
How Insurance Supports Business Growth from SME to Mid-Corporate
Sarah Stanford, CEO Aspen UK, recently spoke at the ABI Conference on how insurance can support business growth from SME to Mid-Corporate. The panelists discussed...
Head of U.S. Environmental, Mike Padula was featured in the July/August issue of Risk & Insurance that addresses how insurers will need to employ innovation, including AI, improved modeling, parametric insurance and forensic-level analysis, to help mitigate emerging exposures renewable energy producers are facing. From the perspective of Environmental Liability, Mike points out green liabilities face unique risks, and better data and expertise are required to tailor and accurately price solutions for the insureds. He cites insurers and brokers need to educate “the industry on why environmental is really needed to protect their balance sheet.” He added that while renewables may be a young industry, “the environmental space is now a mature space within the insurance sector — there’s a lot of expertise in the area to foresee environmental issues.” Read the Risk & Insurance article here.
Aspen remains committed to collaborating with partners in the Climate Insurance space. In January 2023, Aspen and kWh Analytics launched an industry first, data-led product that encourages resilient design, construction and management of solar assets. You can learn more about this partnership and other initiatives Aspen supports in our 2023 Sustainability Report.
It’s incumbent on insurers and our brokers to get a better understanding of the changes happening within the renewable energy space
Mike Padula Head of U.S. Environmental