What is the product?

Renewable energy is the cornerstone of the global energy transition and is set to be a key driver of the deep decarbonisation the world is undertaking over the coming years.

 Hiscox supports critical development in this sector by providing coverage within the following renewable sectors across both the construction and operational phases of projects: offshore & onshore wind, and solar power generation.

How does it support green outcomes?

Hiscox’s support for renewable energy projects is aimed at both the current corporate participants in the renewable sector and our existing clients in the oil & gas sector who are actively looking to transition their asset base towards greener solutions.

Supporting existing clients as they transition to lower-carbon sources of energy will help to accelerate the global transition to a lower-carbon environment.

How does it enable customers today?

A number of our existing clients in the oil & gas sector have invested in key offshore renewable wind projects for which we have provided coverage. 

For example, Hiscox has recently provided coverage for the construction phase of the Dogger Bank Wind Farm project which, when completed, will be the world’s largest offshore wind farm, along with coverage for the operational phase of the Beatrice offshore wind farm.