What rebuilding nuclear power means for UK insurers

While the next generation of nuclear power offers significant growth opportunities, it also introduces a new generation of risks that require careful calibration of policy wordings, aggregation management and capital deployment

AS ENERGY security concerns intensify and the transition to net zero accelerates, nuclear power has firmly re-entered the UK’s long-term energy strategy. The government’s Civil Nuclear Roadmap to 2050, targeting 24 gigawatts (GW) of nuclear capacity, reflects a deliberate shift back toward dispatchable, low carbon baseload generation.