💨 Abstract

Renewable energy insurance policyholders face 20%-40% higher premiums due to "devastating claims" caused by extreme weather and natural disasters. Insurers are recovering costs and improving ESG credentials while continuing to support the energy sector. New entrants are emerging in the market, and it is growing, with the UK seeing a 43% increase in premium income in 2023.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖