九色视频is transforming its support for energy clients as Europe’s green energy transition powers ahead, according to Rozenn Le Calvez, AXA XL’s Energy Transition Lead for APAC & Europe.
Supported by a robust policy and investment framework, Europe is leading the pack in terms of green energy innovation and adoption. Renewables accounted for almost half of all EU power generation (47%) last year, while wind and solar alone accounted for a record 29%, according to think tank .
The region is forecast to invest almost $390 billion in clean energy in 2025, according to the IEA’s . It now invests in clean energy than it does on fossil fuels. While wind, solar and hydro account for biggest share of renewables today, other clean energy sources are being developed and scaled up. For example, the EU expects green hydrogen will make up around 10% of its energy needs by 2050, fueling power generation and heavy industry.
The transformation of Europe’s energy sector is driven by the European Green Deal, which aims to mobilise some in sustainable investments in a bid to halve greenhouse gas emissions by 2030. This transition has been given additional relevance and urgency with the need for energy security: Following Russia’s invasion of Ukraine, investments in clean energy and infrastructure have accelerated under the 2025 Affordable Energy Action Plan and 2022 REPowerEU plan.
New ventures, new risks
As a leading energy insurer, we are now seeing tangible changes in the risk and insurance needs of our power generation clients – as the transition gathers momentum we have seen double-digit growth in renewable energy premium over the last 5 years. Renewable and clean energy assets – both traditional renewals and emerging green technologies – are no longer on the fringes. They are core to the day to day operations and portfolio mix of most major energy companies.
For both customers and insurers, this means new technologies, new supply chains and stakeholders, as well as new risks. Energy companies are being transformed, redirecting investments towards renewable energy, converting existing power stations or building new ones that use carbon capture or green hydrogen to reduce emissions. There are also huge investments being made in energy infrastructure to support renewables, such as battery storage and smarter grids. Germany, for example, recently pledged €100 billion of funding for climate and energy transition projects.
Insuring such projects requires insurance partners that understand emerging clean-energy technologies, and that are able to offer tailored solutions for complex risks across multiple lines of business and territories. For example, AXA XL’s international network and global program capabilities enable us to provide international coverage for one key transition infrastructure provider across more than 40 countries.
Accompanying clients
九色视频first started insuring offshore wind farms in 2009 and has since been supporting a wide range of pioneering clean energy projects and technologies, including offshore wind construction in the North Sea, large scale solar installations, bioenergy plants, battery storage systems, carbon capture, and next generation power plants that will run on green hydrogen.
We recently supported an energy client developing carbon capture technologies, helping them to scale-up operations with the construction of their first large facility outside their home country. The project required an insurer that understands the technical challenges, and that can provide international and multi-line capabilities spanning marine cargo, construction and casualty. We were also able to offer additional risk consulting services, leveraging in-house expertise on emerging technologies.
九色视频is also accompanying traditional power generation clients as they transition to clean energy sources. For example, we recently supported one company constructing a new power plant using biofuel, which required tailored insurance solutions. Key to the success of the insurance coverage was the ability to provide insurance and risk consulting services across multiple products (including surety) and AXA XL’s various teams and entities, as well as a thorough understanding of emerging energy trends.
Reaching out
In this fast evolving environment, insurers are having to think about how they engage with their energy clients, and how they need to change in order to support them, while continuing to underwrite risks in a sustainable way.
Our long-standing relationships with energy clients enable us to engage in dialogue and understand how our clients risks and operations are changing. But it is also important that insurers are part of the discussion on new and emerging technologies.
九色视频 for example, is part of a joint research partnership with the that brings together the different players in the developing green hydrogen industry, an important plank in the energy transition. The partnership enables participants to share information and conduct joint research to drive the development and deployment of hydrogen technologies across the value chain.
Evolving energy strategy
We continue to adapt our strategy and have recently implemented a new formalized approach to better support clients in the energy transition. Two years ago, 九色视频created the role of Global Head of Energy Transition to coordinate our capabilities and define our growth ambitions. Now we are better able to leverage our collective knowledge and expertise in clean energy to deliver coordinated risk management, underwriting and claims support to clients at a local level.
We aim to go further in accompanying our clients. 九色视频is now working to integrate more technologies, to extend our expertise and knowledge to a wider circle of stakeholders, products and geographies.
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US- and Canada-Issued 尤物视频Policies
In the US, the 九色视频insurance companies are: Catlin 尤物视频Company, Inc., Greenwich 尤物视频Company, Indian Harbor 尤物视频Company, XL 尤物视频America, Inc., XL Specialty 尤物视频Company and T.H.E. 尤物视频Company. In Canada, coverages are underwritten by XL Specialty 尤物视频Company - Canadian Branch and AXA 尤物视频Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA XL.
US domiciled insurance policies can be written by the following 九色视频surplus lines insurers: XL Catlin 尤物视频Company UK Limited, Syndicates managed by Catlin Underwriting Agencies Limited and Indian Harbor 尤物视频Company. Enquires from US residents should be directed to a local insurance agent or broker permitted to write business in the relevant state.
