Title: SECTION ONE
1SECTION ONE
Renewable Energy Insurance
- Sub-title Can Be Written Here In Title Case
Niels Kragelund General Manager, Global Wind
Energy
2Over 25 years experience, providing global
renewable energy insurance solutions for
Protecting customer interests at every stage of
development, from planning and construction
through to operation
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- Global Expertise Delivered Locally
3We deliver market leading expertise on a global
scale
Distributing our products to customers across the
world
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4Working with prominent players in the industry,
including
Manufacturers
Innovative clients
Leading brokers
..RSA have been instrumental in helping us
solve numerous insurance related issues
(Ditlev Engel, CEO, Vestas)
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5We understand what major issues our customers face
- Gained invaluable experience in the industry
- Insuring our first wind farms onshore 25 years
ago and offshore 15 years ago - Protecting the interests of customers in Europe,
the Americas and Asia
- Understand our customers biggest frustrations,
inc - Project delays over 2 years to get through
planning - Supply chain difficulties up to 2 years to wait
for new turbines - Machinery failures gearbox problems account for
20 of all claims - Downtime appx. 10,800 in lost income per day
that a turbine is down - Increased cost of equipment up over 30 in the
last 3 years
- Added value in their businesses e.g. reducing
lightening claims expenses by 50 and improving
oil monitoring systems - And, provide a solution that meets the needs of
the industry
Harnessing the elements of expertise
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6RSA Wind Turbines
- RSA contributes to setting standards for wind
turbine design, erection, operation and
maintenance. -
- We participate in the work to develop rules at
Risø National Laboratory for Wind Power in
Denmark. - We represent the Danish insurance industry in the
Ministry of Energys Consultative Committee for
Wind Power. - Throughout the years, we have seen some 18 series
of losses regarding wind turbine components. - RSA aim to limit the extent and impact of any
wind turbine loss.
Moving the industry forward
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7RSA and Offshore wind
- RSA have been involved in the insurance of the
construction and operation of some of the biggest
off-shore projects world wide including - Vindeby Samsø Utgrunden
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- Nysted Lillgrunden Burbo Bank
- Horns Rev I Repair North Hyle Thanet
- Rhyl Flats Ytre Stengrund Greater Gabbard
- Robin Rigg Q 7 Alfa Ventus (Doti)
- Kentish Flats Barrow
Market leading experience in Offshore projects
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8IMIA The International Association of
Engineering Insurers
- RSA participates in this international forum and
network, working closely with Munich Re. - IMIA aims to promote understanding and knowledge
sharing in the field of Engineering Insurance. - Through its international network, Engineering
Insurers around the world share experiences,
discuss and develop new ideas and investigate and
share knowledge on emerging and critical issues. - Niels Kragelund is a member of the working group
for wind power, which has prepared three reports
about wind turbine insurance, all available free
of charge on www.imia.com under "Papers
Published - Engineering Insurance of Offshore Wind Turbines
IMIA WGP45(06) - Insurance of Wind Turbines - Update IMIA
wgp26(02)E - Insurance of Wind Turbines - IMIA WGP5(99)E
Providing thought leadership to the industry
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9Insurance solutions to meet the needs of the
industry
- Building a compelling package for Project
Developers and Operators
A simple, yet unrivalled, solution to meet
customer needs
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10Supporting proposition delivery of manufacturers
Insurance solutions to meet the needs of the
industry
Maximising Opportunities From A New Distribution
Channel
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11Building on broker relationships
Insurance solutions to meet the needs of the
industry
Making Us The Number 1 Partner For Business
Development
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12A Cradle To Grave Solution
- Additional flexibility to meet a range of
requirements including - Output Miscalculation covers
- Tailored packages for manufacturers and
contractors - Access to the full RSA product range
Tailored To Meet Customer Needs
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13Supported by excellence in risk management and
claims
- Ensuring a high level of customer satisfaction
through - Speed of response - access to our Claims team
24/7 - Efficient claims resolution - from our in house
specialist Loss Adjusters and Claims team
- Providing you with access to our in house Risk
Management expertise from project conception - Consultancy in risk improvement and loss control
for Developers and Manufacturers - Statutory engineering inspections of plant and
equipment - Support investment due diligence processes
- Technical training
Delivering our Promise
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14Contacts
Stella Fang Director, Renewable Energy Sun
Alliance Insurance (China) Limited Part of the
RSA group tel 86 (21) 6888 1999 x111 mob
86 13818766227 email stella.fang_at_cn.rsagroup.com
7th Floor, AZIA Center,1233 Lu Jia Zui Ring
Road,Pudong, Shanghai, 200120,P.R. China
www.RSAGroup.com.cn
Global Expertise Delivered Locally
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15Questions