Improved insurance terms through risk reduction
Leveraging market intelligence drawn from 200 GW of wind and solar data, Clir offers a comprehensive assessment and mitigation strategy for project- and portfolio-specific risks. This empowers stakeholders to reduce risks effectively while enabling underwriters to offer more competitive insurance terms.
Deeper insight into risks
Combining insights from a global dataset with a deep analysis of project-specific risks enables a precise view of asset and portfolio risks.
Data for site-specific mitigations
Understand how best-in-class farms of similar region, technology and vintage are mitigating risks.
Improved insurance terms
By providing data-driven evidence of risk reduction strategies, clients can get competitive insurance terms.
Deeper insight into risks
Industry claims data is often unstructured and incomplete, leading to poor quality and difficulty understanding risk. Using anonymous claim data, Clir manually validates and corrects the data and enriches it with supplementary sources. Then, claims are reclassified and labeled, enabling common sources of risk to be studied together. This properly labeled database enables Clir’s risk analysis and mitigation measures.
Site-specific mitigation strategies
Gain unparalleled insight into project risk through data, software and expertise. Industry risk data identifies technical issues that occurred on similar projects based on region, vintage and technology. Coupled with operational SCADA, client survey information and public meteorological sources, this enables a comprehensive, data-backed approach to project optimization and risk mitigation. Owners can understand where to focus efforts for best-in-class risk mitigation strategies.
Natural catastrophe insights
Clir couples claims data with external weather sources to show the impact of natural catastrophes on your wind and solar farms. Losses and risks are compared to industry peers to understand how your assets are protected against extreme weather events. This can help to quantify the potential impact of natural catastrophes on-site based on the technical characteristics.
Support for contracts and O&M
Deeper asset health and component failure insights are delivered by combining global industry data with an analysis of project-specific risks. Understand where to focus mitigation efforts, where to implement stronger contractual obligations and what O&M practices are needed to optimize asset health.
Improved insurance policy terms
With data to mitigate risks and a consistent method for communicating implemented mitigations, Clir supports improved policy terms. Clients can gain insight into health, production and technical assumptions, and can leverage tangible strategies for risk management. This can be used to evidence implemented risk mitigation actions when in discussions with insurance providers.
