Industry Segments: Renewables Page 1 / 3
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- October 14 2024
Secondary perils are the risk of the future: Munich Re’s Serene Chan
The reinsurer’s new Greater China P&C head discusses pricing trends, shift to non-proportional, cyber appetite and need for model robustness.
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- October 11 2024
BESS-wary markets look for leadership to bind risks
Renewables specialist GCube's CEO says the market has to facilitate insurance on a more consistent approach as more projects appear around the world.
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- October 8 2024
Asian power insurance sector sees a return to ‘buyers’ market’: WTW
Renewal rates outside China are seeing a reduction of up to 10% for well-managed assets and rates are expected to further soften over the next 12 months.
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- October 2 2024
Reinsurers’ risk insights, modelling vital to taming escalating nat cat losses: Swiss Re
Besides providing capacity, the reinsurer's expertise and insights on risks related to climate change and renewable energy are key to its collaboration with insurers in limiting nat cat losses, says Victor Kuk.
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- September 27 2024
Q&A: Sustainability considerations a key theme for Asean carriers, says Malaysian Re’s Azhari
The Malaysian reinsurer’s president and CEO Ahmad Noor Azhari lays out the regional insurance landscape and charts the carrier’s strategic ambitions in an exclusive chat with IAN.
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- September 12 2024
Data crucial for Asia’s renewable drive as offshore wind power gains momentum
With the region prone to nat cat risks such as earthquakes and typhoons, demand for data is rising as (re)insurers are looking to better understand the risk profiles of the growing numbers of renewable projects such as offshore wind farms.
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- August 22 2024
In-depth: Can insurers’ risk appetite keep pace with APAC’s ambitious energy transition?
With uncertainties around new technology, an underwriting base prone to knee-jerk reactions and an eye still on conventional energy, insurance has a long way to go before it fulfils its responsibilities.
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- August 21 2024
HDI Global targets bigger market share in Asia, further regional ANZ expansion in H2 2024
The industrial lines specialist reported strong growth across its Australia and Singapore branches driven by a growth in new business and inflation-related price adjustments in the first half of the year.
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- August 20 2024
Renewables fuel Munich Re Specialty Asia syndicate’s regional diversification strategy
Following the rebranding of all primary specialty insurance entities under one brand, Munich Re's APAC underwriting hub in Singapore is diversifying away from its traditional focus on marine and energy and also expanding into cyber, political risks, financial lines.
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- August 5 2024
Serai Kabu joins WTW’s Australasian renewable energy team as associate director
Brisbane-based Kabu worked at BMS Group for over four years with her most recent role being client manager for the power and energy team.
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- July 30 2024
APAC renewables market to see tighter capacity, new tech and cat risks coverages: WTW
At the same time, the ongoing competition with new market entrants and potential for a La Niña year keep rates steady and parametric solutions are becoming more popular despite integration challenges.
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- July 30 2024
Asian renewables underwriting witnessing ‘positive shift’ in expertise and capacity
With more large-scale projects now “fully placed” in the region, the market needs to address regulatory and financing hurdles for local underwriting to flourish.
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- July 24 2024
London seeks to offer specialist capacity for ‘high-risk exposed’ Asia renewables
(Re)insurers are ready to step in to provide expertise for renewables in emerging regional economies as some of the capacity currently on offer is "naive".
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- July 11 2024
Asia carriers looking to extend renewables capacity as projects soar
Large and complex regional projects exposed to nat cat risks could still find it hard to secure insurance as they require specialist underwriting expertise from London markets.
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- March 7 2024
Australia’s US$1.3bn Asean push puts insurance high on the agenda
The SEAIFF will provide loans, guarantees, equity and insurance for projects that would boost trade and investment, particularly in support of the region's clean energy transition and infrastructure development.
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- February 22 2024
Insurers lobby for removal of green infrastructure investing roadblock
The twin challenges of inflation and net-zero transition facing (re)insurers are highlighting the role that infrastructure assets can play in their portfolios, with infrastructure loan yielding as much as 600 bps in risk premium and equities returning 12%.
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- February 21 2024
Taiwan’s green power credit guarantee to mitigate default risk, eases up project financing: Fitch
With reinsurance provided by the National Credit Guarantee Administration and backed by EximBank, the new credit guarantee scheme will facilitate financing to wind project operators, Fitch said.
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- February 20 2024
Opinion: When will the Asia hydrogen market lift-off?
Underwriters have yet to catch up with the pace of investment and the billions of dollars being committed to developing the emerging energy sector.
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- December 8 2023
Asean reinsurers to set up regional renewable energy pool
Six South-East Asian reinsurers including Malaysian Re, which will be the pool manager, Indonesia Re, VinaRe, Cambodia Re, Thai Re and Nat Re have pledged to provide underwriting capacity.
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- November 16 2023
Rates have to catch up with losses to ease APAC’s offshore wind capacity crunch
(Re)insurers are showing no appetite even as projects pile up, especially in Taiwan, while premiums and risks remain disproportionate, industry sources say.
