{"id":6842,"date":"2025-07-14T16:00:47","date_gmt":"2025-07-14T16:00:47","guid":{"rendered":"http:\/\/calebdewey.com\/?p=6842"},"modified":"2025-07-14T16:29:51","modified_gmt":"2025-07-14T16:29:51","slug":"soft-market-conditions-persist-in-renewable-energy-sector-due-to-extra-capacity-willis","status":"publish","type":"post","link":"http:\/\/calebdewey.com\/index.php\/2025\/07\/14\/soft-market-conditions-persist-in-renewable-energy-sector-due-to-extra-capacity-willis\/","title":{"rendered":"Soft market conditions persist in renewable energy sector due to extra capacity: Willis"},"content":{"rendered":"

According to the latest Renewable Energy Market Review by insurance broker Willis, a WTW business, the renewable energy market remains soft due to an oversupply of capacity, which is intensifying competition among insurers and continues to drive pricing downward.<\/p>\n

\"windmills\"Despite ongoing global pressures and softening market conditions, optimism is anticipated to persist according to Willis’ report.<\/p>\n

Although carbon-based clean technologies are expected to see only marginal growth, renewable and clean energy technologies are projected to grow exponentially to meet rising global demand.<\/p>\n

According to the findings, risk and insurance solutions have evolved, driven by innovation in peril diagnostics and broad parametric solutions that are helping the market better manage volatility and uncertainty.<\/p>\n

Additionally, renewable innovation has gained momentum, there are emerging technologies such as kinetic infrastructure, solar-integrated materials, nuclear fusion, and gravity-based storage that demonstrate the continued interest in reshaping the future energy landscape.<\/p>\n

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\"Register<\/a><!–\"Download<\/a>–><\/p>\n<\/div>\n<\/div>\n

The review, titled Next-gen renewables: Risk resilience and insurance readiness, includes commentary on emerging market dynamics across key regions, highlights incoming renewable energy innovations, and outlines strategies to navigate growing global uncertainty.<\/p>\n

However, natural catastrophe losses still remain a major concern as severe weather events are directly damaging assets and causing significant challenges.<\/p>\n

Steven Munday, Global Renewable Energy Leader, Natural Resources at Willis, commented, “While global pressures endure, the next wave of innovation continues to push the sector forward into new and unchartered waters, low carbon power generation doesn\u2019t stop with wind and solar.<\/p>\n

“Different regions face intrinsic risks and opportunities, but the renewable energy sector as a whole can step into the future to deliver clarity and confidence.<\/p>\n

“The market is advancing data and analytics, integrating renewable occupancy-focused climate risk models, and enhancing risk management tools to better assess and price risks associated with renewable energy projects.<\/p>\n

“With more insurance capacity entering the market as insurers seek to capture growth in the renewable and clean energy sector and replace premium from shrinking opportunities in fossil fuel insurance lines, softer pricing, broader terms with cover innovation, lower deductibles in most product lines and regions are welcomed headlines for 2025.”<\/p>\n

The post Soft market conditions persist in renewable energy sector due to extra capacity: Willis<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to the latest Renewable Energy Market Review by insurance broker Willis, a WTW business, the renewable energy market remains soft due to an oversupply of capacity, which is intensifying competition among insurers and continues to drive pricing downward. Despite ongoing global pressures and softening market conditions, optimism is anticipated to persist according to Willis’ […]<\/p>\n","protected":false},"author":1,"featured_media":6844,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/6842"}],"collection":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/comments?post=6842"}],"version-history":[{"count":3,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/6842\/revisions"}],"predecessor-version":[{"id":6848,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/6842\/revisions\/6848"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media\/6844"}],"wp:attachment":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media?parent=6842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/categories?post=6842"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/tags?post=6842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}