What is the product?

Offshore wind development is expected to continue to grow, as developers respond to the combination of the persistent cost decline of these technologies, positive public sentiment towards renewable generation, and increasingly stringent environmental standards. AIG offers multi-line coverage options and risk engineering for offshore wind.

How does it support green outcomes?

AIG recognises that without insurance, the appetite for taking risks in a new or unproven field of opportunity would be dramatically reduced. AIG offers innovative solutions from beginning to end for these emerging technologies that allows for its growth while providing the coverages needed to support the technology and provide security to our clients.

 Our role as an insurer of renewable energy and lower-carbon industries (particularly wind farms and solar plants) helps support the overall market transition to a lower-carbon economy. AIG’s risk engineering team has the expertise to evaluate these technologies and to work with our clients in evaluating the risks faced by these technologies.

How does it enable customers today?

AIG’s offshore wind policies have been developed to support renewable energy providers through the entire offshore wind project development process – from project inception through to energy production, storage and distribution. AIG has the capability and the appetite to support both onshore and offshore wind projects.