kWh Analytics has partnered with Aspen Insurance for a brand new property insurance coverage choice for renewable vitality asset house owners. This new product, which supplies protection in opposition to bodily harm for photo voltaic and different renewable tasks, introduces much-needed capability to a quickly rising trade at a time when conventional carriers are tightening their portfolio publicity.
Current years have seen diminished limits and substantial value will increase for asset house owners, with a necessity for brand new options to managing and underwriting danger. kWh Analytics Property Insurance coverage brings new sophistication to the evaluation of property danger and exposures for renewable property, using kWh Analytics’ proprietary database of over 300,000 renewable vitality property.
“The shift to a decarbonized financial system is the biggest macroeconomic revolution of our era, and insurance coverage will play a crucial function in securing its future. Recognizing that this transformation requires a brand new method to pricing, managing, and finally mitigating the brand new dangers of the clear vitality asset class, kWh Analytics is dedicated to underwriting merchandise that allow the financing of renewable property,” stated Jason Kaminsky, CEO of kWh Analytics. “Our new property product is a pure extension of our platform, and we’re happy to accomplice with Aspen to convey it to market as we proceed to make the most of our knowledge to precisely worth danger switch merchandise.”
“Aspen companions with solely the very best high quality program managers that may provide aggressive merchandise to our shopper base,” commented Josh Jennings, Head of Inland Marine and Property Packages at Aspen Insurance coverage. “We’re proud to broaden our choices for renewable vitality shoppers in help of the vitality transition by partnering with kWh Analytics and their data-driven underwriting capabilities. Renewable vitality is a rising section complementary to our current property insurance coverage choices.”
Along with its insurance coverage merchandise, kWh Analytics is leveraging knowledge to encourage resilient design practices. By evaluating historic working knowledge, the corporate is ready to establish the most typical failure modes amongst current photo voltaic PV tasks. The findings, that are included within the Property Insurance coverage underwriting, will likely be distributed to the corporate’s shoppers and broadly to producers, operators, provider companions, and traders to bolster the additional growth of sustainable photo voltaic tasks.
Information merchandise from kWh Analytics