energy insurance

Neither frequency nor severity of claims significantly impacted market capacity.

However, power Industry business interruption sectors see improved pricing.

Solar PV systems are attracting over $500b in investments in 2024.

Alternative energy assets often lack the quality needed for long-term sustainability.

Franz Adamczyk will lead the new unit. 

Renewables could generate $237b in premiums by 2035. 

Overall profitability challenged due to variable results within different energy classes

Patents for clean energy insurance rose from 1,537 in 2014 to 3,004 in 2023.

Industry experts eye offshore investments as most attractive, yet more expensive.

NOCs will still explore oil & gas options, but some investments will be directed at renewable projects.