energy insurance
Insurers shift focus to more specific climate-related issues
Insurers shift focus to more specific climate-related issues
Sustainability-focused frameworks in underwriting practices have grown by 120% since 2022.
APAC emerges as leader in renewables insurance
RE is projected to account for 45% of global electricity generation by 2030.
Renewable energy insurance market to hit $23b by 2028
The market will reach $18b in 2024.
Will low premiums persist in offshore energy insurance?
Neither frequency nor severity of claims significantly impacted market capacity.
Insurance scrutiny intensifies on coal, wildfire risks
However, power Industry business interruption sectors see improved pricing.
Are insurers ready for solar power's rapid growth?
Solar PV systems are attracting over $500b in investments in 2024.
Can renewable energy growth continue amidst rising insurance risks?
Alternative energy assets often lack the quality needed for long-term sustainability.
HDI Global debuts energy unit for full coverage
Franz Adamczyk will lead the new unit.
Insurance sector to capitalise on $54b BESS investment by 2024
Renewables could generate $237b in premiums by 2035.
Skills shortage found in insurance’s renewable energy market
Overall profitability challenged due to variable results within different energy classes
Insurance patents for clean energy, carbon capture surge
Patents for clean energy insurance rose from 1,537 in 2014 to 3,004 in 2023.
Pressures mount for less desirable energy insurance placements
Industry experts eye offshore investments as most attractive, yet more expensive.
How the Asian energy insurance sector is making moves despite shifting demands
NOCs will still explore oil & gas options, but some investments will be directed at renewable projects.