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Problem Statement #09

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Problem Statement Information

Category
Others, Others

Problem statement tags
mobilise

Detailed Description

How should the insurance industry step up to play a bigger role as the safeguard for the domain of renewable energy, providing safety and security to investors, while helping to advance the technology surrounding it to its maturity?


More Details
Theme: Mobilise Capital

Renewable energy plays a key role in the road towards a carbon neutral world. We have seen exponential growth in this sector in past decades, many new and innovative technologies been adopted. However, these technologies also bring higher risk of failure and significant financial uncertainty to stakeholders, especially offshore renewable projects where large upfront CAPEX is required.

How should the insurance industry step up to play a bigger role as the safeguard for the domain of renewable energy, providing safety and security to investors, while helping to advance the technology surrounding it to its maturity?

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