FAQs

What is covered by Kita’s carbon insurance products?

Kita’s insurance policies protect clients against a comprehensive range of risks tailored to carbon and natural capital asset classes across project lifecycles, including Delivery; Counterparty; Political and Portfolio Depletion.

We have built each policy to be comprehensive for the cover our clients require, but also within a price point that enables return profiles needed for investment decisions. Please see more information on our products here.

What types of carbon projects do you cover?

The majority of our products are technology-agnostic. Kita’s Delivery Risk Product covers terrestrial forestry, biochar, enhanced rock weathering and mangrove projects.

We are constantly expanding our coverage, so please get in touch to discuss your requirements.

Where can Kita provide insurance?

Kita can provide insurance to companies based in the UK, US, Canada, Switzerland, Singapore, Australia, EU and EEA. This is based on the location of the insured, not the carbon project. Carbon projects can be located worldwide, with some exceptions for countries with embargoes, sanctions, and/or regulatory restrictions.  

We are continually working on expanding our regulatory remit so please get in touch if you are based in another jurisdiction. 

What other services does Kita offer?

We provide a range of risk advisory services to help clients identify and understand insurable risks.

We provide Risk Assessments, a bespoke appraisal of a project’s risk and insurability, across technical, commercial, and/or political risks. These are usually provided during due diligence phase to enable investment decisions for clients who require insurance as part of an investment.

We also offer Buffer as a Service and Portfolio as a Service; both of which provide independent risk management for a pool of carbon credits, helping to reduce risk and increase operational efficiency. Buffer as a Service is for Carbon Standards. Portfolio as a Service is for any company holding a portfolio of carbon credits.

Are claims paid in cash or carbon?

Clients have the option to receive eligible insurance claims in cash or like-for-like replacement carbon credits. This offers clients flexibility in risk management options and greater confidence in meeting their high-integrity climate targets.   

Replacement carbon credits for eligible claims will be distributed from Kita’s Carbon Credit Supplier Pool. Read more here.

How can we buy Kita’s insurance?

Please contact us to discuss.

We often speak with clients while they are in the due diligence phase of project investment. Prior to insurance requirements, our risk assessments, as an initial review of the risk and insurability of a project, can help to inform investment decisions and enable a future insurance policy.

What credit rating does Kita’s insurance have?

Kita is a Lloyd’s Coverholder which means we have a credit rating which stems from Lloyd’s of London. Kita is backed by established insurance companies with A-rated paper, and these companies hold regulated capital on our behalf and pay our clients’ claims.

Do you cover anything outside of carbon markets?

Yes, we are expanding outside of the carbon markets, for example to wider natural capital and energy transition. Please get in touch to discuss your requirements.