Casava has partnered with Rivy to introduce what they describe as Nigeria’s first dedicated renewable energy insurance product for small and medium-sized enterprises (SMEs).
The new offering is designed to protect SMEs investing in solar power systems, addressing risks such as theft, vandalism, accidental damage, and logistics-related losses. The insurance product is embedded directly into Rivy’s clean energy financing platform, enabling digital enrollment, instant policy issuance, and streamlined claims processing.
The launch comes amid rising electricity tariffs and persistent power supply challenges in Nigeria, where more than 85 million people lack reliable access to electricity. As businesses increasingly shift from diesel generators to solar solutions, stakeholders say risk mitigation mechanisms are essential to accelerate adoption.
Under the partnership, coverage includes solar panels and inverters, along with end-to-end logistics and delivery protection during transportation and installation.
Casava, a licensed digital microinsurance provider, stated that the initiative aims to de-risk clean energy investments for SMEs, strengthen confidence in solar adoption, and position insurance as a critical enabler of climate resilience and ESG-aligned infrastructure in Nigeria.
The companies said the collaboration is expected to support Nigeria’s broader clean energy transition by making renewable energy systems more financially secure and accessible for businesses.
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