One of the key tasks that the Talanx Group, as a leading industrial insurer, has set itself is to support its customers worldwide as they transition to a more sustainable and low-emissions economy.
One of the key tasks that the Talanx Group, as a leading industrial insurer, has set itself is to support its customers worldwide as they transition to a more sustainable and low-emissions economy. As a result, the Group is also contributing to climate and environmental protection in the area of underwriting.
One example is supporting heavy industry as it transitions to green hydrogen. The switch involves high-risk demonstration-sized direction reduction plants in order to test the viability of producing hydrogen for use in steelmaking. Talanx provides erection insurance for these plants, among other things. This allows cover to be provided e.g. for damage and losses to insured items that occur during erection and test operations, or permits all subcontractors involved in the policy to be insured against the resulting costs.
Talanx expects there to be growing demand in this business area and sees itself as a partner for insuring innovative approaches and test facilities – with the goal in all cases being to help industry’s transformation.