Policy approval for CORSIA under Verra

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How to submit an insurance policy to support Verra carbon credit eligibility for CORSIA

 

In August 2025, Howden was appointed by Verra, the leading standards setter for climate action and sustainable development, to approve insurance policies that support the eligibility of carbon credits for CORSIA – the global decarbonisation scheme for international aviation. Read more. 

 

Insurers wishing to submit a policy for review should follow the instructions below:

  1. Review Verra's CORSIA criteria ('the Criteria')

  2. Ensure that the policy wording and supporting documents meet the Criteria

  3. Email [email protected] with your intention to submit

  4. Agree to Howden's T&Cs and engage them for the service

  5. Complete submission form and send policy wording, templates and supporting documents to Howden

  6. Howden to review the information and evaluate compliance with the Criteria

  7. If the criteria are not met, Howden to provide feedback to the insurer. If the criteria are met, Verra to add the approved provider to a publicly available list on the Verra website.

  8. Approved policies to undergo re-assessment annually and following any material change to the Criteria.

* Insurers wishing to challenge the outcome of the evaluation, should follow this process.

Process for seeking approval_Verra

Information for insurers

For any questions on the process or requirements please contact [email protected]

Please review the following items of reference:

  1. Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) Label Guidance 
  2. Eligible VCUS under CORSIA : CORSIA Pilot Phase (2021-2023), CORSIA First Phase (2024-2026) and Article 6 Authorization  
  3. VERRA criteria  for insurance

Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA)

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Information for project developers and investors

Project developers seek insurance for carbon credits issued in line with CORSIA because it offers a layer of financial and regulatory assurance that enhances the credibility and marketability of their projects.

Political risk insurance, combined with a host country authorisation, is one route for project developers to seek eligibility of carbon credits for CORSIA. It provides protection against the risk of double counting, a strict eligibility requirement for carbon credits.

Products used to support CORSIA eligibility will protect against the risk that a host country government may renege on or reverse a commitment not to claim carbon credits toward their own national target under the Paris Agreement. In such cases, insurers will provide either alternative carbon credits or monetary compensation to support the project developer to replace double-counted credits.  Insurers may also offer policies that mitigate other risks, for instance related to credit invalidation, reversal, or non-delivery.

Approved policies are listed in Verra's Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) Label Guidance.

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About Verra

Verra is a global leader helping to tackle the world’s most intractable environmental and social challenges. As a mission-driven nonprofit organization, Verra is committed to helping reduce greenhouse gas emissions, improve livelihoods, and protect natural resources by working with the private and public sectors. We support climate action and sustainable development with standards programs and tools that credibly, transparently, and robustly assess environmental and social impacts and enable funding for sustaining and scaling up projects that verifiably deliver these benefits. Read more