As the LED market matures, being able to guarantee high performing products has become more important than ever. Wholesalers as well as project owners and financiers make rising demands on quality and reliability. A LED product performance insurance puts LED products on a whole new level. As a result, it brings security and credibility to a market traumatized by cheap and untrustworthy products.
Being insurable has invaluable advantages for manufacturers and distributors – revealing the right certificate reassures customers of product quality. The LED insurance sets a new standard and therefore will become the necessary requirement of the future.
gain the ultimative competitive advantage
increase the chance of being awarded the contract
define yourself by quality instead of price
Being insurable has invaluable advantages for manufacturers and distributors – revealing the right certificate reassures customers of product quality. The LED insurance sets a new standard and therefore will become a decisive differentiating factor for producers and distributors – and as a result the necessary requirement of the future.
The LED performance insurance covers total failure and two major performance risks for customers and financiers: lumen maintenance and color shift. If lumen output drops below 80% or the color in a single contiguous visual space differs more than 3 points within 5 years, the LED insurance is triggered.
Competing in a fast growing and innovative market, LED producers and distributors are confronted with various capital issues, such as the high level of financial strength required by tenders in addition to high financing costs for innovative technologies.
Therefore, performance insurability offers the solution for market credibility and financial issues by adding the insurer’s balance sheet to the producer’s.
Cooperating with one of the world’s leading international reinsurance companies, LEDs Insure guarantees a smooth process. The certification process covers 4 quality parameters, those being photometric, electrical, environmental and maintenance parameters.
The global LED insurance concept is backed by the International Solid State Lighting Alliance (ISA) and the Chinese Solid State Lighting Alliance (CSA), representing almost all of the SSL community’s major players. In addition to 70% of the global LED production capacity, respected and leading personalities of the LED industry support us with knowledge.
Prof. Zhang of the University of Delft is one of the leading SSL experts worldwide. He contributed significantly to the establishment of the joint venture and is chairman of the advisory board. From 2005-2009 he was senior director of technology strategy for Philips Semiconductors, before he became SSL research fellow for Philips in Eindhoven.
Ling Wu is Secretary-General (from 2004) of the Chinese SSL Industry and Innovation Alliance (CSA), Director of the LED R&D program office of Ministry of Science and Technology, President (from 2012) of the Chinese State Key Laboratory of Solid State Lighting, and furthermore President (from 2015) of China Advanced Semiconductors Alliance (CASA). She was elected as the first Chair of ISA in 2010. Ling Wu has been playing a leading role not only for China’s SSL development, but most of all for a sustainable and healthy global SSL development.
Ruisheng Yue has been ISA’s secretary general since 2011. Between 2009-2011 he was the executive deputy director of the national project office of the China-EU Biodiversity Project, the director of the national project office of GEF’s Yangtze River Flood Project, Biodiversity Partnership Project and furthermore the Household Air Conditioners Efficiency and Energy Conservation Project.
Stefan Beiten has seen great international success for more than 20 years as a serial entrepreneur and investor with the Argo Ventures Group. After studying law and history at the universities of Munich and Berlin as well as UCBerkeley, Stefan Beiten worked as a lawyer and investment banker worldwide, including London, Berlin and Los Angeles.
c/o Argopreneurs GmbH
Potsdamer Platz 1
c/o International SSL Alliance
Room A1719, Tower A, Top Electronic
No.3, Haidian Avenue, Haidian District
Beijing 1000800 P.R. China