Fuelling the Rise of Renewables:

As climate volatility continues to evolve, APAC continues to experience Nat Cat risks, inevitably having a direct toll on the renewable energy industry. The sector is starting to go parametric to cope with the mounting pressure due to having some of the largest protection gaps from the traditional insurance offering.

These gaps can take the form of higher retentions, reduced cover, and higher premium rates, especially if they have suffered a recent loss, making securing project financing near impossible. However, parametric covers tailored for renewables can provide fresh capacity in a retreating market. Combined or replacing SIRs, parametric insurance can help plug these gaps in coverage and reduce the clients’ premium spend.

Learn more about how parametric Nat Cat covers can meet the needs of the renewable energy sector. We will explore how parametric products can provide financial security, whether it be a drop in energy production, disruptions to construction, weather-driven damage and delays or business interruption. This session will dive into several case study applications and allow direct interaction. Don’t miss your chance to discover parametric’s full potential!