Market Insights

The energy insurance market has undergone notable changes, with increasing stabilization in the downstream sector offering more favorable conditions for insureds. Renewals have started to reflect lower rates, despite ongoing challenges from natural catastrophes and rising claims. This shift is influenced by improved capacity and profitability among carriers, alongside strategic partnerships in navigating complex risks.

One way that companies are doing their part to battle climate change is investing in carbon sequestration. However, this process poses the potential for new exposures. This article explores the rise in popularity of the practice, associated risks, and how retailers can help safeguard their clients from potential claims.​

The BESS sector is experiencing a boom. However, there is a lack of comprehensive data on their operation, performance and failure rates which complicates risk assessment and premium calculation for insurers. Here we provide long-term strategies for managing BESS risk.

While some segments are seeing softening, others face the hardest market conditions in decades. In this State of the Market report, Amwins specialists share market intelligence spanning rate, capacity, and coverage trends across lines of business and industries.

In this special report we look at how the energy sector is doing overall. Record losses continue to adversely impact the downstream market, while mid-stream rates are being affected by social inflation and a rise in claims. Upstream markets need to prepare for increased underwriting scrutiny.

While some segments are seeing softening, others face the hardest market conditions in decades. In this State of the Market report, Amwins specialists share market intelligence spanning rate, capacity, and coverage trends across lines of business and industries.

As the renewable energy sector continues to grow, new career opportunities evolve with a wide range of good paying but potentially hazardous jobs. In this article, we look at specific sectors of the industry that are more prone to common risk factors, and prevention efforts your clients can take to better mitigate risks.

While industry experts agree that the energy transition is required for the future health and sustainability of the planet, they also acknowledge that such change is not without risk and there are still a lot of unknowns about how the insurance industry might respond. Retail agents and brokers are wise to stay up to date on the latest developments so they can manage clients’ expectations as the situation evolves.

The energy sector’s technological shift to remote control and network access as well as society’s focus on environmental consciousness has exponentially increased oil and gas company’s exposure to cyber-attacks. This article highlights the top three cyber trends affecting the energy sector, helping identify current risks and market conditions so you can determine the best coverage solution for your client.

The Casualty market’s response to COVID-19 is continuously evolving. With a wide array of factors already impacting this sector pre-crisis, segments of the Casualty marketplace are responding to the pandemic differently. In this article, our industry specialists share overall themes in the Casualty market and take a closer look at how various segments are being impacted.

In 2018, companies within the energy sector rely heavily on technology to perform daily operations. With this increased connectivity comes increased cyber risk. As threats continually evolve, it is virtually impossible to adequately prepare for every type of cyber-attack; however, appropriate insurance coverage can play a key role in mitigating risk. This article discusses energy-related claim trends and the value that Cyber Liability policies can add to your coverage offering for energy risks.