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.

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?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

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 © 2024 ALM Global, LLC. All Rights Reserved.