Africa Specialty Risks Partners with Asset Performance Partners to Advance Energy Risk Underwriting
Africa Specialty Risks (ASR) has officially announced a strategic alliance with Asset Performance Partners (APP), a leading provider of real-time analytics for energy assets. This partnership marks a major step toward modernizing risk evaluation, pricing, and underwriting across Africa’s energy landscape and other emerging markets.
By leveraging Asset Performance technology and ASR’s risk expertise, this collaboration aims to make energy insurance more intelligent, responsive, and tailored—offering added value to clients operating in high-risk, complex energy environments.
Asset Performance Analytics Unlock Data-Driven Energy Insights
At the core of this partnership lies Asset Performance Partners’ cutting-edge technology, which delivers real-time operational data from energy infrastructure. This includes oil and gas facilities, thermal power plants, and renewable assets like wind and solar farms.
APP applies energy-sector-specific algorithms to generate actionable intelligence, helping operators maximize asset uptime, preemptively detect anomalies, and resolve maintenance or safety issues before they escalate. These insights are critical in today’s energy market, which is shaped by climate volatility, energy transition demands, and increasing ESG scrutiny.
Through this partnership, ASR will gain deeper visibility into asset conditions, enabling data-rich underwriting decisions that are aligned with the real-world performance of energy systems—making Asset Performance analytics a key enabler of underwriting precision.
Asset Performance Integration Strengthens ASR’s Underwriting Vision
As a Pan-African re/insurer, ASR’s mission has always been to provide insurance solutions built specifically for Africa’s needs. With the incorporation of APP’s analytics, ASR is enhancing its underwriting framework through Asset Performance insights, ensuring more accurate and equitable coverage for energy operators.
The integration of APP’s data capabilities enables ASR to:
Make real-time underwriting decisions informed by operational metrics
Utilize predictive risk scoring models to fine-tune premium pricing
Customize deductible structures and coverage terms based on real risk exposure
Support de-risking of clean energy investments and innovations across Africa
Incorporating Asset Performance data ensures that ASR’s coverage reflects the unique realities of each energy project—whether in established oil fields or remote solar developments.
Clients Benefit from Asset Performance-Driven Pricing
The ASR-APP partnership will significantly improve how risk is priced and how deductibles are structured. By leveraging Asset Performance insights, ASR will reduce underwriting uncertainty, enabling it to offer clients more accurate, flexible, and competitively priced policies.
For energy companies, this means:
Lower premiums aligned with actual operational risks
Better coverage terms adapted to site-specific conditions
Reduced deductibles, helping lower costs when claims are filed
This is especially transformative for upstream oil and gas projects or emerging renewable ventures that previously struggled to obtain adequate insurance at viable rates.
Building a Knowledge Base with Asset Performance Metrics
Beyond underwriting, the alliance will also power the development of an extensive database of APP risk metrics, spanning multiple geographies and energy sectors. This knowledge base will drive improvements across:
Long-term underwriting models
Reinsurance treaty negotiations
Capital and risk modeling strategies
The combination of APP’s data with ASR’s actuarial and claims expertise sets the foundation for a next-generation, performance-driven energy insurance platform—one that meets both regional demands and global expectations.
Asset Performance Powers a New Era of Energy Risk Innovation
This partnership is more than a tech integration—it’s a strategic transformation. As African economies continue investing in energy infrastructure, the demand for smart, data-informed risk transfer solutions will accelerate.
Through Asset Performance technology, ASR positions itself at the forefront of energy insurance innovation. It’s a model for how underwriters can adapt in regions where historical loss data is scarce and emerging energy technologies demand new forms of risk evaluation.
Conclusion: Asset Performance and ASR Drive the Future of African Energy Insurance
The partnership between Africa Specialty Risks and Asset Performance Partners is a powerful example of how real-time data analytics can elevate energy insurance standards. By embedding Asset Performance tools into its underwriting process, ASR is setting new benchmarks for how insurers assess risk, price policies, and deliver long-term value to clients.
As energy markets grow more volatile and complex, ASR’s collaboration with APP ensures it remains agile, insightful, and client-focused—ready to meet the next wave of insurance demands in Africa and beyond.
