Decommissioning Insurance
Market-leading insurance solutions for the dismantling and repurposing of offshore assets
Pioneering insurance cover for every stage, from decommissioning to recycling, renewal and recommissioning
Decommissioning offshore infrastructure is a key issue for many oil and gas operators and focus on this area is growing. It is a highly complex process that carries a myriad of risks. It requires exceptional expertise and typically involves multiple partners, including operators and contractors. Decommissioning demands an insurance partner that can provide the necessary coverage to manage intricate processes, ensuring compliance and safety. Tokio Marine GX holds longstanding relationships with many of our clients based on an in-depth understanding of their market and the operational and construction risks they face.
Comprehensive risk management to ensure sustainable results
Regulatory and governmental pressure is driving an increasing number of operators to seek to decommission their offshore assets. Tokio Marine GX’s comprehensive insurance solutions can be tailored to cover every aspect of the process, enabling the removal of infrastructure that could otherwise be environmentally damaging. Whether it’s insuring the decommissioning operation, the transportation of assets or the recommissioning of assets for new projects, we provide coverage as required, adapting to the unique needs of your project.
Expertise and market leadership in green insurance solutions
Few insurers have the expertise or appetite to support decommissioning. Tokio Marine GX leads the market in expertise and specialized product design. Our solutions are carefully crafted to ensure robust coverage and we set the standard for others to follow. With our long-term commitment and innovative approach, we support the sustainable management and repurposing of offshore assets. Contact us to find out how our Decommissioning Insurance can support your projects and ensure regulatory compliance.