Casava and Rivy Launch Clean Energy Insurance for SMEs

In Short

• Casava has launched clean energy insurance products for Nigerian SMEs.
• The products were built in partnership with rivy.
• The goal is to insure renewable energy investments such as solar installations and other business power equipment.

What Happened

Casava has launched new clean energy insurance products in Nigeria, focused on small and medium-sized businesses. Casava is positioning the product as protection for SME renewable energy investments, which can include solar panels, inverters, batteries, and related equipment.

The company partnered with Rivy to roll out the offering. In practice, this looks like bundling insurance with financing or procurement for clean energy assets, so a business can reduce the risk of losing its investment if something goes wrong.

Insurance in this context is a risk cover, meaning the insurer pays out under specific conditions like damage, theft, or other covered events. For SMEs that rely on alternative power to keep operations running, this is meant to reduce the financial shock when equipment fails or is lost.

Why It Matters

For many Nigerian SMEs, power is a core operating cost, and clean energy systems are often funded upfront or through repayment plans. When a solar system gets damaged or stolen, the business can be left with downtime and a repayment obligation.

A dedicated clean energy insurance product can make renewable energy adoption easier by reducing lender and buyer risk. It can also support more credit access for energy assets, because financiers tend to prefer assets that are insured.

This launch adds to a growing market where fintech and insurance partnerships are packaging financial services around real business needs. If adoption grows, it could encourage more SMEs to shift from diesel and petrol generators to solar and battery-based power systems.