Energy - Risk management

Hands-on experience with the technologic development for 30+ years

Since insuring the first-ever offshore wind farm in 1991, our leading role has provided us with a unique understanding of the risk profiles associated with these projects.

Supporting our clients in managing risks is at the core of our business model and partnership approach.

We believe in proactive risk management

As experts in our field, our dedicated team of engineers conduct onshore and offshore surveys on all renewable energy related assets – from the turbine generators to the offshore substations and onshore assets.

Through surveys and technical sparring sessions we strive to support our clients in optimizing their risk profile.

Long-term partnerships

Building close and long-term relationships with both our brokers and clients, we prioritize open dialogues and transparent collaboration.

We strive for early engagement. We offer sparring sessions on risk mitigation and business continuity planning including review of existing spare part strategies. In an open dialogue, we share our risk management and sector experience, and our goal is to empower you with knowledge and tools to navigate the uncertainties.

Case study from the North Sea

During an inspection of an offshore wind farm in the North Sea one of our engineers discovered a critical error in the cable connected to the transformer. Subsequently, repairs were urgently made, whereby a major outage was avoided. The error could at a later stage have caused severe damage to the transformer with costs amounting to up to £10 million.

Thanks to a transparent collaboration and swift effort by the insured; significant costs related to deductibles and waiting periods were avoided and the risk profile of the asset was significantly improved.