NRI Annual Review 2024 - Flipbook - Page 28
NUCLEAR
INSURANCE POOLS
CIVIL NUCLEAR
POWER SECTOR
POOLS
GOVERNMENTS
Nuclear Risk Insurers (NRI)
employs a ‘pooling’ model, where
multiple insurers collectively
underwrite risks speci昀椀c to
the civil nuclear industry. This
approach is typically used for
risks that are high in severity
28
INSURANCE
MARKET
but low in frequency, such as
nuclear incidents. A pool in one
country insures a civil nuclear
risk domestically and shares that
risk with international nuclear
insurance pools. Today, over
300 insurance companies in 31
countries pool their net capacity
in this way, which is then used
to insure domestic civil nuclear
risks and provide reciprocation.
NRI writes risks in all nuclear
countries, except for countries
where sanctions apply.
