Willis, a WTW business on May 13, 2026, announced the launch of its Carbon Capture and Storage insurance solution.
CCS is a fully integrated insurance package specifically designed to help developers and operators throughout the CO₂ capture, storage and transportation value chain. It adjusts upstream energy, marine, and liability along with environmental safeguards to the risks posed by CCS operations.
The solution was created to provide bankability, allowing coverage that conforms to regulatory and carbon credit standards and is designed to support operators and investors as well as emissions producers through each phase of a project lifecycle. Alongside conventional insurance, the service offering comprises best-practice knowledge sharing, front-end engineering design – FEED phase risk engineering support, contractual risk allocation advice, lender and regulatory support and personalised insurance options.
Coverage points of interest
- Full risk coverage across the whole Carbon Capture and Storage Insurance Solution value chain, right from construction and commissioning to long-term operations.
- Protection for physical assets and revenues comprising property damage, business disruptions, and value chain downtime.
- Risk transfer assurance for complex CCS exposures including first-of-a-kind technologies.
- Third-party claims, plume migration, terminal activities, as well as off-spec CO₂ risks, including full liability protection.
- Coverage of leakage event response along with remediation funds corrective measures after unintended CO₂ releases.
- Financial protection according to carbon credit and off-take regimes, reducing exposure to non-delivery penalties along with mandatory carbon market obligations.
Says head of global broking strategy, natural resources at Willis, Marie Reiter, “We are delighted to announce the launch of our CCS solution, designed to support the next phase of carbon capture and storage deployment. Carbon capture and storage projects face first-of-a-kind risks, complex contractual structures, and rapidly evolving regulatory requirements. Effective risk management is critical to building bankability and long-term resilience.”