Underwriting the transition to renewable energy

Sustainability & Regulation Community
Q+
24/11/2022 Article
Susana Huete Santos AXA XL Senior underwriter for the energy sector

The increasingly rapid growth in renewable energy presents a mix of opportunities and challenges for property insurers. Susana Huete Santos, AXA XL’s Spanish-based senior underwriter for the energy sector, has the story.


According to BloombergNEF (BNEF), global investment in 2021 in what has been dubbed the “energy transition” totaled USD 755 billion, a 27 percent increase over 2020. BNEF also reported that “renewable energy, which includes wind, solar and other renewables, remains the largest sector in investment terms, achieving a record USD 366 billion committed to it in 2021, up 6.5 percent from the year prior.”

Sharply falling costs have played an important part. The International Energy Agency (IEA) reports that “Thanks to rapid technology improvements and cost reductions, a dollar spent on wind and solar photovoltaic (PV) deployment today results in four times more electricity than a dollar spent on the same technologies ten years ago.”

This content is reserved for our members

Join Qorus to keep reading

Related news & insights

30/01/2023 Interview

Cbp Spain is now Kereis Iberia

Kereis (former Group CBP) has undergone a rebranding process and Cbp Spain is the first international subsidiary to rebrand to...

Open Finance Community
27/01/2023 Interview

NewTech Friday : Hello Tractor – Promoting tractor co-sharing throughout Africa

Hello Tractor in Kenya won the LHOFT 2022 Catapult Inclusion Africa Program. James Goode, its CCO, tells us more about...

Digital Reinvention Community
27/01/2023 Article

2022: The Year of Venture – Trends from the Qorus-Accenture Banking Innovation Awards

“Qorus and Accenture always see a few ‘golden threads’ among the trends that we try to detect and anticipate, and...

Sustainability & Regulation Community
26/01/2023 News

Danske Bank publishes comprehensive climate action plan

Danske Bank maps its total carbon footprint and publishes comprehensive climate action plan to enable Danske Bank and its customers...

SME Banking Community
25/01/2023 News

CaixaBank offers access to the ‘Digital Kit’ and provides tools to boost the digitisation of microenterprises, retailers and the self-employed

CaixaBank becomes the first bank in Spain to offer a complete offer to support the whole digitisation process of small...

Digital Reinvention Community
25/01/2023 News

Liberty General Insurance: servicing over 1,00,000 customers using AI for vehicle inspections

Liberty General Insurance transforms customer experience of over 100,000 customers in CY 2022 through AI enabled Vehicle Inspections - a...

Open Finance Community
25/01/2023 News

Covr partners with Smart Choice to bring digital insurance solutions to 9,500 agencies

Covr Financial Technologies has partnered with Smart Choice to bring its digital insurance platform for independent agents, Covr Pro, to...

Sustainability & Regulation Community
25/01/2023 News

imagin consolidates itself as a leading digital platform in the field of sustainability and social impact

Thanks to its sustainability strategy to generate a positive impact through its digital platform, in just three years imagin has...