No

Keywords

reinsurance
primary insurance
risk solutions
insurance services
risk management
insurance
global services
business solutions

Description

Munich Re is one of the world’s leading reinsurers and risk solutions providers, helping clients manage their risks and develop tailored insurance solutions.

What They Do

Provide risk solutions and reinsurance services globally.

Who They Serve

Insurers, industry clients, and investors.

Key Value Propositions

Leading global reinsurance provider
Expertise in risk management
Data-driven insights for clients

Target Customers

Insurance companies
Corporate Clients
Investors

Industries Served

Insurance
Reinsurance
Risk management
Financial Services

Contact Information

Summary

Performance insurance that guarantees energy and decarbonization savings for building upgrades and ESPC projects in the US, providing a financial backstop for guaranteed savings. Supports lenders, ESCOs and owners.

Key Features

  • Direct insurance and facultative reinsurance for large corporate clients
  • Expertise across all lines of business and industries
  • Innovative risk-transfer solutions for new technologies and emerging risks
  • Specialized insurance for renewable energy and green technologies
  • Parametric insurance products for fast, transparent payouts
  • Aviation and space risk solutions
  • Comprehensive risk management and data services

Key Benefits

  • Tailored risk solutions for complex and emerging industrial risks
  • Access to global expertise and specialized teams
  • Coverage for risks that are traditionally uninsurable
  • Support for new technologies and green energy transition
  • Fast and transparent claims with parametric products
  • Comprehensive risk management and data analytics

Who Is It For

  • Large corporate clients
  • Industrial companies
  • Companies in energy, construction, mining, utilities, and manufacturing
  • Organizations with complex or emerging risk profiles
  • Companies seeking coverage for new technologies (IoT, AI, digital assets, etc.)
  • Public sector entities seeking parametric or catastrophe risk solutions

Corporate Risk Solutions (Munich Re Facultative & Corporate)

Direct insurance and facultative reinsurance for large corporate clients, with 550+ experts across 20 countries. Solutions span all lines of business, ensuring tailored coverage and services for cedants and corporates.

  • Corporate insurance for large businesses
  • Property insurance solutions
  • Financial, executive and professional risk solutions
  • Liability solutions tailored to your industry
  • Comprehensive insurance for large-scale construction projects
  • Cyber insurance solutions for large organizations
  • Cloud Protection +
  • Power & Utilities: Mastering the energy transition
  • Risk transfer solutions for the energy sector
  • Insurance coverage for mining risks
  • Earnings Quality Insurance Protection (EQuIP)
  • Captive insurance and risk transfer solutions
  • Epidemic and pandemic risk solutions
  • Infrastructure Risk Profiler
  • New Risk Solutions

New Tech Solutions

Innovative risk-transfer solutions for new and emerging technologies, including IoT, AI, digital assets, and liquidated damages.

  • IoT Cover
  • aiSure™ (AI risk insurance)
  • Liquidated Damage Cover
  • Digital Asset Protection (crypto economy)

Green Tech Solutions

Insurance and risk-transfer solutions for renewable energy and green technologies, including wind, solar, biomass, hydrogen, e-mobility, and energy storage.

  • Geothermal energy insurance
  • Green Hydrogen insurance
  • E-Mobility insurance
  • Electrical Energy Storage Systems Insurance
  • Offshore wind park insurance
  • PV Warranty Insurance (solar investment)
  • Renewable Energy and Energy Efficiency
  • Tax Credit Insurance

Parametric Solutions

Parametric products for fast, flexible, and transparent risk management, mitigating the impact of natural disasters and weather-related losses. Complements traditional insurance and covers previously uninsurable risks.

  • Parametric Solutions
  • Parametric Solutions for Agriculture
  • Parametric NatCat
  • Adverse weather for Energy industry
  • Adverse weather for all other industries

Aviation & Space Solutions

Comprehensive insurance for aviation and space risks, including satellites and complex payloads. Munich Re brings entrepreneurial and innovative approaches to the modern space industry.

  • Space and satellite insurance solutions
  • Aviation Insurance Solutions

Risk Services

Risk management and data services to help companies understand and mitigate significant risks, including natural catastrophe databases and location risk intelligence.

  • NatCatSERVICE (natural catastrophe loss database)
  • Munich Re's Risk Suite
  • Location Risk Intelligence

Resources

Supporting Resources

Detailed Comparison

Underwriting Expertise

Munich Re F&C underwrites industry risks with 550+ experts across 20 countries, delivering single‑risk expertise and bespoke solutions across lines. Dedicated cyber and New Risk Solutions underwriters cover emerging exposures, while HSB’s underwriters and risk engineers, recognized experts in building services/equipment breakdown, provide technical assessments for industrial and energy‑efficiency projects. (munichre.com)

Insurance Coverage Depth

Monoline Energy Efficiency Insurance or CLIP covering the difference between expected and actual energy/decarbonization savings due to design, implementation, or performance defects; multiyear terms; available for single projects or portfolios; eligible across HVAC, controls, lighting, envelope, IoT/RTEM and decarbonization tech; tailored for OEMs, ESCOs, SPVs, owners, lenders; requires RTEM/cloud monitoring. (munichre.com)

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Our Ranking Methodology

How we rank these offerings

We ranked these Emissions Reduction Insurance Firms in USA based on three key factors: Insurance Coverage Depth (50% weight), Underwriting Expertise (30% weight), and Integration with Marketplaces (20% weight). Each company's offerings were assessed for the comprehensiveness and relevance of insurance protections in the carbon credit domain, the application of advanced underwriting techniques, and the ability to seamlessly integrate with existing carbon credit marketplaces. Carbon Insurance scored highest because of its all-risk coverage and robust technology-driven underwriting process.

Ranking Criteria Weights:

50%
Insurance Coverage Depth
Comprehensive coverage is critical to ensuring that buyers are protected against the wide range of risks encountered in carbon markets.
30%
Underwriting Expertise
Strong underwriting processes ensure that risks are accurately assessed and managed effectively.
20%
Integration with Marketplaces
Effective marketplace integration facilitates the adoption and functionality of insurance solutions.
Rankings last updated: 12/28/2025

Frequently Asked Questions

What are the typical costs and pricing models for emissions reduction insurance in the USA?
Pricing models for emissions reduction insurance vary significantly based on the coverage type and risk profile of the carbon projects. For instance, Carbon Insurance Solutions for Developers offers coverage that protects against reversal and invalidation, which likely involves a structured pricing model based on the risk of these events occurring in a project’s post-issuance phase. Meanwhile, CFC's model focuses on coverage for political and physical risks in forward purchases, which might be priced using risk assessments tailored to the project's stability and geopolitical factors. Industry participants like Howden and Marsh offer additional risk coverage, potentially increasing premiums based on the complexity and scope of the project being insured.
What are the key selection criteria for choosing an emissions reduction insurance provider?
When selecting an emissions reduction insurance provider, companies should consider the provider's backing and stability, such as Lloyd’s backing for Carbon Insurance Solutions. The scope of coverage is crucial, with firms like Reinsurance providing policies against fraud and double counting, enhancing trustworthiness. Additionally, it's essential to evaluate whether the insurance integrates well with existing carbon marketplaces and financial structures, as seen with Marsh's approach in structuring insurance to unlock project finance. Providers that offer specialized services tailored to industry-specific projects, like those for industrial clients offered by Solutions for Industrial Clients, are also highly valuable.
What industry standards and compliance requirements should be considered for carbon credit insurance?
Industry standards for carbon credit insurance require alignment with established carbon certification frameworks, such as the Verified Carbon Standard (VCS) and the Gold Standard, ensuring credits are legitimate and verifiable. Insurance products should also comply with international and local regulations governing emissions trading and environmental impact. Providers like CFC and Howden ensure compliance by underwriting projects and incorporating elements like fraud protection and double counting insurance to meet these stringent standards. Additionally, partnerships with recognized marketplaces, as seen in Carbon Insurance Solutions' offerings, support adherence to industry norms.
What are the common implementation challenges in emissions reduction insurance and their solutions?
Implementing emissions reduction insurance often faces challenges like accurately assessing project risk, navigating regulatory landscapes, and integrating with existing financial structures. Solutions involve leveraging underwriting expertise, as provided by CFC, to conduct thorough risk assessments. Marsh's practices in structuring insurance for carbon offtakes help overcome financial integration hurdles, streamlining project financing. Overcoming regulatory challenges requires compliance with both local and international emissions trading regulations, a service fortified by Howden through its comprehensive carbon risk solutions.
How do emissions reduction insurance services deliver ROI and value?
Emissions reduction insurance adds value through risk mitigation, enhancing the financial stability and credibility of carbon projects. For example, Reinsurance offers protection against fraud and double counting, thus increasing the trust and value of carbon credits. Marsh’s insurance solutions de-risk project delivery, making it easier to secure financing, thereby generating a positive ROI for developers by ensuring project feasibility and adherence to contractual obligations. Performance insurance from Solutions for Industrial Clients guarantees energy savings, directly tying project success to financial outcomes, which is an essential ROI factor for lenders and project owners.

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