MSIG Asia has announced a strategic partnership with The RiskPoint Group to deliver customized insurance solutions for project owners and brokers involved in renewable energy projects throughout the Asia-Pacific region. The collaboration will cover both the construction and operational phases of these projects.
The partnership comes with the approval of the Monetary Authority of Singapore (MAS), allowing RiskPoint to serve as MSIG Singapore’s Managing General Agent (MGA). This move aims to capitalize on Singapore’s status as a regional insurance hub, enabling the provision of comprehensive coverage for renewable energy projects across Asia-Pacific.
The region is poised to invest more than $3 trillion in power generation over the next decade, with nearly half of that investment directed toward wind and solar energy projects. Additionally, 12% of the funds will be allocated to energy storage solutions.
MSIG and RiskPoint have maintained a collaborative relationship since 2008, further strengthening their commitment to the growing renewable energy sector.
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