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Energy Transitions podcast: Navigating the complex insurance landscape amid a renewables boom

Energy Transitions podcast: Navigating the complex insurance landscape amid a renewables boom

Pamela Largue
Posted on: 1 October 2024

In this episode of the Energy Transitions podcast, Josh Shimali of GCube talks about the growing complexities of the insurance landscape.

The renewable energy market is poised for massive growth and to ensure project success, it is critical to understand and navigate the increasingly complex and dynamic risk and renewables insurance landscape.

In this episode of the Energy Transitions podcast, Pamela Largue talks to Josh Shimali, Head of Onshore Underwriting at renewables insurance firm GCube, about the growing complexities of the insurance landscape. Shimali also highlights the key trends emerging from the past decade of renewables construction claims, highlighted in GCube's latest report.

In this episode, you will learn more about:

  • Key findings of the report, Arrested Development: Managing complex claims in the boom-and-bust world of renewables construction,
  • Understanding the ‘boom and bust’ cycles and the pressure they place on developers, contractors and the supply chain,
  • Top causes of onshore and offshore losses,
  • How to minimise developer risk,
  • Strategies to boost project success amidst extreme weather, contractor error and tech failure,
  • How to ensure sustainable insurance models, and
  • Lessons from past projects that are crucial for future success.

"...It's ensuring sustainability unsustainably and I think that is a good summary of the market as it seems right now, surely we can do better..."

Josh Shimali

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