CarbonPool and Oka unveil first reversal insurance cover under Verra pilot

Insurance option under pilot enables monetisation of more carbon credits First reversal insurance placement is for Canadian developer Invert Verra CEO: Placement is 'proof' of feasibility and scale of insurance pathway By Rebecca Delaney Oct 14 (The Insurer) — Carbon credit insurers CarbonPool and Oka on Wednesday announced the first insurance placement under Verra's durability pilot, marking the first use of external risk transfer by project developers as an alternative to buffer pool contributions. Carbon credit project developers have been required to allocate a portion of their credits to Verra's buffer pool as collateral ​against reversal risk. Reversal occurs when carbon previously credited as stored or avoided is unexpectedly re-released into the atmosphere, with affected issued credits requiring replacement. Credits contributed to a buffer pool cannot be sold or financed. Under the pilot, which was launched in December 2025, projects can substitute this contribution with insurance cover or a fund-backed structure. CarbonPool co-founder and chief operating officer Nandini Wilcke previously described the insurance pathway as a "no-brainer" because it shifts ‌the risk external