Implications for insurance
Duration: 60 minutes
Following the goals of the Paris Agreement, the installation of renewable energy sources will further increase in the upcoming decades. Newly added production capacity will mainly come from on- and offshore wind power and from solar PV, which are significantly more vulnerable to extreme weather events than conventional power plants. Besides, the rapid technological evolution and the implementation of new models entail a number of risks which cannot be deduced from historical data.
This involves new challenges for the insurance industry and requires a thorough risk assessment during underwriting. The webinar outlines the implications for insurance and provides loss examples combined with recommendations for underwriters when assessing wind or solar PV assets.
Status and fundamental changes in the power generation landscape
- Resulting new risks
- Implications for insurance
- Loss examples, risk assessment and underwriting for renewable energies
- Alternative risk transfer solutions