X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

For producers and carriers looking for opportunities in the energy sector, one word sums up where a lot of the growth is occurring: alternative. Thanks to critical tax incentives, investments are flowing into the energy sector and construction has ramped up. Jobs are returning. And many industry observers believe today’s construction and production activity around alternative energy is just the forward edge of a trend that will continue for decades.

Still, the growth occurring in the renewable-energy sector is accompanied by new risks for insurers with which to test their underwriting skills.  A large portion of renewable-energy companies submitted to insurance companies are brand-new entities that don’t have an operating past, and much of the technology being used is also new and untested—at least in comparison to the tools used in fossil-fuel extraction and production. And in the Energy game, there are no small losses.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Dig Deeper

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.