Risk analytics for insurers

Build science-driven pricing strategies with Renew Risk’s analytics.

Quantify risk and coverage pricing for renewable energy assets.

Many insurance firms are cautious of insuring renewable energy infrastructure. With little claims history compared to property, and a high level of technical complexity involved in the evolving infrastructure of wind turbines, subsea cables and solar panels, accurately quantifying risk is a challenge few are eager to tackle.

This is further compounded by their location. Renewable energy assets are often built in areas where natural catastrophes are frequent and intense, and predicted to become even more devastating due to climate change. In short, the need to accurately assess and manage risk is more important than ever before.

Renew Risk’s advanced risk analytics enable risk carriers and brokers to analyse, understand and quantify the risk of natural catastrophes to renewable energy assets.

Armed with our data, insurers can unlock underwriting capacity and liquidity pools to accelerate the energy transition.

Explore our product portfolio

Catastrophe Models

Risk Engineering reports

Industry exposure database

Navigate risk with science-driven risk insights

Tailormade for renewables

Renew Risk is the only organisation focused on risk modelling and analytics for renewable energy infrastructure.

Customisable

Our products capture additional per-asset costs of repair and reinstatement for tailored model loss estimates.

Comprehensive analysis

In-depth risk insights for all assets including substations, cables and foundations, with modifiers including soil type and asset age.

Science driven

Underpinned by vulnerability calculations by world-leading experts.

Regionally calibrated

Built using at-site calibrations for measurements such as wave height and wind speed.

Industry validated

Assessed and used by industry-leading early adopters.

Tom Sexton, Partner and Head of Renewables, Power and Energy at McGill and Partners

“There has been a pressing need for a custom-built offshore wind catastrophe model to accurately assess the probability of loss for this rapidly developing asset class in high-risk zones. [Renew Risk’s] models will assist both offshore wind clients and insurers to access more efficient risk transfer capital. They will enable insurers and reinsurers to price coverage more accurately, understand asset class aggregations, and assess offshore wind's impact on other lines of business - previously inaccessible insights. This will give insurers and reinsurers the confidence to provide greater capacity at more appropriate pricing levels to our offshore wind clients in high catastrophe zones.”