Allianz report sheds light on offshore wind industry

In its new report, ‘A turning point for offshore wind’, Allianz Commercial highlights growth opportunities, tech innovations, risk trends, and loss patterns for the global industry / Damage to cables is the top cause of insurance claims, followed by turbine failure / Speed of build-out is creating pressure on materials and supply chains, port infrastructure, and available construction and maintenance vessels / Bigger turbines and new technology drive bigger exposures for insurers which need to be understood in partnership with developers / Weather and natural catastrophe risks are increasing as sector expands into new territories

The potential of offshore wind as a viable source of clean power for the energy transition is indisputable. Investment in the sector is growing... ... More: Official Press Release Allianz Commercial

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Allianz Commercial, insurance, offshore, wind industry, wind farm, technology, growth, energy transition, innovation, investment, turbine