Lenders’ Insurance Advisory

In project finance, loans are secured on future revenues rather than existing assets. Lenders are therefore exposed throughout the life of the project, with the construction phase being particularly sensitive as debt repayment usually begins only once operations have started.

Our lenders’ insurance advisory practice at Willis, a WTW business, is an independent consulting team dedicated exclusively to advising senior lenders in project finance transactions worldwide. Our role is to help you manage your exposures by ensuring that your project’s insurance programs are robust, bankable and consistent with international market insurance standards.

How can we support your project finance transactions?

We provide lenders with reasonable assurance that the insurable physical risks of a project, during both construction and operation, are covered against fortuitous risks through bankable insurance programs. These programs are proposed by the sponsors and their brokers, and before the final policies are placed, we review them from a lenders’ perspective to ensure that they effectively reflect international market insurance standards, available capacity and recognized industry best practice.

We work closely with sponsors and their insurance advisers, together with lenders’ legal and technical teams, to ensure that insurance requirements are practical, enforceable and effective. This approach strengthens the resilience of the project while protecting the financing.

As an independent advisory practice within Willis, we provide you with impartial advice supported by global expertise, data and resources. This allows us to deliver clear, consistent and realistic assessments of insurance throughout the life of the transaction, fully aligned with lenders’ interests.

Why Willis?

Independent, lender-only focus

We act solely for the benefit of the senior lenders. In situations where Willis may also be advising sponsors in other capacities, we apply strict conflict of interest policies. Our work is carried out by fully separate teams, with clear protocols that ensure impartiality and preserve the independence of our team.

Backed by global expertise

As an independent practice within Willis, we provide you with impartial advice while drawing on the capabilities, analytics and expertise of one of the world’s leading risk advisory companies.

Local presence, global reach

With consultants based in London, Frankfurt, Abidjan, Madrid, São Paulo, Jakarta and Singapore, we bring together local market expertise and global perspective.

Multicultural, multidisciplinary team

Our advisers bring experience from sectors such as energy, mining, infrastructure and finance, enabling us to understand sponsors’ priorities and lenders requirements alike. We also work fluently in English, Spanish, French and Portuguese, which allows us to support lenders seamlessly across different jurisdictions.

Exclusive resources

From WTW’s Global Peril Diagnostic and Market Security platform to the Willis Energy Loss Database, we provide lenders with benchmarking and decision-support tools that draw on decades of market data and experience.

Our credentials

• Over 30 years of experience. We have supported senior lenders for more than three decades.
• 1,800+ projects since 1995. We support a wide range of sectors, including renewable and conventional power, major transport networks, mining, oil and gas, healthcare, telecommunications, petrochemicals, social infrastructure, data centers and beyond.
• 230+ financial institutions supported. We have worked with leading banks, development finance institutions and multilateral agencies across the world.
• Truly global reach. Our experience spans the Americas, Europe, Africa, the Middle East and Asia Pacific.

Crediantial figures are from the lenders’ insurance advisory teams’ internal credentials database, as at 09 October 2025. Data reflects advisory mandates for senior lenders in project finance transactions across multiple sectors globally since 1995.