A partnership to support the growth of renewable energies
With the approval of the Monetary Authority of Singapore, RiskPoint—a company included in the Vintage Altaroc Odyssey —has become the Managing General Agent for MSIG Singapore. This partnership will leverage Singapore’s position as an insurance hub to offer tailored coverage for renewable energy projects throughout the region.
The renewable energy sector in Asia-Pacific is growing rapidly, with investments estimated at over $3,000 billion over the next ten years, mainly in solar, wind and energy storage projects. To support this dynamic, RiskPoint and MSIG will be offering tailor-made insurance solutions for the construction and operation of renewable energy infrastructure projects.
Combined expertise to meet the challenges of the energy transition
RiskPoint brings its technical expertise and network of high-quality insurers, while MSIG contributes its financial strength and extensive network in Asia. Together, they aim to offer tailor-made insurance solutions for renewable energy projects and support the region's energy transition.
Kenneth Nielsen, CEO of RiskPoint, says: "This partnership enables us to effectively support the growth of renewable energy projects in Asia-Pacific. We look forward to contributing to the region's energy transition."
Clemens Philippi, CEO of MSIG Asia, adds, "We are convinced that this collaboration will strengthen the region's ability to achieve its sustainability goals, while addressing the challenges facing the industry."
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