Kita

🎁 Hey Santa, need delivery risk insurance? Give Kita a call! 🎁 What a year for Kita! As we look back on 2024 and prepare for 2025, we are proud to say: 1️⃣ We’ve significantly developed our range of insurance products and services; we started the year with two insurance policies available to clients (delivery risk and early-stage counterparty risk), and we're ending the year with four insurance policies (adding Buffer Depletion protection for Carbon Standards and Political Risk Insurance) plus a comprehensive suite of risk advisory services (https://lnkd.in/e9pjGWMy) 2️⃣ We’ve expanded the locations where we can operate – scaling into Singapore, Switzerland, the EU and the US 3️⃣ Our excellent team has spoken with hundreds of people across the market, and assessed a whole bucketload of risks, making Kita extremely experienced in guiding clients through their deal structures (find out more about our stats in relation to how much risk we have assessed: https://lnkd.in/euBWXq-v) 4️⃣ Our deal size has increased significantly, with new deals coming our way increasingly topping the 9-figure mark (a positive sign of increasing institutional finance interest in the market) 5️⃣ Carbon insurance has shifted from a ‘what is that?’ to a ‘must have that!’; increasingly being written into deals as a requirement The above is just a smattering – the reality is too long for the LinkedIn word count! And we expect 2025 to be even better…we will be watching closely the implementation of COP outcomes (for example in regards to mandatory aspects of insurance within the Paris Agreement Crediting Mechanism); we will be helping clients proactively identify and mitigate their risks via our new Active Risk Monitoring services; and of course we will be continuing to scale carbon insurance to new heights, with the aim of helping drive finance towards high quality carbon projects across the voluntary, compliance and Article 6 markets. See you next year! #carboninsurance #riskmanagement #carbonmarkets A big thank you to the whole team: Natalia Dorfman, Paul Young, Thomas Merriman, Alex Morgan, James Kench, CFA, Alek Pillay, Melanie Martin, Racheal Notto, Eilís O’Keefe, Renuka Shenoy, Mansi A., Aled Williams

As we approach the end of 2024, we're delighted that Kita CEO and co-founder, Natalia Dorfman, has been recognised as one of the "101 Leading Women in Climate" in Fin-Erth's inaugural Women in Climate Awards. She is in excellent company in the Insurance category, alongside: Ashima Gupta at Renew Risk Ekhosuehi Iyahen at the Insurance Development Forum Holly Roberts-Harry, CFA at Howden Karima Ola at LeapFrog Investments Kelly Hereid at Liberty Mutual Insurance Lucy Stanbrough at WTW Natalia Moudrak at Aon Sarah O'Neill at KPMG Ireland Sarah Russell at X, the moonshot factory The full list can be viewed here: https://lnkd.in/erabSsfZ - it is so inspiring to look through the incredible achievements of all of these women working in the global climate sector. #carboninsurance #unlockingsolutions #finerthawards Serena O. Patrick Keogh

"We've built something that didn't exist before" We are really honoured to be amongst Chaucer Group's Innovation Partners and to be represented in the video below, alongside some other amazing specialty risk innovators who have all recognised an essential gap that insurance could fill and then built the solution. We strongly believe that insurance has the potential to bring about significant positive change - in Kita's case, protecting stakeholders across the carbon markets to help drive growth and scale high-quality carbon projects. #carboninsurance #riskmanagement #carbonmarkets Gaia, Armilla AI, Crown Jewel® Insurance

🌍 Scaling Quality in the Voluntary Carbon Market 🌏 We are looking forward to providing a specialised risk management guest lecture for Renoster's upcoming online course. At Kita, we strongly believe that education, scientific evidence and transparency are key to building a strong, trustworthy carbon market where investment supports high-quality, impactful climate solutions. Find out more about the course below. #carbonmarkets #carboninsurance #riskmanagement

✅ Risk assessment and monitoring for carbon market stakeholders at all stages of the carbon credit lifecycle ✅ Here at Kita, we model risk in ex-ante projects daily as part of our insurance underwriting. Via this process, we have built a proprietary risk model, based on robust data and industry insights, covering a wide variety of projects across the market. We use this data model across our Active Risk Monitoring services to assess projects on a comparative basis, while near real-time monitoring ensures that the risk model is continuously adjusted to provide the most accurate and up-to-date analysis possible. This comprehensive offering provides unbiased, thorough third-party risk assessment to support informed decision-making. Find out more about the services we offer: https://lnkd.in/e8bpFKPN

💡 Understand your risks before they occur 💡 As carbon insurance specialists, we model risk every day as part of our insurance underwriting. After 3 years, we've built a wealth of internal data points and we have risk assessed thousands of projects across the market. All of this data enables us to develop insurance products and services that are built on extensive due diligence, scientific data and in-depth understanding of the market. What does this mean for our clients? ✒️ Tailormade insurance policies that respond to the specific needs of all carbon market stakeholders 📊 Objective, cost-effective assessment of project risk and insurability 🏅 A stamp of confidence on carbon transactions 🔎 Proactive risk management to mitigate risks before they occur Stay tuned for an upcoming announcement about our comprehensive active risk monitoring provision! Learn more about our risk assessments: https://lnkd.in/eFNDAGe4 #carboninsurance #riskmanagement #carbonmarkets

Earlier this year, we shared a detailed report, co-authored with Miqdaad Versi of Oxbow Partners. The report covered: - Detailed insights from industry leads, including Natalia Moudrak, Nathalie Thong, Hayley Maynard, Ph.D., Tom Graham and others - A summary of the carbon markets, covering both compliance and voluntary, as well as the vast range of different types of carbon removal projects across the sector - The role of insurance, the risks that insurance can help to mitigate and the impact of applying risk management to the carbon markets - The potential size and scale of the insurance total addressable market Over the nine months since we released the report, we continue to see growing interest and investment in insurance solutions. Read the full report here: https://lnkd.in/e7PH2j6T Please do not hesitate to reach out to find out more. #carboninsurance #riskmanagement #carbonmarkets James Kench, CFA, Eilís O’Keefe

🌏 COP29 Catch-Up Part 2 🌏 We're towards the end of the second week of COP29 Azerbaijan. Below, we have picked out a few of the updates that caught our attention. We will be publishing a more in-depth summary in the coming weeks, exploring what the outcomes might mean to the carbon markets and how this relates to the implementation of carbon insurance. - The UK Department for Energy Security and Net Zero issues its Principles for Voluntary carbon and nature market integrity: https://lnkd.in/eyXFVgF7 - International Air Transport Association (IATA), Article 6 Implementation Partnership, IETA and Air Transport Action Group (ATAG) release their Guidance Document for Host countries concerning the issuance of CORSIA Eligible Emissions Units. It outlines the essential steps involved in issuing a Letter of Authorisation (LoA) and applying corresponding adjustments, taking into account the recently adopted operational rules of Article 6 of the Paris Agreement: https://lnkd.in/eKNAH-y4 - Draft text for New Collective Quantified Goal (NCQD) on Climate Change includes a clause that identifies “high-integrity voluntary carbon markets” as an “instrument that mobilises new sources of climate finance and private finance” and calls for the use of global carbon pricing by 2030. - And some bonus news from beyond COP29: Yesterday, the Carbon Dioxide Removal Investment Act (#CDRIA) was introduced to the U.S. Senate. It establishes a new production tax credit worth $250 per metric ton of CO2 removed - the 45BB. It is genuinely tech-neutral but stipulates that durability must be more than 1,000 years. Projects are also required to provide a net-negative lifecycle assessment. Thanks to Sebastian Manhart of Carbonfuture for drawing our attention to this! Find out more in his recent post: https://lnkd.in/eKiEshGS If you have anything to add, please drop a comment below! #carboninsurance #riskmanagement #cop29

🔎 Article 6...CORSIA...Insurance... 🔍 Read on for practical tips on utilising political risk insurance to manage revocation risk. It's COP29 Azerbaijan, aka the “finance COP”, and Kita is discussing how carbon insurance is helping drive finance to scale high integrity carbon markets. In this blog, we highlight how insurance can help scale Article 6 and CORSIA markets by mitigating revocation risk, and how insurance eligibility requirements being adopted by Carbon Standards can be an enabler to these efforts (and how they can avoid being a hindrance). This article is intended for Carbon Standards, Project Developers, Financiers and Regulators who seek to scale these markets. Read the full blog here: https://lnkd.in/gA32w6kA As always, please get in touch with the Kita team to speak further. #carboninsurance #COP29 #CORSIA

🌎 COP29 Catch-Up Part 1 🌍 The opening week of COP29 has featured some big announcements but there reamins uncertainty on many fronts. Take a look below at some of the news that has caught our attention; from Article 6.4 developments to key statistics around the financing required to instigate real climate action. Drop a comment below with any other updates that we should be thinking about! - National Climate Change Secretariat, Singapore, Gold Standard and Verra release initial recommendations outlining progress in the development of a carbon crediting protocol to implement Article 6.2: https://lnkd.in/eGS-QT3j - CMA adopts the decision on Article 6.4 Standards developed by the Article 6.4 Supervisory Body  - The Board of the International Organization of Securities Commissions - IOSCO issued its Final Report on the Voluntary Carbon Markets: https://lnkd.in/exz98BUp. IOSCO outlines a set of Good Practices which are intended to ensure that VCMs are "fair and orderly, economically sound as to pricing and information flow, and structurally resilient". - Carbon Gap draws attention to the MEPs urging for the inclusion of separate and high-integrity carbon removal targets in COP29 resolution: https://lnkd.in/eZwQpt8J - The Transition Credits Coalition (TRACTION), launched by the Monetary Authority of Singapore (MAS) at COP28, published an interim report outlining insights and considerations on the use of transition credits to accelerate the early retirement of coal-fired power plants (CFPPs): https://lnkd.in/gcygF3Sx - UN's Independent High Level Expert Group on Climate Finance, launched its third report on climate finance, identifying that global climate action needs between $6.3 and $6.7 trillion a year by 2030, with $2.4 trillion a year needed specifically for emerging economies: https://lnkd.in/dHbKM4_c - IETA and Article 6 Implementation Partnership (A6IP) launch first-ever business pulse survey to understand corporate views on Article 6 implementation: https://lnkd.in/eQ2QzXYK - UK announces target of 81% emissions cut by 2035: https://lnkd.in/eP8pxeRa. #carboninsurance #riskmanagement #cop29