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Case Study

Carbon credits warranty and indemnity policy

COUNTRY/REGION

Ghana

START - END DATE

2024 - Ongoing

REALM

Terrestrial

Howden, the global insurance intermediary group, announced the placement of the first Carbon Credits WarHowden, the global insurance intermediary group, has placed the first-ever Carbon Credits Warranty and Indemnity (W&I) insurance policy. The policy provides insurance cover on the sale of carbon credits associated with a reafforestation project on degraded forest lands by Mere Plantations — a UK-based company that owns and operates a teak plantation in Ghana, West Africa. The policy has been underwritten by a leading managing general agent.

Insurance trigger type

The mechanism by which an insurance payout or financial response is activated

Indemnity

Insurance scheme target

Beneficiary of Insurance Scheme

Investors

Insurance scheme developer

The type of institution(s) providing insurance or guarantees

Private

Insured risk

The primary category of risk addressed or managed by the insurance solution.

Performance and Delivery Risk

Insurance product type

Adapted from UNEP FI framework subcategories

Insurance to de-risk/enable investment in nature

Partners:

Howden

Referred by:

UNEP FI

Sources:

Howden launches the first carbon credits warranty & indemnity insurance policytions-carbon-credits