Renewable Energy Insurance Broker

What Renewable Energy Insurance Broker does

Renewable Energy Insurance Broker (REIB) is an international insurance brokerage founded in 2011 and headquartered in Sofia, Bulgaria, with regional offices in Berlin and Astoria, New York. The firm specializes exclusively in insurance solutions for the renewable energy sector, serving institutional investors, project developers, EPC contractors, and financial institutions across solar photovoltaic, wind, hydro, bioenergy, and battery energy storage system (BESS) projects. Over 15 years REIB has insured more than 6 GWp of photovoltaic capacity and 12 GWh of energy storage across four continents, claiming over 60% of the Bulgarian PV insurance market, more than 80% of insured Bulgarian BESS capacity, and over 30% of Romania's PV sector.

REIB's core product is a portfolio of proprietary insurance coverages designed for risks standard policies do not address. The flagship offerings include the Solar Under Performance Guarantee (compensating when output falls below 90% of projected production, with indemnity periods up to 18 months), Special Conditions for BESS (with Business Interruption, Advance Loss of Profit, Construction All Risks, and Third-Party Liability structured around tolling, profit-sharing, or hybrid revenue models), Marine Cargo and Delay in Start-Up coverage for international BESS logistics, and Pre-Connection coverage for the highest-risk early project phase. Coverage is placed exclusively with A-rated international insurers, including a named exclusive CEE partnership with Colonnade Insurance S.A.

The business model is commission-based insurance brokerage: REIB structures insurance programs and earns brokerage fees from carrier partners, with pricing determined per project rather than via published rates. The company also generates premium-based revenue on specialized products and offers Master Policy arrangements for investors managing multi-project portfolios. Go-to-market is direct enterprise sales through the three offices, supplemented by industry events (e.g., April 2025 BESS business breakfast in Sofia), thought-leadership publications, and strategic membership in Solar Power Europe's Battery Storage Platform, APSTE, RPIA, and AKU-BAT.

Name

Renewable Energy Insurance Broker

Legal name

Renewable Energy Insurance Broker

Website

https://reib-us.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Renewable Energy Insurance Broker (REIB) is an international insurance brokerage, founded in 2011 and headquartered in Sofia, that exclusively insures renewable energy projects (solar, wind, hydro, bioenergy, BESS) for institutional investors, developers, EPCs, and lenders across four continents, with dominant share in Bulgaria and Romania.

Ownership category

akta.pro rank

Product category

Renewable Energy Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

akta.pro secondary industry

Energy & Power Specialty (Onshore/Offshore) (FSAJAGAI)

Keywords

• Renewable energy insurance
• Solar insurance brokerage
• BESS insurance solutions
• Energy storage insurance
• Photovoltaic risk coverage

Headquarters

HQ city

Astoria

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Brokerage Commission: REIB acts as an insurance broker earning commissions from insurance providers for placing coverage on renewable energy projects. The company structures insurance programs and earns brokerage fees from insurers, with coverage backed by 'A' rated insurance companies.
2. Specialized Insurance Products: Premium-based revenue from specialized insurance products including All Risks, Business Interruption, Reduced Yield, Advance Loss of Profit, Construction All Risks, Third-Party Liability, Marine Cargo, and Delay in Start-Up coverage for renewable energy projects.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Renewable Energy Insurance Broker is an international insurance brokerage that places and structures specialized insurance coverage for renewable energy projects, including solar, wind, hydro, bioenergy, and Battery Energy Storage System (BESS) installations. The company designs tailor-made policies such as Reduced Yield, Business Interruption, Construction All Risks, Marine Cargo, and Third-Party Liability coverage, secured through exclusive partnerships with "A" rated international insurers. REIB serves project developers, investors, EPC contractors, and financial institutions across the project lifecycle from development and construction through operation.

Product overview

Renewable Energy Insurance Broker (REIB) is a specialized insurance broker offering a comprehensive portfolio of insurance products tailored for the renewable energy sector. The product suite covers the entire project lifecycle from feasibility and development through construction to operational phases, with specific insurance solutions for photovoltaic (PV), wind, hydro, bioenergy, and battery energy storage (BESS) projects. The core offering includes Solar Under Performance Guarantee, specialized BESS insurance with Special Conditions, and various risk coverage products including Business Interruption, Advance Loss of Profit, Construction All Risks, Third-Party Liability, and Marine Cargo insurance. Products are structured around specific revenue models and designed to meet bankability requirements for renewable energy investments.

Differentiator

Problem solved

Functional benefit

Brands

• Solar and Energy Storage Insurance: Insurance product covering solar power plants and energy storage systems with Reduced Yield, Loss of Income, and Business Interruption coverage
• Special Conditions for BESS
• Solar Under Performance Guarantee

Products and services

• Solar Under Performance Guarantee Insurance coverage guaranteeing the predicted electricity production of solar power plants, compensating for reduced yield when actual output falls below 90% of projected generation. Targeted at solar project owners and investors seeking revenue protection.
• Solar Power Insurance Comprehensive insurance coverage for solar power plants during development, construction, and operational phases, including All Risks coverage, Business Interruption, and construction-phase coverage. Designed for solar project developers, EPC contractors, and asset owners.
• Wind Power Insurance Insurance coverage tailored for wind power installations, protecting against physical damage and operational losses during the project lifecycle. Targeted at wind farm developers, investors, and operators.
• Hydro Power Insurance Insurance solutions for hydroelectric power plants covering construction and operational risks specific to hydro energy installations. Targeted at hydro project developers and operators.
• Energy Storage - BESS Insurance Specialized insurance coverage for Battery Energy Storage Systems (BESS) including Special Conditions designed specifically for BESS with Business Interruption, Advance Loss of Profit, Construction All Risks, and Third-Party Liability coverage structured around specific revenue models. Targeted at BESS project developers, investors, and EPC contractors.
• Bio Energy Insurance Insurance coverage for biogas and biomass power plants addressing the specific risks associated with bioenergy generation facilities. Targeted at bioenergy project developers and operators.
• Surety Insurance

Quantifiable outcome

• More than 6 GWp of PV plants and 12 GWh of energy storage systems insured over 15 years across four continents
• +4 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Solar Power Europe (Battery Storage Platform)coreStrategic or Co-development PartnerStrategic partner of Solar Power Europe's Battery Storage Platform. REIB actively contributes to shaping the EU regulatory framework for battery storage and renewable energy, reinforcing commitment to the sector's long-term growth.
• Solar Power EuropecoreStrategic or Co-development PartnerAssociation membership providing industry leadership and standards influence. REIB participates in shaping European solar and storage policy through this partnership.
• Colonnade Insurance S.A.coreOthersLuxembourg-based insurer with A.M. Best credit rating of 'A-' (Excellent). Exclusive partner for Central and Eastern Europe insurance products including Reduced Yield coverage. Risk coverage for BESS projects provided through this insurer.
• APSTEminorStrategic or Co-development PartnerAssociation partner shown in REIB's partner organizations section.
• RPIA (Romania)minorStrategic or Co-development PartnerRomanian renewable energy association partner shown in REIB's partner organizations section.
• AKU-BAT (Czech Republic)minorStrategic or Co-development PartnerCzech battery storage association partner shown in REIB's partner organizations section.
• German Insurance PartnerscoreOthersPartnership with German insurance companies established since 2018, working with pioneers in energy storage insurance in Germany to develop specialized products for Central and Eastern Europe.
• ABFA InvestmentscoreStrategic or Co-development PartnerABFA Investments is developing a large-scale battery energy storage project in Europe. REIB structured a tailored insurance program covering 204 battery containers transported from China to Europe, including Marine Cargo, DSU, and War & Strikes coverage.
• International Insurers (Germany, Denmark, Italy, Poland, Romania, England, USA, Singapore)coreOthersWorking with insurance companies across multiple countries to meet the needs of international clients and provide localized coverage solutions.

Scale indicators17 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• GCube Insurance: GCube is a specialty insurer (now part of Beazley) exclusively focused on renewable energy insurance across wind, solar, and BESS globally. Most directly comparable to REIB as a dedicated renewable energy insurance specialist serving similar developers, investors, and EPCs.
• Howden Group Holdings: Howden operates a dedicated renewable energy insurance practice covering solar, wind, and BESS globally. Comparable as a specialty insurance broker with deep renewable energy expertise competing for the same institutional and developer clients.
• Lockton Companies: Lockton operates dedicated renewable energy and energy storage insurance practices globally. Comparable specialty insurance broker competing for similar developer, investor, and EPC client mandates in renewable energy insurance.

Broad incumbents

• Aon plc: Aon is a global insurance brokerage with a dedicated renewable energy practice serving utility-scale developers, IPPs, and financial investors. Comparable as it competes for the same enterprise renewable insurance mandates, though Aon operates across all insurance lines.
• Marsh (Marsh McLennan): Marsh operates a global renewable energy insurance practice within its broader brokerage. Competes with REIB for large renewable energy and BESS insurance placements, particularly for international developers and institutional investors.
• Willis Towers Watson (WTW): WTW provides renewable energy insurance brokerage through its Natural Resources practice. Competes for large renewable energy placements as part of its broader portfolio of insurance and risk advisory services.
• Munich Re: Munich Re is a global reinsurer with significant renewable energy exposure and specialty underwriting capabilities. Relevant as a capacity provider and competitor in renewable energy and BESS risk placement.
• Swiss Re: Swiss Re provides reinsurance capacity and direct renewable energy insurance solutions globally. Comparable as a large-capacity competitor shaping renewable energy underwriting standards.
• Arthur J. Gallagher & Co. Gallagher operates a renewable energy insurance practice serving developers, EPCs, and investors. Competes with REIB for renewable energy and BESS insurance placements as part of its broader brokerage portfolio.

Emerging players

• Beazley plc: Beazley owns GCube and has expanded into renewable energy specialty insurance. Comparable as a specialty insurer focused on renewable energy risk with growing BESS capabilities, increasingly relevant to REIB's product space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/REIB_USA
• YouTubeyoutube.com/@REIB-us
• LinkedInlinkedin.com/company/salida-bulgaria

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Renewable Energy Insurance Broker