The aim of the co-reinsurance pool Assuratome is to facilitate the insurance activity of their members in the field of nuclear energy for peaceful purposes.
The reinsurance capacities Assuratome can make available are made out of the domestic capacities offered annually by their members plus the capacities provided by foreign pools.
The reinsurance conditions are ruled by 2 conventions Assuratome’s members adhere to:
- Co-reinsurance convention for nuclear risks in respect of Third Party Liability and Material Damage
- Co-reinsurance convention for nuclear risks for Personal Accident
ASSURATOME is not entitled to issue insurance policies, which are issued by the member insurers, ceding entirely the risks to Assuratome. The risks insured can be INB-installations (Basic Nuclear Installations), ICPE-installations (Registered Installations in respect of Environmental Protection) holding or using nuclear substances, or other type of installations or industrial, medical or research equipment, containing or using radioactive sources subject to the control of ASN (the French Authority for Nuclear Safety) or by the local state authority (Prefect).
The co-reinsurance extends to the principal branches of non-marine insurance:
- Third Party and Transport Liability
- Material Damage and Business Interruption
- Construction all risks and Erection all risks
- Construction all risk for decommissioning/dismantling operations
- Personal accident insurance
Special risks
The French nuclear risk insurance market, on its own, does not have sufficient financial capacity to cover all the amounts required by the operators.
To meet these needs, however, Assuratome relies on the capacities of its foreign counterparts, the list of which is given below:
- American Nuclear Insurers (A.N.I.)
- Espanuclear (Aseguradores de Riesgos Nucleares a.i.e)
- Atomic Mexican Pool
- B. V. Bureau van de Nederlandse Pool voor Verzekering van Atoomrisico’s
- Bulgarian National Nuclear Insurance Pool (Energy Ins. Co. Ltd)
- China Nuclear Insurance Pool (C.N.I.P.)
- Croatian Nuclear Pool
- Deutsche Kernreaktor-Versicherungsgemeinschaft (D.K.V.G.)
- Hungarian Nuclear Insurance Pool
- Japan Atomic Energy Insurance Pool (J.A.E.I.P.)
- Nordic Nuclear Insurers (N.N.I.)
- Nuclear Energy Insurance Pool of the Republic of China (N.E.I.P.R.O.C.)
- Nuclear Insurance and Reinsurance Pool
- Nuclear Insurance Association of Canada
- Nuclear Risk Insurers (Europe) Limited (N.R.I.E)
- Pool Suisse d’Assurance contre les Risques Nucléaires
- Romania Pool for the Insurance of Atomic Risks
- Russian Nuclear Insurance Pool (RNIP)
- Slovak Nuclear Insurance Pool
- Syndicat Belge d’Assurances Nucléaires (S.Y.B.A.N.)
- The Czech Nuclear Insurance Pool Office
- The Korea Atomic Energy Insurance Pool (KAEIP)
- The South African Pool for the Insurance of Nuclear Risks (SAIA)
- Ukrainian Nuclear Insurance Pool (U.N.I.P.)
