Reported 9 months ago
In recent years, the overall engineering insurance market has seen significant growth, mainly driven by green energy investments. However, insurers are hesitant to cover offshore wind power projects due to their large coverage amounts and complex risks, relying more on the international reinsurance market. The major property insurers in Taiwan have shown more willingness to take on these risks. The article discusses the growth in engineering insurance premiums, particularly in the offshore wind power sector, and the challenges and strategies involved in insuring these projects.
Source: YAHOO