Tokio Marine’s portfolio includes 50 renewable energy projects in Brazil, comprising 28 wind farms and 22 solar plants. Credit: Nicholas Doherty on Unsplash.

Speciality insurer Tokio Marine has formed a partnership with Clir Renewables to offer data-powered risk evaluations for renewables insurance services in Brazil.

Under the partnership, Clir will offer its Risk Survey solution to help insurers precisely identify and map project risks and highlight mitigation tactics.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The survey solution will also ensure transparency of communication between the insurer and the insured party.

Clir will deliver the insurer risk quotations and surveys leveraging Tokio Marine’s insurance data and its 200GW of wind and solar risk data, as well as AI and technical expertise.

It will also use data-driven insights to identify catastrophic risks and develop effective risk-mitigation measures.

Clir’s wide dataset will aid insurers in benchmarking against identical assets and identify industry-evaluated best practices for alleviating risks. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

This will empower Tokio Marine to carry out accurate underwriting, assign appropriate insurance coverage and cut down overall policy expenditures.

Tokio Marine Seguradora corporate products executive director Felipe Smith said: “Identifying, analysing, and knowing how to resolve highly varied risks is what makes the difference in the corporate insurance market.

“The service ensures that the client receives essential guidance on risks and how to best protect themselves.

“Without a doubt, this partnership with Clir gives us a great competitive advantage in a sector whose demand for insurance is only continuing to grow.”

Tokio Marine Seguradora provides insurance for nearly 70% of the 32GW solar and 24 GW wind markets in Brazil.

The company’s portfolio includes 50 renewable energy projects in the region, comprising 28 wind farms and 22 solar plants.

In August 2023, Tokio Marine entered a definitive agreement to divest its US-based subsidiary Tokio Marine Pacific Insurance to Calvo Enterprises.