SECTORS
Geoengineering
Types of pioneering geoengineering technologies
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Solar radiation modification and management
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Stratospheric aerosol injection
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Ocean fertilisation
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Accelerated mineral carbonisation
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Enhanced soil carbon sequestration
Who needs innovative risk solutions?
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Research investors and research facility operators
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Manufacturers
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Technology operators
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Governments and public sector organisations
Solution examples
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The ongoing development of geoengineering, technologies and related products such as solar radiation modification/management or ocean geoengineering poses new problems for the management and insurance of risks emanating from them, such as warranties for products, and public/product liability insurance.
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Our role includes the assessment of the existing insurance markets and jurisdiction cost implications that determine the feasibility and pricing of the warranty and public/product liability cover and to advise on the need for the creation of a new solution from the Alternative Risk Transfer markets.
Lignum Risk Partners and its team members’ work in this sector
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Consulted on the creation of a new alternative risk transfer vehicle for the reinstatement of soil and remedial water clean-up in the event of unintended damage caused by pioneering new tech.
