ABOUT NRI MEET THE TEAM NEWS AND EVENTS RESOURCES CONTACT US Our History NRI’s heritage in the UK is tied to the birth of the civil nuclear power industry. Today, we represent one of the largest single blocks of nuclear insurance capacity in the world. 1950s The mid-1950s saw the birth of the civil nuclear age. With the rise of civil nuclear energy came the call from the industry, UK and foreign governments to insure the associated risks. Insurers found themselves facing two problems: how best to provide cover for the emerging industry, and how to provide protection for the public without exposing balance sheets to potentially catastrophic losses. To provide adequate insurance for the civil nuclear energy industry, it was recognised that the insurance market had to do things differently. The sheer nature and size of the potential risk meant it was beyond the resource of any one national insurance market or individual insurer to provide complete protection. To best address the unique insurance needs of the civil nuclear industry, NRI’s model centres on the ‘pooling’, or grouping, of capacity by many insurers (known as members) to allow the underwriting of nuclear risks. Click Here Terms and Conditions Privacy Policy © 2020 NUCLEAR RISK INSURERS LIMITED AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY | FIRM REF NO 311907