Empowering the Future of Offshore Renewables - Energy Insurance London Conference

In the rapidly evolving landscape of energy insurance, Verisk is at the forefront of driving discussions and solutions around exposure management in the renewable energy sector, particularly offshore wind farms.

Pioneering Developments in Renewable Energy Exposure Management

Verisk, through its specialty business solutions, is pioneering a new module within Sequel Impact, focusing specifically on renewable energy, a sector that is gaining significance by the day.

This initiative, in collaboration with Clarkson's, will leverage a new dataset for offshore wind farms, allowing insurers to have a more functionally relevant and sophisticated understanding of their potential risks in renewable energy.

The development is set to be released in Q2 2024, marking a significant stride in our commitment to innovation in exposure management.

One of the key highlights of this new module is its enhanced reporting capability. The detailed data provided by Clarkson's will allow insurers to have a more granular understanding of the wind farms they are insuring, including the number, make, and size of the turbines.

This level of detail will enable insurers to assess and control their risks more effectively, allowing them to respond proactively to incidents and manufacturing flaws, and make informed decisions on underwriting and reinsurance.

 

A Collaborative Approach to Innovation

This panel discussion is not just a platform for sharing insights but also a testament to our collaborative approach to innovation.

The synergy between the different experts and entities on the panel underscores our commitment to working together to address the challenges and leverage the opportunities in the renewable energy sector. It is this collaborative spirit that drives our ongoing efforts to ensure the seamless integration and functionality of our products, reflecting our ethos of ‘One Verisk’.

We invite all stakeholders, industry experts, and enthusiasts to join us at the Energy Insurance London Conference to be a part of this enlightening discussion.

The Energy Insurance London Conference is a convergence point for thought leaders, innovators, and stakeholders in the energy insurance sector. It is a unique opportunity to gain insights into the future of offshore renewables and the pioneering solutions being developed to empower insurers in this domain.

Please come along with us on this journey to learn about the innovations in offshore renewable energy insurance and engage in meaningful dialogues that can shape the future of the industry, leveraging technology and data to create a more resilient and sustainable world.

 

Contact us to talk further on this.