London, 17 June 2025 – Africa Specialty Risks (“ASR”), the developing markets-focused (re)insurance group, announces a partnership with Asset Performance Partners (“APP”) to enhance data insights and risk management in the energy insurance sector.
A graduate of the 2024 Lloyd’s Lab, APP provides real-time operational data on energy assets and actionable insights for operators. Using -performance data and on-site engineers, APP creates unique algorithms tailored to specific energy sectors, enabling operators to optimise performance and identify potential risks or damage early.
This partnership will enhance ASR’s energy underwriting and risk management, including pricing and post-bind client services, ultimately reducing claims and minimising losses. It will also improve ASR’s data on both traditional and renewable energy, enabling better pricing, deductibles, and portfolio composition.
ASR specialises in developing market energy risks, with a particular focus on Africa, across both traditional energy generation and renewables.
Suzan Pardesi, Head of Energy and Deputy Active Underwriter, ASR said: “By partnering with APP, we can align our insurance solutions with the performance of energy assets. The real-time data provided by APP will improve our underwriting, pricing, and risk management, offering energy operators a better chance of avoiding claims while improving asset efficiency.”
Andrew Carr, CEO, APP, added: “We’re thrilled to partner with ASR. This collaboration allows us to expand our platform, providing better asset performance for energy operators while delivering improved insurance outcomes. ASR’s deep understanding of the energy risk landscape in Africa makes them an ideal partner as we grow our global reach and provide the energy sector with better risk management tools.”