Renewables – InsuranceAsia News https://insuranceasianews.com/industry_segments/renewables/ Wed, 17 Dec 2025 01:14:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Cybercrime, renewable energy top the agenda as insurer predicts a year of rising threats for 2026 https://insuranceasianews.com/insurer-predicts-a-year-of-rising-threats-for-2026/ Tue, 16 Dec 2025 22:00:46 +0000 https://insuranceasianews.com/?p=207064 Beazley CEO Adrian Cox says the 'pace and complexity of risks has never been greater'.

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The rising threat of cybercrime and the move to a renewable energy future will create major challenges for global businesses in 2026, Beazley CEO Adrian Cox has warned.
He was speaking as the underwri...

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]]> Marsh appoints I-Tung Chan as Asia renewables risk engineer https://insuranceasianews.com/marsh-appoints-i-tung-chan-as-asia-renewables-risk-engineer/ Mon, 01 Dec 2025 03:04:58 +0000 https://insuranceasianews.com/?p=205761 Taipei-based Chan brings almost six years of deep technical and project management experience in renewable and major offshore wind projects.

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Marsh has appointed I-Tung Chan as a risk engineer specialising in renewables in Asia, according to a LinkedIn update by managing director for energy and power leader Benjamin Chang.
Taipei-based Chan...

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]]> Insurance ‘absolutely key’ to Asian renewable energy development: Sompo https://insuranceasianews.com/insurance-absolutely-key-to-asian-renewable-energy-development-sompo/ Tue, 18 Nov 2025 23:30:49 +0000 https://insuranceasianews.com/?p=204425 Renewable energy capacity in APAC, excluding China, is expected to almost double over the next five years, according to the International Energy Agency.

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Japanese insurer Sompo sees a “massive growth opportunity” in supporting its Southeast Asian clients through the energy transaction, according to Victoria Sarjeant, head of energy for APAC in Singapor...

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]]> Asia’s power sector must ‘pair smarts with discipline’ as capacity grows, rates soften https://insuranceasianews.com/asias-power-sector-must-pair-smarts-with-discipline-as-capacity-grows-rates-soften/ Wed, 12 Nov 2025 23:30:06 +0000 https://insuranceasianews.com/?p=202587 Benjamin Chang, managing director for energy and power leader for Marsh Asia, and Lyo Foo, head of power, natural resources Asia at WTW, talk to IAN about the latest developments within Asia’s power sector.

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Amid a profound transformation of Asia’s power sector, which is expected to lead to increased demand for power insurance into 2027, the market is witnessing new capacity and a softening of rates, indu...

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]]> Can AI solve the APAC renewable risk conundrum? https://insuranceasianews.com/can-ai-solve-the-apac-renewable-risk-conundrum/ Tue, 28 Oct 2025 23:30:20 +0000 https://insuranceasianews.com/?p=203050 A shift is needed from a reliance on historical pattern recognition to inform pricing and underwriting decisions to engagement with real-time data analytics and technology-based risk assessment instead. 

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What a curious picture the global renewables energy market is at the moment.
Not so long ago, US President Biden had steered the Inflation Reduction Act through Congress – essentially a craftily title...

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]]> Japanese offshore wind a ‘big opportunity’ for (re)insurers: Tokio Marine https://insuranceasianews.com/japanese-offshore-wind-a-big-opportunity-for-reinsurers-tokio-marine/ Tue, 07 Oct 2025 23:30:08 +0000 https://insuranceasianews.com/?p=201352 Head of marine, hull and energy Hiroyuki Ishijima speaks to InsuranceAsia News about Japan's target of having at least 30-45 gigawatts of offshore wind capacity by 2040.

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(Re)insurers have a key role to play in helping Japan reach its target of at least 30-45 gigawatts of offshore wind capacity by 2040 by delivering increased capacity to the market, according to Tokio ...

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]]> ‘We have to roll with the punches’: testing time for evolving renewable energy market, Tokio Marine GX’s Will Hiller says https://insuranceasianews.com/we-have-to-roll-with-the-punches-testing-time-for-evolving-renewable-energy-market-tokio-marine-gxs-will-hiller-says/ Wed, 01 Oct 2025 23:30:56 +0000 https://insuranceasianews.com/?p=200919 Underwriter also talks to InsuranceAsia News' Between the Lines podcast about nat cat risks and technology development following the launch of Tokio Marine Holdings' underwriting platform last month.

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With the renewable energy insurance market becoming more and more competitive, it is important for developers, owners, as well as insurers, to take a long-term approach to ensure 25-30 years of insura...

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]]> ‘Opportunity is always in China’: rapid industrial growth ups ante for (re)insurance market: Rare Earth’s Wei Wang https://insuranceasianews.com/opportunity-is-always-in-china-rapid-industrial-growth-ups-ante-for-reinsurance-market-rare-earths-wei-wang/ Mon, 15 Sep 2025 23:30:45 +0000 https://insuranceasianews.com/?p=199959 New energy storage, offshore wind power and overseas projects under the Belt and Road Initiative are key, the CEO of the (re)insurance broker told InsuranceAsia News' Between The Lines podcast.

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New energy storage, offshore wind power and overseas projects under the Belt and Road Initiative are among the growth areas driving China's evolving (re)insurance industry, Wei Wang, CEO of Rare Earth...

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]]> Chinese insurers surge ahead in global renewable premium race https://insuranceasianews.com/chinese-insurers-surge-ahead-in-global-renewable-premium-race/ Wed, 03 Sep 2025 10:23:09 +0000 https://insuranceasianews.com/?p=199119 People’s Insurance Company of China, Ping An Insurance, and Yingda Taihe Property Insurance added over US$200m in new renewable energy premiums between 2023 and 2024, according to Insure Our Future.

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Three Chinese insurers have captured more than US$200 million in new premiums from the global renewable energy insurance market between 2023 and 2024, according to a report by Insure Our Future.
It pu...

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]]> Tokio Marine launches green transition underwriting platform https://insuranceasianews.com/tokio-marine-launches-green-transition-underwriting-platform/ Wed, 03 Sep 2025 04:07:54 +0000 https://insuranceasianews.com/?p=199050 Tokio Marine GX is a fully operational underwriting business offering up to US$500m of capacity on any single risk.

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Tokio Marine Holdings has launched its green insurance unit, Tokio Marine GX (TMGX), as a fully operational underwriting business.
TMGX is a unified platform for green transition insurance, enabling b...

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