In October 2023, Lloyd’s Capital Planning Group granted in-principle approval to Oka, a syndicate-in-a-box (SIAB) offering an insurance solution for carbon credits. Oka offers a first-of-its-kind carbon credit insurance solution, Carbon Protect™, providing buyers with financial compensation innthe event of unforeseeable and unavoidable post-issuance risks. That means that companies have assurance that their purchase is safe as any carbon emissions which leak or are re-emitted through accidental damage, fire etc will receive indemnity.

Read the case study on page 17 of the report.