onRisk presents its new Recycling Insurance

onRisk, together with Hübener— a German insurer specialising in this type of risk— presented the Recycling Insurance product last 4 March in Madrid. This is a highly sought-after product with strong uptake in various European countries.

The launch of the Recycling Insurance, aimed at any company in the sector, was very well received, with the participation of leading brokers specialising in large-scale industries.

Arturo Delgado, Managing Director of onRisk, stated: “This agreement marks another step in our more than thirteen-year journey as a specialised risk underwriting agency, and it reflects our commitment to growth and portfolio expansion through flexible solutions, as outlined in our Strategic Plan. Through this solution, we are pleased to contribute to strengthening the protection of companies in this key industrial sector, which is essential for meeting Spain’s environmental commitments”.

For his part, Nicholas Hübener, CEO of Hübener, explained: “We are aware of the challenge this commitment entails, but there is a reason why we are the only specialist recycling insurer in Europe. True to our philosophy, we are making available to this industry, which key to the circular economy and to meeting environmental goals, the valuable experience we have gained in other countries”.

According to the Spanish Federation for Recovery and Recycling (FER), Spain’s recycling sector is made up of more than 5,000 companies that create over 35,000 direct jobs, and whose turnover exceeds 1% of gross domestic product.