natural catastrophe

Damage to solar from so-called Natural Catastrophe events is increasing as the technology expands its reach and weather conditions worsen.

The insurance industry must adapt to evolving risks to head off a 'protection gap' that could undermine the global green energy transition.

A combination of supply chain disruptions and extreme weather events that damage operational assets can lead to extended solar project downtimes. Rosa van Reyk, a senior underwriter at GCube Insurance, explores how the industry can ease supply chain pressure by rethinking cost efficiency and increased collaboration between developers and insurers.