Table No.

Session 1: 14.15-14.45

Table No.

Session 2: 14.50-15.20

1

Recent Developments in Utility-Scale Solar Site Weather Damage Claims

Facilitator: Roderick Rennison, Senior Vice President Global Energy Services, Rimkus

Synopsis: This roundtable will address new developments in solar tracker and PV module technology to attempt to limit wind and hail damage, following more massive losses in the US, as well as new research regarding microcracking and autonomous inspection technologies.

• –          Does the market still have an appetite to insure these huge solar assets in light of recent US losses, and is the market seeing similar losses around the world?

• • • –          What sort of due diligence should you do before underwriting these assets?

    • • • –          Should your insurance policy require ongoing microcrack monitoring to ensure you have a reliable baseline measure of damage?

        • • • –          Do you foresee any major changes in the design of these sites to minimize storm damage?

            •  

1

Recent Developments in Utility-Scale Solar Site Weather Damage Claims

Facilitator: Roderick Rennison, Senior Vice President Global Energy Services, Rimkus

Synopsis: This roundtable will address new developments in solar tracker and PV module technology to attempt to limit wind and hail damage, following more massive losses in the US, as well as new research regarding microcracking and autonomous inspection technologies.

• –          Does the market still have an appetite to insure these huge solar assets in light of recent US losses, and is the market seeing similar losses around the world?

• • • –          What sort of due diligence should you do before underwriting these assets?

  • • –          Should your insurance policy require ongoing microcrack monitoring to ensure you have a reliable baseline measure of damage?

    • –          Do you foresee any major changes in the design of these sites to minimize storm damage?

2

Recent Developments in Utility-Scale Solar Site Weather Damage Claims

Facilitator: Steven Horne, Managing Director – Global Insurance Operations, Rimkus/CCi

Synopsis: This roundtable will address new developments in solar tracker and PV module technology to attempt to limit wind and hail damage, following more massive losses in the US, as well as new research regarding microcracking and autonomous inspection technologies.

• –          Does the market still have an appetite to insure these huge solar assets in light of recent US losses, and is the market seeing similar losses around the world?

• –          What sort of due diligence should you do before underwriting these assets?

• –          Should your insurance policy require ongoing microcrack monitoring to ensure you have a reliable baseline measure of damage?

• –          Do you foresee any major changes in the design of these sites to minimize storm damage?

2

Recent Developments in Utility-Scale Solar Site Weather Damage Claims

Facilitator: Steven Horne, Managing Director – Global Insurance Operations, Rimkus/CCi

Synopsis: This roundtable will address new developments in solar tracker and PV module technology to attempt to limit wind and hail damage, following more massive losses in the US, as well as new research regarding microcracking and autonomous inspection technologies.

• –          Does the market still have an appetite to insure these huge solar assets in light of recent US losses, and is the market seeing similar losses around the world?

• –          What sort of due diligence should you do before underwriting these assets?

• –          Should your insurance policy require ongoing microcrack monitoring to ensure you have a reliable baseline measure of damage?

• –          Do you foresee any major changes in the design of these sites to minimize storm damage?

3

Recent Developments in Wind Turbine Technology

Facilitator: Blanca Abellan, Associate Director, Rimkus/CCi

Synopsis: This round table will address new research in wind turbine technology to attempt to improve performance and limit ongoing losses.  It will address increasing turbine size, blade technologies, LPS developments, asset management technologies, and rising environmental concerns. 

• –          Does the market think there will be an acceleration in the construction of new wind farms around the world in light of the recent slowdown resulting from increased capital costs and interest rates?

• –          What are the most common types of losses that the market is seeing, and where are the biggest concerns for the insurance market moving forward?

• –          What can project investors, developers, and manufacturers do to help reduce operational costs and claims?

  –          Do you foresee floating offshore wind gaining ground anytime soon?

3

Recent Developments in Wind Turbine Technology

Facilitator: Blanca Abellan, Associate Director, Rimkus/CCi

Synopsis: This round table will address new research in wind turbine technology to attempt to improve performance and limit ongoing losses.  It will address increasing turbine size, blade technologies, LPS developments, asset management technologies, and rising environmental concerns. 

• –          Does the market think there will be an acceleration in the construction of new wind farms around the world in light of the recent slowdown resulting from increased capital costs and interest rates?

• –          What are the most common types of losses that the market is seeing, and where are the biggest concerns for the insurance market moving forward?

• –          What can project investors, developers, and manufacturers do to help reduce operational costs and claims?

  –          Do you foresee floating offshore wind gaining ground anytime soon?

4

Recent Developments in Wind Turbine Technology

Facilitator: Rob Coupe, Managing Director, Rimkus/CCi

Synopsis: This round table will address new research in wind turbine technology to attempt to improve performance and limit ongoing losses.  It will address increasing turbine size, blade technologies, LPS developments, asset management technologies, and rising environmental concerns. 

• –          Does the market think there will be an acceleration in the construction of new wind farms around the world in light of the recent slowdown resulting from increased capital costs and interest rates?

• –          What are the most common types of losses that the market is seeing, and where are the biggest concerns for the insurance market moving forward?

• –          What can project investors, developers, and manufacturers do to help reduce operational costs and claims?

  –          Do you foresee floating offshore wind gaining ground anytime soon?

4

Recent Developments in Wind Turbine Technology

Facilitator: Rob Coupe, Managing Director, Rimkus/CCi

Synopsis: This round table will address new research in wind turbine technology to attempt to improve performance and limit ongoing losses.  It will address increasing turbine size, blade technologies, LPS developments, asset management technologies, and rising environmental concerns. 

• –          Does the market think there will be an acceleration in the construction of new wind farms around the world in light of the recent slowdown resulting from increased capital costs and interest rates?

• –          What are the most common types of losses that the market is seeing, and where are the biggest concerns for the insurance market moving forward?

• –          What can project investors, developers, and manufacturers do to help reduce operational costs and claims?

  –          Do you foresee floating offshore wind gaining ground anytime soon?

5

Insurance Solutions for New Nuclear Innovation

Facilitator: Zemfira Knott, Director, Northcourt

Synopsis: The UK is poised to become a leading force in the development of new nuclear technologies, particularly Small Modular Reactors (SMRs). Likewise, Lloyd’s of London aspires to be the insurer of the net zero transition, offering global industries the support needed to decarbonise, while advocating for the shift to sustainable business models.

This roundtable aims to enhance understanding of these crucial net zero technologies amid growing interest in new nuclear innovation and supported by billions of dollars in private and state investment. The discussion will address the nuclear insurance and risk transfer requirements for nuclear developers, operators, and the investor community and highlight the enormous opportunities for the insurance sector in the coming decade. 

5

Insurance Solutions for New Nuclear Innovation

Facilitator: Zemfira Knott, Director, Northcourt

Synopsis: The UK is poised to become a leading force in the development of new nuclear technologies, particularly Small Modular Reactors (SMRs). Likewise, Lloyd’s of London aspires to be the insurer of the net zero transition, offering global industries the support needed to decarbonise, while advocating for the shift to sustainable business models.

This roundtable aims to enhance understanding of these crucial net zero technologies amid growing interest in new nuclear innovation and supported by billions of dollars in private and state investment. The discussion will address the nuclear insurance and risk transfer requirements for nuclear developers, operators, and the investor community and highlight the enormous opportunities for the insurance sector in the coming decade. 

6

First-of-a-Kind Technology Projects: The Role of Technology Performance Insurance

Facilitator: Richard Riley, Managing Director of Business Development, New Energy Risk

Synopsis: Tackling the climate crisis requires rapid innovation and the deployment of massive amounts of capital towards infrastructure containing novel technology. For a technology developer or project developer aiming to finance new technology, doing so efficiently and quickly is a challenge. The gauntlet that new technologies must run to bridge the gap between small-scale piloting and market acceptance is often referred to as the Valley of Death, and it is very real. Join this roundtable hosted by New Energy Risk for a facilitated discussion regarding the perspectives of the various stakeholders in this problem and how a surgical transfer of technology risk can help early projects get done.

6

First-of-a-Kind Technology Projects: The Role of Technology Performance Insurance

Facilitator: Richard Riley, Managing Director of Business Development, New Energy Risk

Synopsis: Tackling the climate crisis requires rapid innovation and the deployment of massive amounts of capital towards infrastructure containing novel technology. For a technology developer or project developer aiming to finance new technology, doing so efficiently and quickly is a challenge. The gauntlet that new technologies must run to bridge the gap between small-scale piloting and market acceptance is often referred to as the Valley of Death, and it is very real. Join this roundtable hosted by New Energy Risk for a facilitated discussion regarding the perspectives of the various stakeholders in this problem and how a surgical transfer of technology risk can help early projects get done.

7

Battery Storage

Facilitator: Alastair Nicklin, Business Development Associate, Marsh

Synopsis: Battery Storage is a crucial component of the energy transition, stabilising power grids and supporting the inherent intermittency of renewable power generation. In this session we will discuss the challenges and opportunities in the sector, both on the client’s side and insurance markets side, including how fire risk has changed over time, revenue volatility and battery chemistry.

7

Battery Storage

Facilitator: Alastair Nicklin, Business Development Associate, Marsh

Synopsis: Battery Storage is a crucial component of the energy transition, stabilising power grids and supporting the inherent intermittency of renewable power generation. In this session we will discuss the challenges and opportunities in the sector, both on the client’s side and insurance markets side, including how fire risk has changed over time, revenue volatility and battery chemistry.

8

Energy Islands

Facilitator: Phani Manne, Senior Advisor, Risk Engineer, Gard

Synopsis: Phani will discuss the island’s layout, facilities and the challenges with insurance.

• –          What does an Energy Island look like?

• –          What facilities can be included on it?

• –          Can currently available offshore wind insurance products be used? If not, what does the insurance of an artificial energy island look like?

• –          Does the market have the capacity to insure this single point exposure?

• –          If the facilities are owned by various entities, does the third-party liability become a major issue to consider?

• –          Given the various types of offshore windfarm development processes, how complicated can it get if the island is connected to various countries?

• –          Offshore bunkering – The risks that come with when commercial vessels bunker P2X fuels at the island.

8

Energy Islands

Facilitator: Phani Manne, Senior Advisor, Risk Engineer, Gard

Synopsis: Phani will discuss the island’s layout, facilities and the challenges with insurance.

• –          What does an Energy Island look like?

• –          What facilities can be included on it?

• –          Can currently available offshore wind insurance products be used? If not, what does the insurance of an artificial energy island look like?

• –          Does the market have the capacity to insure this single point exposure?

• –          If the facilities are owned by various entities, does the third-party liability become a major issue to consider?

• –          Given the various types of offshore windfarm development processes, how complicated can it get if the island is connected to various countries?

• –          Offshore bunkering – The risks that come with when commercial vessels bunker P2X fuels at the island.

9

Defects, Damage and Energy Transition

Facilitator: Leah Wood, Senior Associate, DWF Law

Synopsis: The question of defects – and more recently, serial defects – presents consistent challenges to insurers and insureds. How can we adapt defects cover to the ever-changing energy landscape? Topics for discussion will include:

• –          Defect versus damage

• –          Jurisdictional differences

• –          Defects clauses in oil and gas policies

• –          Defects clauses in renewables policies

9

Defects, Damage and Energy Transition

Facilitator: Leah Wood, Senior Associate, DWF Law

Synopsis: The question of defects – and more recently, serial defects – presents consistent challenges to insurers and insureds. How can we adapt defects cover to the ever-changing energy landscape? Topics for discussion will include:

• –          Defect versus damage

• –          Jurisdictional differences

• –          Defects clauses in oil and gas policies

  • –          Defects clauses in renewables policies

  •  

10

A Legal Review of ‘Damage’

Facilitators: Giuseppe Picanza, Senior Associate, Kennedys & Lourenzo Fernandez, Associate, Kennedys

Synopsis: This session will dive into the legal definition of damage, raise common issues in the form of targeted case studies and encourage discussion and debate in an area that has seen a high concentration of judicial attention in England and internationally. We will also take a look into the future issues in light of a number of recent and high-profile judgements.

10

A Legal Review of ‘Damage’

Facilitators: Giuseppe Picanza, Senior Associate, Kennedys & Lourenzo Fernandez, Associate, Kennedys

Synopsis: This session will dive into the legal definition of damage, raise common issues in the form of targeted case studies and encourage discussion and debate in an area that has seen a high concentration of judicial attention in England and internationally. We will also take a look into the future issues in light of a number of recent and high-profile judgements.

11

Serial Defect Claims

Facilitators: Jonathan Embling, Senior Associate, Kennedys & Virginia Zarin, Associate, Kennedys

Synopsis: With offshore wind capacity projected to increase significantly coupled with advancements in technology, the risk of serial defect losses continue to be a key consideration in the underwriting of offshore wind projects and resulting claims. In this session we will be discussing:

• –          The scope and effect of Series Loss Clauses

• –          Aggregation of losses following recent case law developments in England

• –          Possible recourse against suppliers/manufacturers   

11

Serial Defect Claims

Facilitators: Jonathan Embling, Senior Associate, Kennedys & Virginia Zarin, Associate, Kennedys

Synopsis: With offshore wind capacity projected to increase significantly coupled with advancements in technology, the risk of serial defect losses continue to be a key consideration in the underwriting of offshore wind projects and resulting claims. In this session we will be discussing:

• –          The scope and effect of Series Loss Clauses

• –          Aggregation of losses following recent case law developments in England

• –          Possible recourse against suppliers/manufacturers   

12

The Future of Offshore Renewables

Facilitator: Elliott Ross, Delivery Lead, Verisk Specialty Business Solutions

Synopsis: Join us to discuss the rapid growth and complexity of offshore wind projects and the ways in which risk management solutions are evolving to support the energy transition and allow the offshore wind market to reach its full potential.

12

The Profitability of the Energy Insurance Market

Facilitator: Elliott Ross, Delivery Lead, Verisk Specialty Business Solutions

Synopsis: 2023 was a profitable year for most energy insurers. Was this due to an increase in premiums, a decrease in claims or a combination of the two? How can we use data and analytics to replicate this profitability in future years?

13

The Impact of AI and Machine Learning on Energy Insurance

Facilitator: Chris Spencer, Director of Underwriting Solutions, Verisk Specialty Business Solutions

Synopsis: Delve into the transformative potential and challenges associated with integrating these advanced technologies within the sector. The key focus will be on distinguishing where the main benefit could be; efficiency versus effectiveness. Explore how AI and machine learning can streamline processes, such as risk assessment, capacity management, and predictive analysis.

13

The Impact of AI and Machine Learning on Energy Insurance

Facilitator: Chris Spencer, Director of Underwriting Solutions, Verisk Specialty Business Solutions

Synopsis: Delve into the transformative potential and challenges associated with integrating these advanced technologies within the sector. The key focus will be on distinguishing where the main benefit could be; efficiency versus effectiveness. Explore how AI and machine learning can streamline processes, such as risk assessment, capacity management, and predictive analysis.

14

Pricing Maturity in Energy Insurance 

Facilitator: Colin Baker, SME – Impact, Verisk Specialty Business Solutions

Synopsis: Join us to discuss pricing and rating in relation to Energy Insurance, and the ways in which technology is enabling underwriters to address shifts in underwriting appetite, data challenges and strength of pricing.

14

Pricing Maturity in Energy Insurance 

Facilitator: Colin Baker, SME – Impact, Verisk Specialty Business Solutions

Synopsis: Join us to discuss pricing and rating in relation to Energy Insurance, and the ways in which technology is enabling underwriters to address shifts in underwriting appetite, data challenges and strength of pricing.

15

Connected Risks

Facilitator: Stephen R. Norman, Business Development Director, DNV

Synopsis: Many upcoming projects are looking at increasing challenges on provision of raw materials, vessels, mission critical equipment and personnel at a time when there will be a significant increase to draw upon these reserves. How does the industry support and recognise the connected risks that arise as we start to blend INTOG Assets, Hydrogen, CCUS, Fleet Sharing options, Offshore Grid Networks and increased cross region requirements? How does the process of Total Assurance – Classification, Certification, Verification and Warranty support the industry and it is still fit for purpose as a modular service?

15

Connected Risks

Facilitator: Stephen R. Norman, Business Development Director, DNV

Synopsis: Many upcoming projects are looking at increasing challenges on provision of raw materials, vessels, mission critical equipment and personnel at a time when there will be a significant increase to draw upon these reserves. How does the industry support and recognise the connected risks that arise as we start to blend INTOG Assets, Hydrogen, CCUS, Fleet Sharing options, Offshore Grid Networks and increased cross region requirements? How does the process of Total Assurance – Classification, Certification, Verification and Warranty support the industry and it is still fit for purpose as a modular service?

16

Interconnectors: Effective Connectors or The Weakest Link?

Facilitator: Joe Dutton, Business Development Lead Renewable Energy, AXIS

Synopsis: Interconnectors are a key tool in the energy transition, as their development is part of the essential requirement to build the electricity transmission infrastructure needed for continued and resilient growth of renewable energy. However, linking electricity grids systems between countries (often subsea) comes with numerous risks in construction and operation. Insurance has a critical role in helping industry manage these risks. In this session, let’s discuss:

• –          Main technical risk exposures for interconnector developers and operators

• –          The extent that geopolitics is impacting interconnector development

• –          The claims environment

• –          Are insurers and brokers sufficiently supporting the sector’s growth

• –          Are there knowledge gaps in understanding the risk landscape

16

Interconnectors: Effective Connectors or The Weakest Link?

Facilitator: Joe Dutton, Business Development Lead Renewable Energy, AXIS

Synopsis: Interconnectors are a key tool in the energy transition, as their development is part of the essential requirement to build the electricity transmission infrastructure needed for continued and resilient growth of renewable energy. However, linking electricity grids systems between countries (often subsea) comes with numerous risks in construction and operation. Insurance has a critical role in helping industry manage these risks. In this session, let’s discuss:

• –          Main technical risk exposures for interconnector developers and operators

• • • –          The extent that geopolitics is impacting interconnector development

    • • • –          The claims environment

        • • • –          Are insurers and brokers sufficiently supporting the sector’s growth

            • • • –          Are there knowledge gaps in understanding the risk landscape

                •