Renewable energy insurers remain optimistic despite challenges, as the industry adapts to support the transition to a net-zero future, according to a report by WTW.

“One of the biggest challenges we face in the energy transformation is increasing our expertise in the new technologies that come with it … Learning about the risks and specificities of these new technologies is crucial for both the industry and its insurers.”

“I think most insurance companies have learned it’s not quite as simple as putting up a line and nothing ever breaks. But it’s an incredible opportunity, and it’s going be a growing part of insurance companies’ books.”

The transition to renewable energy is well underway, and insurers are working to help the sector overcome its growing pains.

The challenging build-out of renewable energy infrastructure is at an inflection point as a surge of new ideas and investment promises to keep the sector’s momentum going.

“We work closely with our clients to assess their risks and implement loss prevention measures, such as improving building resilience and developing comprehensive business continuity plans. By taking a proactive approach to risk management, we aim to minimize the impact of natural catastrophes on our clients’ operations and bottom line.”

Aviation’s shift to sustainable fuels will depend on a diverse combination of strategies demanding major investment — including backing by insurance.

Amid a challenging property insurance market, the renewable energy space is showing a growing appetite for capacity and resilience solutions.

The increasing size of wind turbines is perhaps the most striking change the industry has seen in recent years. In the past 20 years, they have almost quadrupled in height, from around 230 feet to around 853 feet — nearly three times taller than the Statue of Liberty.

When it comes to offshore wind power, several risk and insurance factors should be reviewed, from installation and repair costs to maritime law constraints.

CAC Specialty broker Courtney Cassidy shares her brokerage journey and how her passion for a clean energy future is fueling her work today.

Rising Star Allie Eans sat down with Risk & Insurance to discuss her introduction into brokering renewable energy.

The renewable energy marketplace is on an exciting trajectory, and McGriff’s Todd Burack embraces his role in helping companies work through the challenges of the evolving sector.

How Ten Eyck Group’s Greg Barcomb helped a triple-bottom-line climate technology company secure a triple win in New York City.

This year, 6 brokers from across the brokerage field were named as the 2023 Renewable Energy Power Broker winners. An additional four brokers were named as finalists.

A newly released report by GCube looks at how the renewable energy sector will fare with the potential of frequent Nat CATs.

Battery storage losses continue to cause concerns to insurers. There have been several major losses already this year.

This year, six brokers from across the brokerage field were named as the 2022 Renewable Energy Power Broker winners. An additional five brokers were named as finalists.

Soaring losses have underwriters raising rates while backers insist on greater coverage. Developers are caught in the middle. 

Six commercial insurance brokers in the renewable energy sector were named 2021 Power Brokers.