Offshore wind, insurance and the cost of failure

Although there is clear appetite within the insurance market, capacity remains limited and constraints on insurability are inevitable for complex and rapidly developing technologies

THE GLOBAL energy system has faced recent scares of a major supply shock. Even before the 2026 conflict involving Iran again exposed the world’s dependence on oil and gas, energy security concerns were already accelerating the shift towards renewables — with offshore wind playing an integral role in that transition.