Energy & Power

Companies in the energy, power, and renewable energy sectors can better manage volatility and achieve operational and financial success through our expert risk management advice and solutions.

Energy and power companies face significant challenges and wide-ranging risks as the industry continues to transform at a rapid pace.

Across the world, energy demand is growing. At the same time, governments, organisations, and communities are committing to reduce carbon emissions and accelerate the transition to clean energy sources.

Infrastructure damage, weather and natural catastrophes, human error, or cyber threats can all cause power blackouts or severe disruption to energy production. Furthermore, policy or regulatory changes, as well as social pressures, can cause uncertainty for operators and investors.

Marsh’s global team of more than 700 specialists can reduce your total cost of risk and help create operational and financial stability for your business. We can advise you on risk exposures and insurance solutions to ensure you successfully achieve your objectives and remain resilient.

Article

01/04/2025

The surge of BESS projects in Europe and the California battery fire

Discover the growth of battery energy storage systems in Europe, the impact of recent fire safety concerns, and the challenges facing BESS developers today.

Wind turbines at the countryside in summer day, aerial view.

Podcast

01/04/2025

Risk in Context Podcast: Insurance’s critical role in a successful energy transition

In this episode our hosts discuss the numerous risks that energy and power organisations face and the important role of the insurance industry in helping these businesses address their risks and continue to innovate. They also share some of the key learnings from last month’s CERAWeek.

Article

03/03/2025

Standardisation in offshore wind farms

Offshore wind's growth in 2025 drives the need for standardisation. This article explores its impact on efficiency, insurance, and global expansion.

FAQs

Generally, energy and power companies will need insurance coverage for their: onshore/offshore property, assets, and infrastructure; protection against business interruption and income loss; new construction investments; and third party liability and workers’ compensation losses. As most energy assets are in an open environment and exposed to natural elements, coverage for severe weather events or natural catastrophes is crucial. And, given the scale of digitisation across the whole energy value chain, companies also need to consider protection for increasing cyber-related risks. Furthermore, depending on where operations are located, there may be a need to cover political and credit uncertainty.

Every company, operating facility, and investment is unique – the best way to understand, quantify, and manage risk is to partner with an experienced risk advisor.

Insurance and risk management in the energy and power industry is a complex topic and requires specialist knowledge. Oil and gas companies, power generators, distributors, retailers, and renewable energy investors and operators all have unique risk exposures and different insurance needs. It's important to partner with risk management advisors who understand your business model and can provide insights and access to the most relevant industry trends and best practices in insurance and risk management.

Marsh’s global team of energy and power advisors, risk engineers, and brokers can facilitate discussions with insurance markets worldwide and design solutions that support your organisation’s short and long-term goals.

As the world moves toward a greener future, investments in renewable energy are on the rise. However, the transition to clean energy sources also brings disruption to the whole energy value chain. The risk landscape is rapidly changing for renewable energy investors, operators, and technology manufacturers.

Some of the key risks facing renewable energy stakeholders include:

Understanding local government policies and regulatory requirements to construct and operate renewable energy assets.
Unlocking access to capital and designing cost-effective insurance programs for all stakeholders to make projects bankable.
Securing appropriate insurance coverage during construction and operational phases.
Protecting renewable energy assets and infrastructure from severe weather events and natural catastrophes.
Understanding emerging technologies and how to integrate them into existing networks.
Protecting against income loss in the event of business interruption.

Marsh’s global team of renewable energy specialists and risk engineers can keep you informed about renewable energy developments and help you manage your risks and opportunities.

Energy & Power

Energy and power companies face significant challenges and wide-ranging risks as the industry continues to transform at a rapid pace.

Our expertise

Featured insights

The surge of BESS projects in Europe and the California battery fire

Risk in Context Podcast: Insurance’s critical role in a successful energy transition

Standardisation in offshore wind farms

FAQs

Global leadership

Andrew George

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Energy & Power

Energy and power companies face significant challenges and wide-ranging risks as the industry continues to transform at a rapid pace.

The Global Risks Report

Our expertise

Featured insights

The surge of BESS projects in Europe and the California battery fire

Risk in Context Podcast: Insurance’s critical role in a successful energy transition

Standardisation in offshore wind farms

Clean Hydrogen - Supporting the energy transition

FAQs

What insurance coverages do energy and power companies need?

What should energy and power companies consider when assessing risks and choosing insurance?

What are the risks associated with renewable energy?

Global leadership

Andrew George

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