Mitigating the storm - Insurers role in renewable energy risk management

More than 100 countries committed to triple global renewable energy capacity by 2030 at the COP28 conference in Dubai. But the rapid growth of renewables will exacerbate challenges that developers and manufacturers in the sector are already facing, such as supply chain constraints, permitting delays and rising costs of materials. This is in on top of risks caused by unprecedented extreme weather in regions globally; geopolitical risks; and the challenges associated with the new technology needed to accelerate the growth of renewables.

We talk to GCube Insurance about which risks have caused the biggest losses for renewable energy companies, and how they can be mitigated. We also talk about how the risk profile for renewables companies is likely to change as the sector grows and the world becomes more unpredictable; and how companies in the insurance sector are responding now and are likely to react in future.

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