Question ID: 1813
Regulation Reference: (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Article: 130
Status: Final
Date of submission: 13 Jun 2019
Question
Which line of business should insurance covering an offshore wind farm be assigned to?
If the wind farm can be classfied as a vessel, then it would appear the Marine, aviation and transport insurance line of business is most appropriate. Is this interpretation correct?
We note that oil and gas offshore platforms are specifically mentioned in Article 130 (3) and so are assigned to the Marine, aviation and transport insurance line of business. This implies that a platform, which has many charactersitics in common with an offshore wind turbine, is classified as a vessel.
EIOPA answer
Please refer to Q&A 1451 of 06-May-19.