Insurance could help reduce uncertainty around accident and performance risks, but KIRI says many early-stage technologies remain difficult to underwrite.
The region added a record 513.3 GW last year, but supply-chain disruption, climate volatility and China's subsidy changes are reshaping how those projects get insured.
The regulator pointed to higher claims costs, tighter reinsurance appetite and pressure on trade-exposed lines as external volatility feeds into the sector.