Making submarine cable projects insurable and bankable
Primo Risk & Control´s international specialist advisors are bringing together the worlds of Insurance, Finance, Engineering, Manufacturing and Construction in a unique and interdisciplinary way.
Primo Risk & Control´s singular approach is to control CAPEX & OPEX throughout the project´s lifetime based on a state-of-the-art risk model.
This model for risk reduction and informed decision making in all phases of the project is the pathway to insurable and bankable projects.
Our analytical proprietary software CAERUS is based on 20 years of work in the subsea cables sector and quantifies the risk factors inherent in subsea cable projects.
CAERUS evaluates over 2,000 project parameters against established (solid, modern) industry practice and lessons learned, providing a comprehensive project risk score that highlights the key areas for improvement, risk mitigation and risk reduction. CAERUS identifies a route to bankability and insurability.
Our ENGINEERING colleagues from PRIMO MARINE
are the subsea cable industries´ experts with a
wealth of knowledge and vast experience based
upon:
20 years of experience & lessons learned
250 projects of subsea cable installation and burial completed
This knowledge and practical experience from working and developing subsea cable projects from design to operation in the harsh offshore environment represents the second differentiator in our work guiding to better engineered projects. We are the first to combine cable engineering, cable insurance and project finance industry knowledge into a single solution.
Interactive project data visualizations using our CAERUS risk software
Upfront engineering evaluation incl. engineering based risk profile
Achieve insurability on desired level (from LEG II to LEG III)
Bring insurance premiums under control
Achieve project finance lender requirements
Insurance Representation during the full lifetime of the cable: manufacturing, installation, maintenance & decommissioning
Independent claim reviews
Insurance Companies
Project Finance Developers
Lenders/Private Equity
Financial Institutions
Offshore Wind Developers
Interconnector Developers
Transmission System Operators
Cable System Owners
OFTO´s
EPCI & BOP Contractors
Primo Risk & Control B.V.
Wijnhaven 21
3011 WH Rotterdam
