Zurich and Aon's Innovative Approach to Clean Hydrogen Insurance in the UK
Key Ideas
- Zurich and Aon adopted a modular, flexible approach likened to building with Legos for their clean hydrogen insurance facility.
- The aim was to address the complexities of blue and green hydrogen projects, allowing customers to customize their coverage.
- Frank Streidl, Zurich UK's head of commercial insurance, highlighted the importance of offering choice and adaptability in the insurance product.
- The innovative solution signals a positive step towards supporting the development of hydrogen projects in the UK.
Zurich and Aon have taken a unique and creative approach to developing a clean hydrogen insurance facility in the UK. By adopting a 'Lego-like' method, they aimed to tackle the challenges associated with blue and green hydrogen projects. The strategy involved incorporating a high level of flexibility into the insurance product, enabling customers to tailor their coverage according to their specific needs. Frank Streidl, the head of commercial insurance at Zurich UK, emphasized the significance of providing this level of choice to clients. This innovative and customizable solution represents a positive development in the insurance sector's support for hydrogen projects, showcasing a commitment to fostering clean energy initiatives.