Tokio Marine, an international specialty insurer with 39,000 employees across 38 countries, has partnered with Clir Renewables (Clir) to provide data-led risk assessments for its renewables insurance services in Brazil.
Tokio Marine insures approximately 70% of Brazil’s respective 32 GW solar and 24 GW wind markets. Its portfolio currently comprises 50 renewable energy sites throughout the country, including 28 wind farms and 22 solar plants. Leveraging project-specific data and Clir’s 200 GW of industry wind and solar risk data, alongside AI, Clir is providing the insurer with risk insights, using data to identify the highest catastrophic risks and best-practice strategies for risk mitigation.
