Nuclear Energy

Nuclear energy is at the forefront of the clean energy transition. With the rise of small modular reactors (SMRs) and advanced reactor technologies (ARTs), nuclear is becoming more flexible, safer and better suited to meet the growing global demand for low-carbon power. As industries and governments seek carbon-free solutions to meet the growing demand for energy, nuclear energy offers a reliable path forward.

Interest in fusion technology has also surged in recent years as government, investors and innovators seek clean, baseload technologies to address energy demand. Breakthroughs in plasma physics and superconducting magnets have transformed fusion from a distant scientific ambition to a near-term commercial solution.^[1] With growing policy support around the world, fusion is viewed as a critical pillar of the future clean energy mix.

We have identified seven key challenges that the nuclear and fusion sector will need to navigate:

1. 01

   Cost overruns^[2]

2. 02

   Regulatory and licensing complexity^[3]

3. 03

   Insurance market innovation and flexibility^[4]

4. 04

   Supply chain volatility^[5]

5. 05

   Waste management and decommissioning^[6]

6. 06

   Public perception and regulatory certainty^[7]

7. 07

   Human resources^[8]

Nuclear and fusion risk management

Navigating the nuclear energy lifecycle with confidence requires robust risk management strategies. From early-stage feasibility and licensing to construction, commissioning and decommissioning, nuclear energy projects face unique and evolving risks. As the industry embraces SMRs and ARTs, risk management must adapt to new deployment models, regulatory frameworks and stakeholder expectations. As fusion nears commercialization, the insurance market must evolve to manage the differing risk profile of the innovative technology.

Precision planning with advanced risk analytics

In the highly regulated world of nuclear power plants, data-driven decision-making is essential. Our proprietary analytics tools help you model exposures, stress-test strategies and quantify risk across construction, liability and operational phases. Our modelling capabilities help optimize coverage structures and ensure compliance with evolving regulations.

Innovative solutions for emerging nuclear and fusion risks

As new technology designs, applications and deployment models evolve, new risks are emerging — many of which extend beyond traditional insurance coverage. We are actively developing innovative solutions to address these challenges, ensuring resilience across fusion developments and next-generation nuclear deployments.

Solutions for a transforming industry

Our insurance and advisory programs meet the needs of nuclear projects. Whether supporting new builds, restarts, or advanced technologies, our offerings include construction all risk and delay in start-up coverage, liability structuring, multinational marine and transit programs and contractual insurance reviews. We also provide education and training on nuclear technologies and market dynamics and act as trusted advisors in nuclear mutual placements and pool coordination — ensuring you can meet both current and emerging challenges.

Lifestyle expertise for Nuclear Projects

We support you across every phase of nuclear energy and fusion development — from early-stage planning and licensing to operational risk management and decommissioning. Our team brings deep technical knowledge and global insurance market insight to help manage complex risks associated with fusion devices, SMRs, ARTs and conventional nuclear technologies.

Bridging global expertise with local execution

With nuclear projects expanding across the globe, including those seeking to deploy nuclear programs for the first time, navigating local regulatory landscapes while meeting international standards is critical. Our global network of nuclear specialists combines regional insight with international broking capabilities to deliver agile, compliant and market-responsive solutions. Whether coordinating with national licensing authorities or structuring multinational insurance programs, we ensure you benefit from seamless execution and strategic alignment across jurisdictions.

Footnotes

1. Fusion Breakthrough: 6 Minutes of Plasma Sets New Reactor Record Return to article undo
2. Study identifies reasons for soaring nuclear plant cost overruns in the U.S. Return to article undo
3. Nuclear power’s new rule book: Managing uncertainty in efficiency, safety, and independence Return to article undo
4. Powering the future: The role of insurance in advancing nuclear energy Return to article undo
5. Mobilising the global supply chain Return to article undo
6. New U.S. nuclear power boom begins with old, still-unsolved problem: What to do with radioactive waste Return to article undo
7. Nuclear power’s new rule book: Managing uncertainty in efficiency, safety, and independence Return to article undo
8. Nuclear Human Resource Development for a Net Zero Future Return to article undo