Energy is one of the most strategic sectors worldwide, and the growing population and rapidly advancing technology have driven global energy demand to unprecedented levels. To meet this demand, the number of energy facilities—both in Türkiye and globally—is increasing, making effective risk management essential for investors.
NART delivers superior risk management services across all branches of renewable energy. We manage the risks of numerous hydroelectric, wind, and solar power plants in Türkiye, each generating tens of megawatts, while minimizing risk costs and ensuring safe, uninterrupted operations under broad insurance coverage. Leading companies in the competitive renewable energy market enhance their profitability with NART’s expertise.
Power plants—whether in the design, assembly, or operational stage—contain massive structures and high-cost machinery, exposing them to multiple risks. For example:
Hydroelectric plants: retaining wall collapse, landslides, turbine and generator damage.
Wind power plants: snow, lightning strikes, electrical faults, corrosion, turbine or gearbox damage.
Additionally, physical damage often leads to business interruption, creating financial strain from fixed costs such as loan repayments and employee wages.
Beyond renewables, NART supports oil and gas investors across the entire value chain:
Upstream: exploration and production
Midstream: transportation and storage
Downstream: refining and marketing
Mega projects such as TANAP and numerous regional natural gas distributors are part of NART’s energy portfolio.
With deep industry knowledge, extensive experience in risk transfer design, and strong relationships with insurers worldwide, NART Brokerage secures optimal coverage solutions tailored to our clients’ needs—efficiently and effectively.
Energy and power companies typically require insurance coverage for assets, properties, and infrastructure in both domestic and overseas locations; protection against business interruption and revenue loss; new construction investments; third-party liability; and workers’ compensation losses. Since most energy assets are located in open environments and exposed to natural elements, coverage against severe weather events and natural disasters is of critical importance.
Given the scale of digitalization across every stage of the energy value chain, companies must also consider protection against increasing cyber risks. Furthermore, depending on the operational location, coverage for credit uncertainties and political risks may also be necessary.
Every company, facility, and investment is unique. The best way to understand, assess, and manage risk is to work with an experienced risk advisor.
Insurance and risk management in the energy and power sector is a complex matter requiring specialist expertise. Oil and natural gas companies, electricity producers, distributors, retailers, renewable energy investors, and operators each face unique risks and have distinct insurance requirements. It is essential to work with risk management advisors who understand your business model, can provide insights into the most relevant industry trends and best practices in insurance and risk management, and keep you informed.
NART’s global team of energy and power advisors, risk engineers, and brokers facilitates your engagement with insurance markets worldwide, while designing solutions that support your organization’s short- and long-term objectives.
