 A knowledge-based approach to insurance and financial services for the wind industry WindRisk Insurance Services
The WindRisk Insurance Services business unit consists of two
divisions:
- An insurance product unit, whose function is to develop
innovative, risk management-based insurance products; and
- An insurance advisory unit, whose function is to provide advisory, risk management and loss control services to wind industry insurers and insureds, regarding strategies to manage the claims process.
In the insurance context, WindRisk’s Enterprise Management Platform enables:
- A return to a classic "back to basics" knowledge-based, underwriting-to-risk approach with consequently improved loss ratios and insurer profitability; and
- Enhancement of wind project economics through the availability of improved financing and insurance
terms.
WindRisk Financial Services
The WindRisk Financial Services business unit arranges appropriate equipment lease packages to finance its clients’ installation of WindRisk’s condition monitoring systems as part of the WindRisk Enterprise
Management Platform’s service package. The provision of WindRisk’s condition monitoring systems to
its clients by way of a lease eliminates an up-front cash outlay by WindRisk’s clients and thereby assists
the client’s cash flows.
The WindRisk Financial Services business unit can also assist clients in arranging other innovative structured
finance solutions to their wind asset financing requirements.
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