NRI Annual Review 2025 - Flipbook - Page 7
A collaborative article by NRI’s:
Michele Chiamenti,
Underwriting Manager
Simon Wilcock,
Construction Development
& Senior Underwriter
Dougie Burt,
Technical Manager
In the ever-evolving landscape of
the nuclear industry, Nuclear Risk
Insurers remains at the forefront,
adapting its offerings to meet the
dynamic needs of our clients. As
the industry undergoes significant
transformations, NRI is committed
to providing innovative insurance
solutions that address emerging
challenges and opportunities.
Adapting to new technologies
The nuclear sector is witnessing a
resurgence, driven by the development
of new technologies such as Small
Modular Reactors (SMRs), Advanced
Modular Reactors (AMRs) and their
supplied advanced fuels. These
innovations promise to revolutionise
power generation by offering more
flexible, scalable, and efficient solutions.
We recognise the importance of
these advancements and are actively
enhancing our capabilities to support
the deployment of these technologies.
By closely monitoring the progress
of SMR designs and maintaining a
proactive stance, NRI ensures it is wellpositioned to advise and protect our
clients as these technologies mature.
Expanding product offerings
Our commitment to meeting customer
needs is evident in our expansion
of product offerings. While we have
long provided policies for nuclear
facilities, we are now broadening our
focus to include emerging areas such
as SMRs, AMRs, and their associated
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NRI’s collaborative
approach, working
alongside other
insurance companies
and regulatory bodies,
ensures that our clients
bene昀椀t from a holistic
understanding of the
industry’s challenges
and opportunities.
technologies. Additionally, we are
exploring opportunities in fusion
energy and marine propulsion.
This diversification reflects NRI’s
understanding of the broader nuclear
ecosystem and its readiness to provide
comprehensive coverage across
various facets of the industry.
Leveraging expertise
and collaboration
A key strength of NRI lies in our
ability to leverage our deep expertise
and collaborate with industry
stakeholders. The team of underwriters
and nuclear engineers are globally
recognised for their knowledge and
leadership. This expertise allows us to
offer tailored solutions that address
the unique risks associated with
nuclear operations. Furthermore,
NRI’s collaborative approach, working
alongside other insurance companies
and regulatory bodies, ensures that
our clients benefit from a holistic
understanding of the industry’s
challenges and opportunities.
