Sojitz Insurance Agency to Sell Sunbrella® for Photovoltaic Power Generation Operators
-Entering the Market with Solutions Plan to Support Photovoltaic Power Generation Businesses-
Aug. 15, 2014
Sojitz Insurance Agency Corporation
Sojitz Insurance Agency (Head Office: Chiyoda-ku, Tokyo; President & CEO: Kazuhiko Kawasaki) will launch the sale of Sunbrella®, an insurance solutions plan for photovoltaic power generation operators.
Sunbrella® provides comprehensive cover for photovoltaic power plants by evaluating every possible risk in an integrated manner, from construction of the facility through to events that occur during operation.
Comprehensive cover in respect of risks such as lost opportunities for income from the sale of electricity, natural disasters such as fire and lightning strike, loss of manufacturer’s warranty, and accident liability caters for a variety of risks pertaining to manufacturers, business owners, construction contractors, and repair and maintenance contractors. In particular, the plan’s greatest advantage is that it offers extensive covage for the risk of loss of manufacturer’s warranty owing to bankruptcy of module manufacturers. N.B.: Underwriting entails specific screening. The insurance is underwritten by a major Japanese non-life insurance company.
*Sunbrella® is coined from the word “sun” and the word “umbrella,” which protects against risks (registered trademark).
As an insurance agency for general trading company, Sojitz Insurance Agency will help to contribute to the spread of solar power businesses by providing customers with a full range of solutions for risk management.
Overview of Sojitz Insurance Agency Corporation
|Head Office||1-1 Uchisaiwaicho 2-chome, Chiyoda-ku, Tokyo|
|Main Business||Non-life insurance agent, life insurance subscription-related business, subsidiary enterprise business, and related services|
|No. of employees||90 (as of July 31, 2014)|