As traditional carriers tighten their portfolio exposure, new solutions are needed to manage and underwrite risk in the rapidly growing renewable energy industry. (Credit: Edelweiss/AdobeStock) As traditional carriers tighten their portfolio exposure, new solutions are needed to manage and underwrite risk in the rapidly growing renewable energy industry. (Credit: Edelweiss/AdobeStock)

The shift to a decarbonized economy is the largest macroeconomic revolution of our generation, and insurance has a significant role to play in securing its future. This will require creative and data-driven approaches to effectively price, manage and ultimately mitigate the new risks of the clean energy asset class.

Today, renewable energy insurance has a talent gap and tends to be underwritten by property underwriters and/or energy underwriters. But as a specialized asset class, renewable energy has its own unique loss profiles and technology developments that do not mirror other commercial property or energy assets.

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