NRI Annual Review 2026 - Flipbook - Page 17
Partnerships enabling
maritime nuclear
Building con昀椀dence through
risk management
As maritime nuclear moves closer to
commercial reality, insurance will play
an increasingly important role. Investor
confidence, project financing and operational
certainty all depend on the availability of
appropriate risk transfer mechanisms and
clearly defined liability frameworks.
Maritime nuclear spans several traditionally
separate insurance markets, including
nuclear liability, marine, offshore energy
and protection and indemnity. Existing
nuclear liability conventions and maritime
insurance frameworks were developed largely
independently. One of the sector’s key tasks
will be identifying how these systems can
interact in a way that provides certainty for
operators, investors, ports and coastal states.
risk assessment and emerging nuclear
technologies, NRI is helping ensure that
insurance considerations are incorporated
alongside regulatory and technical
development.
By helping bring together stakeholders from
across the nuclear, maritime and insurance
sectors, NRI is supporting the development
of frameworks that provide confidence for
investors, operators, regulators and the
wider public.
Maritime nuclear is no longer a question
of whether the technology can work. The
technology already exists. The challenge now
is building the regulatory, legal, insurance and
public confidence frameworks required for
commercial deployment. Progress over the
last two years suggests that work is already
well underway.
This is where NRI has an important role to
play. Through its expertise in nuclear liability,
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