Munich Re Inexperienced Tech Options Group (Munich Re) and insurance coverage dealer WTW’s Energy and New Vitality Group have teamed up with Chinese language photo voltaic cell and module know-how firm DAS Photo voltaic.
Below the collaboration, Munich Re and WTW will provide photovoltaic (PV) module guarantee insurance coverage.
Munich Re’s coverage, based on DAS Photo voltaic, serves as a basis for the DAS Photo voltaic PV module and raises the corporate’s credibility.
To fulfill the worldwide PV guarantee necessities, Munich Re’s PV Module Guarantee Coverage presents 30-year warranties for dual-glass modules and a 25-year assure for single-glass modules.
The dangers related to the product and efficiency warranties might be largely shifted to this insurance coverage coverage, stated DAS Photo voltaic.
Willis Insurance coverage Brokers director Lv Yuxiang stated: “Willis primarily serves first-tier PV manufacturers and is Munich Re’s largest accomplice in China. In recent times, with the fast growth of the photovoltaic trade, DAS Photo voltaic has change into a brand new top-tier model within the photovoltaic trade in 4 years. I hope we will improve DAS Photo voltaic’s model affect within the world market by this three-way cooperation.”
DAS Photo voltaic senior vice chairman Vincent Cao stated: “With Munich Re as a threat switch accomplice for this 12 months, DAS Photo voltaic can dedicate extra sources to enhance our services. Each DAS Photo voltaic regional and worldwide purchasers will achieve the insurance coverage advantages introduced by Munich Re.”
Final month, Thai Life Insurance coverage partnered with Munich Re Automation Options to streamline the life insurance coverage software course of.