IAN Reports
- Renewables
- Published 25 Apr 2025
Current trends and challenges in renewable energy development in APAC
The renewable energy sector in Asia has experienced a remarkable shift in the past few years, with wind and solar power overtaking traditional sources like hydroelectricity, while emerging technologies like offshore wind and battery energy storage systems (BESS) find wider adoption.
This report delves into the current state of renewable energy in Asia, highlighting both the opportunities and challenges it presents to the regions (re)insurers. Insights from a diverse group of experts shed light on the future trajectory of this dynamic sector:
Rob Jones, Asia renewable energy leader at Marsh
Alex Davies, director of power, downstream & renewables at Price Forbes
Will Hiller, underwriter at GCube
Tom Baker, head of renewable energy at Markel
Guillaume Parard, head of P&C for Asia at Axa XL
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Canopius appoints Andrew Ziolkowski to lead ANZ
- April 14
He succeeds Craig Elliot, who has served as interim head of the Australia business since December 2024.
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Marsh elevates Ross Hoy to renewable energy leader for Pacific
- April 10
Sydney-based Hoy has been a principal with the insurance broker since January 2021.
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‘More players, more capacity, more specialisation’: Asia renewables market set to shine as green transition gathers pace
- March 18
Recent months have seen new high-profile entrants into the Asia renewables market, with further capacity growth and product innovation on the table for 2025 and beyond.
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‘Nimble’ Thomas Miller-backed MGA targets APAC marine, energy ‘grey areas’
- January 28
Navata, supported by Lloyd's and HDI Global capacity, is following its clients' transition from oil and gas to renewables, says Singapore lead Mark Nunn.