by British brokers believe that renewable energy insurance is the new or emerging insurance product with the second most growth potential. In the meantime, recent data suggest that renewable energy sources are good for almost 90% of all new energy generation in the US.
According to the UK Commercial Insurance Broker Survey of Globaldata from 2025, only cyber insurance (53.6%) was ahead of renewable energy insurance (8.8%) in terms of what British brokers think that the new or emerging product will be with the most growth potential. As the world is increasingly shifting to sustainable energy sources, the demand for specialized insurance products will rise on the unique risks of renewable energy – such as operational risks, legal changes and environmental obligations.
Meanwhile, according to data from the Federal Energy Regulatory Commission of the US, renewable energy sources in the first nine months of 2024 accounted for nearly 90% of all new energy generation in the US – the majority of which are solar energy. Worldwide, including in the UK, renewable energy contributions to electricity networks are becoming increasingly important.
From an insurance perspective, this rapid expansion of renewable energy offers significant opportunities for industry. As the integration of renewable energy sources in existing energy systems becomes more critical, there will be an increasing need for specialized insurance products that relate to the unique risks related to renewable energy projects. These risks may include operational disruptions, legal changes, environmental obligations and the complexity of new technologies.
Insurers that develop tailor -made coverage options for renewable energy projects can position themselves as leaders in this emerging market. By understanding the specific challenges of solar farms, wind energy producers and other renewable initiatives, insurance providers can create innovative solutions that not only protect these investments, but also encourage further growth in the sector.
The significant growth of generating renewable energy not only underlines the urgency of transition to sustainable energy sources, but also emphasizes the potential for new business opportunities and insurance solutions that meet this evolving market. As the global energy landscape continues to shift, stakeholders have to adapt across the board, including insurers, to use the benefits of this renewable revolution.
“There are great opportunities in renewable energy insurance” was originally made and published by Life Insurance International, a Global Data brand.
