Lloyd’s of London coverholder, Kita, a specialist InsurTech focused on carbon insurance, has announced its expansion into Australia.
This move builds upon its existing coverage for buyers and investors domiciled in the UK, USA, Canada, Switzerland, Singapore, and the EU/EEA, according to FF News.
Kita’s expansion is driven by the increasing demand for carbon market solutions in the APAC region.
With Australia emerging as a key player in the carbon markets, the company aims to provide critical insurance products that mitigate risks and facilitate investment in carbon projects.
The firm operates at the intersection of insurance and carbon markets, offering a range of bespoke carbon insurance solutions.
Its products are designed to address the evolving risks and opportunities in the sector, ensuring that carbon credit transactions are safeguarded against various adverse outcomes.
The company’s insurance solutions enhance trust in carbon markets by providing financial security and signalling quality to investors. By reducing risk exposure, Kita’s products help carbon market participants attract greater and more consistent capital flows, enabling them to scale their impact more effectively.
With the addition of Australia to its coverage, Kita strengthens its foothold in the APAC region, where carbon market activity is gaining momentum. The move aligns with the company’s strategy of expanding into jurisdictions with growing demand for reliable carbon insurance solutions.
Kita’s managing director of insurance, James Kench, said, “Australia is a key and growing sector in the carbon markets and Kita is delighted to bring our innovative insurance solutions to the region.”
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