Large-scale projects, such as the development of renewable energy sites, require a comprehensive financing strategy. But a myriad of economic, regulatory, political, and other risks can impact the creditworthiness of these capital-intensive projects that often require significant upfront investments, contributing to difficulties securing the necessary financing.
A robust insurance program can play a pivotal role in mitigating these risks. By providing coverage for a variety of potential setbacks, insurance can enhance the creditworthiness of projects, making these mega projects more attractive to investors and lenders. And by identifying and addressing potential risks early in the project lifecycle, stakeholders can enhance their negotiating position with lenders and investors to try and gain more favorable financing terms.
In this episode of Risk in Context, Angela Duca, Marsh’s Global Head of Credit Specialties, speaks with Stephen Kay, Global Infrastructure Business Development Leader, and Vincent Moy, International Surety Practice Leader. They discuss the various credit risks that could derail a project, and the risk management actions and insurance solutions that can help improve a project’s creditworthiness.
