Authors: Robert McMillan Kirsten Bonke
The renewables (re)insurance industry remains in its expansionary phase, characterized by a growing industry, sufficient capacity and reasonable profitability for insurers, and a healthy influx of new entrants. Many entrants are motivated by a need to transition their energy account and the need to create a perception they are becoming more "green". This latest whitepaper by Gallagher Re explores the state of the renewable market, identifies key risk factors, and offers innovative risk management strategies that insurers and industry players are adopting.
Readers can expect
- An analysis of key industry risks including project design errors, serial defects, catastrophic weather, and geopolitical threats
- Insights into risk mitigation strategies and industry standards for renewable energy assets
- A discussion on the role of (re)insurers in supporting the energy transition and managing emerging risks
- An overview of Gallagher Re's specialized renewables team, dedicated to understanding market and industry dynamics, sharing expertise, and supporting clients
