Willis Insurance has introduced a modular insurance suite designed for the carbon capture and storage (CCS) value chain. The coverage includes protection for CO2 capture, transport, and storage infrastructure, specifically targeting risks associated with measurement, monitoring, and verification systems. While the solution is global, the firm notes that specific regulatory requirements, such as US 45Q tax credits, require different insurance structures. This new offering focuses on improving bankability for developers and investors in non-US markets by providing bespoke risk allocation.
