UK brokers believe renewable energy insurance is the new or emerging insurance product with the second most growth potential. Meanwhile, recent data suggests that renewables account for almost 90% of all new energy generation in the US.
According to GlobalData’s 2025 UK Commercial Insurance Broker Survey, only cyber insurance (53.6%) was ahead of renewable energy insurance (8.8%) in terms of what UK brokers believe will be the new or emerging product with the most growth potential. As the world increasingly shifts toward sustainable energy sources, demand for specialised insurance products tailored to the unique risks of renewable energy projects—such as operational risks, regulatory changes, and environmental liabilities—is set to rise.
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Where new or emerging commercial insurance product do you see as having the most growth potential? 2025
Meanwhile, as per data from the US’s Federal Energy Regulatory Commission, renewables accounted for almost 90% of all new energy generation in the US during the first nine months of 2024—the majority of which is solar. Globally, including in the UK, renewable energy contributions to electricity grids are increasingly important.
From an insurance perspective, this rapid expansion of renewable energy presents significant opportunities for the industry. As the integration of renewables into existing energy systems becomes more critical, there will be an increasing need for specialised insurance products that address the unique risks associated with renewable energy projects. These risks can include operational disruptions, regulatory changes, environmental liabilities, and the complexities of new technologies.
Insurers that develop tailored coverage options for renewable energy projects can position themselves as leaders in this emerging market. By understanding the specific challenges faced by solar farms, wind energy producers, and other renewable initiatives, insurance providers can create innovative solutions that not only protect these investments but also encourage further growth in the sector.
The significant growth of renewable energy generation not only underscores the urgency of transitioning to sustainable energy sources but also highlights the potential for new business opportunities and insurance solutions that cater to this evolving market. As the global energy landscape continues to shift, stakeholders across the board, including insurers, must adapt to leverage the benefits of this renewable revolution.
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