Renewable energies

In line with the goals of the Paris Agreement, the energy system is undergoing a fundamental transition, which is even going to accelerate over the years to come:

• New power production capacity will mainly come from on- and offshore wind power and from solar PV.
• Battery energy storage systems (BESSs) will be added at a larger scale to balance out power production with power demand over time.
• Decarbonisation of sectors that cannot be electrified will require large amounts of green fuel to be produced (e.g. hydrogen, e-fuels, green ammonia).
• To use these new energy sources, existing technology needs to be modified or redeveloped (e.g. to make gas turbines hydrogen-ready)

All the above developments come with new risks, e.g. renewable power assets are significantly vulnerable to extreme weather events; BESSs and newly developed hydrogen-fuelled applications have high fire risks. Furthermore, rapid technological evolution entails a number of risks which cannot be deduced from historical data.

This poses new challenges for the insurance industry and requires a thorough risk assessment during underwriting. The seminar outlines the implications for insurance and provides loss examples and recommendations for underwriters when assessing technologies needed for the energy transition.

• Status and fundamental changes in the power generation landscape ​
• Resulting new risks ​
• Implications for insurance ​
• Loss examples, risk assessment and underwriting for renewable energies ​
• Alternative risk transfer solutions

16 October 2025, 03.30 p.m. (CEST)

Deadline for registration

15 October 2025