Allianz UK expands battery storage underwriting proposition

Allianz UK has expanded its underwriting capability for battery energy storage systems, giving brokers more support for customers with renewable energy projects.

The proposition has been designed for mid-market energy clients and can be tailored to provide customer-led cover for complex risk features.

The expanded capability follows the UK’s acceleration of its transition to low-carbon energy, with battery storage becoming a key part of the infrastructure needed to manage renewable energy generation and strengthen grid resilience.

Christian Simpson, head of construction, engineering and energy insurance, technical and underwriting at Allianz UK, said: “Battery energy storage is becoming an increasingly important part of the UK’s renewable energy infrastructure and brokers are seeing more clients exploring opportunities in this space.

”It’s a developing area of risk, which is why early conversations with experienced underwriters and renewable energy specialists are so valuable. This enhanced proposition underscores Allianz’s commitment to supporting the transition to net zero solutions by providing comprehensive insurance product for low-carbon technologies and renewable energy projects.”

Wider strategy

The launch forms part of Allianz UK’s wider renewable energy strategy.

The expanded capability sits alongside the insurer’s existing renewable energy expertise across wind, solar, hydro, biomass, anaerobic digestion and short-term operating reserve. 

Simpson added: “By working closely with Allianz Commercial, we’re giving brokers clearer access to the right expertise across Allianz.

”We want brokers to feel confident bringing opportunities to us so we can understand each project, look at the controls in place and discuss where we can support both the broker and the customer.”