Grasp the growth opportunities by improving risk management in the energy sector

Swiss Re recently launched two reports in China to discuss the opportunities and challenges for insurers underwriting the energy sector in this market.

In September, the Report on the Risk Management Survey for the Hydropower Companies in China was launched to announce the following findings from a recent survey.  

  • The exposure during the phases prior to operation, i.e., planning and design, financing and construction stages, is higher than in the phases after the plants being put into operation.
  • Weather risk is one of the major risks faced by hydropower companies.
  • From risk management perspective, project planning and risk analysis are most important, and risk transfer via insurance comes as the next.
  • The Chinese hydropower companies need to improve their weather risk management.
  • The biggest barriers for the risk management of the hydropower plants in China are the absence of specialized risk management team and lack of information on risks and risk management vehicles.

Read for more.

In July, a report by Bloomberg New Energy Finance and sponsored by Swiss Re was launched to point out that the renewable energy industry could be spending three times as much on insurance every year by 2020 to mitigate risks to projects.

The report looked at six of the world's leading markets for solar and wind, including Australia, China, France, Germany, the United Kingdom and the United States. Depending on the scenario, insurance premium volumes in these markets could increase from USD 850 million today to anywhere between USD 1.5 billion and 2.8 billion by the end of this decade.

Read for details.

Publiched September 2013


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