energy insurance
Aon launches low carbon framework to guide insurers in energy transition
Aon launches low carbon framework to guide insurers in energy transition
Battery energy storage systems are expected to generate over $1b in GWP by 2027.
Energy and power insurance to reach $10.2b by 2029
Significantly, Asia-Pacific is expected to post the fastest growth.
Tokio Marine GX backs new insurance for nuclear fusion risks
The initiative aims to ensure insurance frameworks and capacity are in place.
Solar insurance market to reach $13.8b by 2034
Demand for such policies has grown amidst more frequent extreme weather events.
Tokio Marine leads initiative to boost Japan’s offshore wind
Japan aims to reach 30GW to 45GW of offshore wind capacity by 2040.
Electric energy insurance market to hit $4.97b by 2029
Asia-Pacific is forecast to record the fastest growth in the coming years.
Generali China Insurance uses drones to improve solar plant coverage
Quantified Energy’s drones use electroluminescence imaging to spot hidden defects.
Willis report shows power insurers cut premiums as capacity returns
Appetite is strong for infrastructure projects in Indonesia, Vietnam and the Philippines.
Canopius Group appoints Ray Wong as APAC energy underwriter
Wong will be based in Singapore and report to Johnny Kim.
Nuclear energy gains traction with insurers on project risks
Insurers are pushing for customised products that better fit these risks.
Energy insurers report $2b in claims as rates continue falling
Due to increased capacity and competition, particularly in local and int’l markets.
Hydrogen projects drive insurance premiums past $3b by 2030
In APAC, hydrogen is gaining traction as part of the region’s clean energy shift.
Guy Carpenter names Hakes global head of Marine, Energy and Technical Lines
He has over two decades of experience in the industry.
Asia-Pacific insurers expand capacity for sound green projects
APAC contributed about 421.5 GW of new renewable capacity over the past 10 years.
Singapore-based petrochemical conglomerate secures $350m cover from ICIEC
The Islamic Development Bank (IsDB) Group is also investing $150m.
Chaucer adds Emily Brand to energy team in Singapore office
Brand will report to Scott Ho, who leads the energy underwriting.
Why renewables remain a challenge for insurers
The market has a mixed record of delivering profits to insurers.
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1. India insurance market sees moderating premium growth: Report 2. Singapore’s non-life insurers see growth as offshore business expands 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Remote job demand in Singapore insurance rises 15.3%Resource Center
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AI isn’t replacing insurance, it’s finally making it work