Analysis, Data insight, Energy, Market report, Non-life, Specialty

Growth in offshore wind projects generates challenges for insurers

An Allianz Commercial report shows that new installations of offshore wind power capacity reached nearly 9GW globally in 2022, with China leading the market; however, the increasing size of wind farms presents higher insurance risks.

Aaron Woolner

September 27, 2023

•

6 min read

Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.

Unlock this insight for free

14 days of access to (Re)in Asia’s premium intelligence
Free daily briefing in your inbox each morning
No credit card required

Already have an account? Sign in →

Market conditions continue to evolve as businesses review their priorities and plans for growth. The pace of change varies across the region, with local factors shaping how organisations respond.

Attention is turning to the balance between near-term opportunities and longer-term objectives. Decisions made today will help determine how businesses adapt as conditions develop.

While the outlook remains varied, the broader direction reflects a market adjusting to new demands. The implications will become clearer over time as plans move into practice.