Small Modular Reactors (SMRs)
Expert insurance for next-generation reactor technology
Specialist coverage for modular reactor developments
Small modular reactors (SMRs) represent a revolutionary approach to nuclear power generation, offering enhanced safety features, reduced capital requirements and flexible deployment options. Unlike traditional large-scale nuclear facilities, SMRs are designed for factory production and modular assembly, enabling rapid deployment to meet growing clean energy demands. However, the innovative nature of SMR technology introduces distinct risk profiles that require specialized insurance approaches. Tokio Marine GX’s SMR Insurance provides comprehensive protection across construction and operational phases.
Navigate the complexities of advanced nuclear deployment with tailored risk solutions
The modular design of SMRs creates both opportunities and challenges for risk management. Factory fabrication enables quality control improvements and reduced construction timelines but also introduces serial production risks and transportation complexities for reactor modules. Tokio Marine GX’s SMR Insurance solutions provide protection against construction delays, technology performance shortfalls and regulatory approval challenges. This coverage is particularly crucial for first-of-a-kind deployments that require significant upfront investment and face extended development timelines.
Accelerating the clean energy transition
Tokio Marine GX’s SMR Insurance plays a pivotal role in unlocking the commercial potential of advanced nuclear technology. Our comprehensive coverage addresses investor and lender concerns about emerging nuclear technologies, enabling competitive financing terms and reducing the cost of capital for SMR developments. By offering substantial coverage limits and specialist underwriting expertise, Tokio Marine GX’s SMR Insurance supports the scaling of modular nuclear technology that will be essential for achieving global decarbonization goals. Contact our dedicated Nuclear and Energy Teams to find out how SMR insurance can facilitate your clean energy projects.