How Much Does It Cost To Insure a Nuclear Power Plant?
•by Andreas Spath
What are the potential financial consequences of a disastrous accident at a nuclear power plant? And how much would an insurance company charge to cover the risks involved in operating such a facility?
These are the questions the German Renewable Energy Federation asked Versicherungsforen Leipzig, an independent organization providing research services to the insurance industry, to answer. The results of the study, conducted by insurance management experts and actuarial mathematicians and commissioned before the Fukushima disaster in Japan, have recently been made available in English.
Asked to calculate an adequate risk-adjusted insurance premium to cover the damage resulting from a major “total meltdown” accident at a nuclear reactor, the researchers accounted for potential losses due to human fatalities and injuries, loss or damage to property and environmental damage.
They based their estimates on comprehensive research and a detailed review of the available literature and evaluated, among other things, the probability and extent of the damage and weather parameters. According to their report, “conservative assumptions were made to determine the amount of damage and the likelihood of its occurrence.”.... see on http://www.thivest.com/?page=1
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