Modern Australian
Men's Weekly

.

MSIG Asia And The RiskPoint Group Join Forces To Drive Renewable Energy Insurance Across Asia Pacific

SINGAPORE - Media OutReach Newswire - 24 January 2025 - MSIG Asia Pte Ltd ("MSIG"), a leading general insurance brand in the region, and The RiskPoint Group ("RiskPoint"), one of Europe's largest Managing General Underwriters specialising in renewable energy, have announced a strategic partnership to advance renewable energy insurance in Asia Pacific.

This collaboration underscores both organisations' shared commitment to sustainability and innovation in addressing the evolving needs of the sector.

MSIG Asia And The Riskpoint Group Join Forces To Drive Renewable Energy Insurance Across Asia Pacific

With approval from the Monetary Authority of Singapore (MAS) for RiskPoint's appointment as MSIG Singapore's MGA, the partnership will leverage Singapore's position as a regional insurance hub to provide coverage for renewable energy projects across the broader Asia Pacific region.

Enhancing risk management for Asia Pacific's renewable energy sector

The Asia Pacific region is projected to invest over US$3 trillion in power generation over the next decade with nearly 49% of the investment dedicated to wind and solar projects and 12% for energy storage. Renewable energy is emerging as a key driver of both economic and environmental progress as countries in the region accelerate their green efforts to combat climate change and enhance long-term energy security1.

With MSIG's extensive regional distribution network and financial strength, combined with RiskPoint's technical expertise and underwriting capabilities, the partnership is poised to significantly impact the renewable energy insurance landscape in Asia Pacific. Together, MSIG and RiskPoint will deliver tailored insurance solutions for construction and operation of solar, wind, and hydroelectric assets to project owners and their appointed brokers.

"The renewable energy sector faces unique challenges, including regulatory changes, natural disasters, and operational risks. Our collaboration with RiskPoint will provide significant support to our broking partners and their clients in overcoming these challenges. Together, we are confident in making a meaningful contribution to the region's accelerated transition towards a sustainable future. We are excited to work with RiskPoint to seize the promising opportunities ahead. This partnership is a key part of our MSIG Asia 2029 Growth Ambition, as recently outlined to the financial markets2," says Clemens Philippi, CEO of MSIG Asia.

Mack Eng, CEO of MSIG Singapore adds: "As Singapore solidifies its position as a regional insurance hub and accelerates its green energy transition, the opportunities in this space are immense. We are proud to partner with RiskPoint to support Singapore's and the region's green energy transition, collaborating with our business units across the Asia network to drive large-scale renewable energy projects."

MSIG and RiskPoint share a long-standing relationship dating back to 2008 in Europe, covering renewable energy, property, casualty, and financial lines. The expansion into Asia Pacific marks a critical milestone, further strengthening RiskPoint's market-leading panel of 'A' or above rated insurance companies in the renewable energy insurance sector. It also highlights the broader RiskPoint's dedication to work with world-class insurance providers to deliver exceptional value.

Kenneth Nielsen, CEO of RiskPoint Group comments: "In our pursuit to provide service excellence and expand our footprint in AsiaPac, I am proud to welcome MSIG as a business partner. This new partnership enhances our ability to offer unique value propositions to the region and reaffirms the RiskPoint Group's commitment to supporting the expansion of renewable energy solutions. We are excited to be part of driving the green transition also in AsiaPac in collaboration with MSIG."

1 APAC to invest US$3.3 trillion in power generation over next decade | Wood Mackenzie­­
2 https://www.ms-ad-hd.com/en/ir/ir_event/presentation.html
Hashtag: #MSIGAsia

The issuer is solely responsible for the content of this announcement.

About MSIG Asia

MSIG, one of Asia's leading general insurance brands, is a member of the MS&AD Insurance Group Holdings Inc. and a wholly owned subsidiary of Mitsui Sumitomo Insurance Co. Ltd., boasting a robust credit rating of A+ Stable. With over 40,000 employees and presence in 48 countries and regions globally, the Group is amongst the world's top non-life insurance groups based on gross revenue. Within Asia Pacific, MSIG is represented in all ASEAN markets as well as in Australia, New Zealand, Hong Kong, China, Korea, India and Taiwan. It is the top non-life regional insurance provider in ASEAN based on gross written premiums. MSIG's expansive network also includes MS First Capital, headquartered in Singapore, and the Asia Pacific operations of MS Amlin. MS First Capital specialises in Corporate, Marine Hull, and unconventional risks, while MS Amlin delivers specialised insurance solutions in Property & Casualty, Marine & Aviation, and Reinsurance sectors.


About The RiskPoint Group

The RiskPoint Group is one of Europe's largest Managing General Underwriters (MGUs), providing best in class insurance solutions to businesses and their advisors globally. The RiskPoint Group operates as RiskPoint in Europe and Asia and RP Underwriting in the rest of the world. With 250+ employees and 16 locations in Europe, North America, and Asia Pacific, the RiskPoint Group employs expert underwriting and specialised, in-house claims teams within Accident & Health, Transactional Risk, Property & Construction, Renewable Energy, Offshore Upstream, and Liabilities, including Financial Lines, Cyber, and Casualty. The RiskPoint Group is a Coverholder with Lloyd's of London and is backed by a strong panel of well-reputed insurance companies.


7 Common Air Conditioner Issues in Melbourne – And How to Fix Them

Image by freepik Living in Melbourne, we all know how unpredictable the weather can be. One moment it’s cold and windy, the next it’s a scorchin...

Powering Palm QLD with Reliable Electrical Solutions

Image by pvproductions on Freepik When it comes to finding a trustworthy electrician Palm QLD locals can count on, the team at East Coast Sparkies s...

The Smart Way to Grow Online: SEO Management Sydney Businesses Can Rely On

If you’re a Sydney-based business owner, you already know the digital space is crowded. But with the right strategy, you don’t need to shout the...

What Your Car Says About You: The Personality Behind the Vehicle

You can tell a lot about someone by the car they drive—or at least, that’s what people think. True Blue Mobile Mechanics reckon the car says a l...

The Confidence Curve: Why Boudoir Photography Is the Empowerment Trend You Didn’t Know You Needed

Boudoir photography has been quietly taking over social feeds, Pinterest boards, and personal milestones—and for good reason. It’s not just abou...

Understanding Level 2 Electricians: Why Sydney Residents Need Licenced Experts for Complex Electrical Work

When it comes to electrical work around the home or business, not all electricians are created equal. In Sydney, particularly when you're dealing wi...

Retirement Anchored in Model Boat Building for Waterford’s Doug Unsold

WATERFORD — When Doug Unsold sees his ship come in, it’s usually one he’s crafted with his own hands. The 67-year-old retiree from Waterford ...

The Science Behind Alarm Clocks and Your Circadian Rhythm

Waking up on time isn’t just about setting an alarm—it’s about working with your body, not against it. At the heart of every restful night and...

How to Use Plants to Create a Calming Atmosphere in Your Home

In today’s fast-paced world, cultivating a calm, soothing environment at home has never been more important. Whether you live in a busy urban apar...

How Maths Tutoring Can Help Students Master Maths

Mathematics can be a daunting subject for many students, often causing stress and frustration. However, maths tutoring has proven to be an effective...

Refurbished iPads Are Better Than New Ones (Here's Why)

Image by rawpixel.com on Freepik Apple's refurbished iPad program has quietly become one of the best deals in tech. While everyone obsesses over the ...

Your Guide to Finding the Right GP: What Perth City Doctors Offer Today

Choosing a General Practitioner (GP) is one of the most important health decisions you’ll make. Luckily, Perth’s vibrant CBD now hosts a new ge...

Why Every Mining Operation Needs a Robust Safety Management System

Mining is one of the backbones of the Australian economy, particularly in Western Australia. Back in 2019-20, mining contributed 10.4% of Australiaâ...

Australian Classic Literature Enjoys Resurgence

Welcome back to the good old days of storytelling! As the modern world becomes increasingly more demanding, returning to childhood favourites offers...

How to Choose the Right Lawyers in Sydney for Your Situation

When faced with a legal issue, selecting the right legal representation can make all the difference. Whether you're dealing with a personal injury, ...

Building a Governance Model for Headless Content Management at Scale

Image by pch.vector on Freepik There's never been a better time to implement a headless content management system (CMS) to gain the flexibility and ...

Understanding Trade Insurance: Essential Protection for Businesses

Image by Drazen Zigic on Freepik In the current economic environment, trade insurance is an important element for companies trading both locally an...

Choosing the Right Timber for External Cladding

Timber cladding is one of those finishes that pulls double duty: it makes a building look warm and welcoming, and it quietly shields the frame from ...