Renewable Energy Insurance Market Size to Reach USD 27.24 Billion by 2030, Driven by Growing Clean Energy Deployment and Weather Risk Exposure

According to Mordor Intelligence, global renewable energy insurance market size reached USD 18.77 billion in 2025 and is forecast to attain USD 27.24 billion by 2030, reflecting a 7.73% CAGR. The market reflects the increasing integration of insurance into renewable project lifecycles. As renewable projects mature into critical infrastructure, stakeholders, including investors, lenders, and developers, are prioritizing comprehensive coverage to safeguard against potential operational and environmental risks. This growing reliance on insurance ensures financial stability, supports regulatory compliance, and strengthens investor confidence in renewable portfolios. 

Renewable Energy Insurance Market Segmentation 

• By Coverage Type: Property Damage & Business Interruption, Construction All-Risk/Erection All-Risk, and others. 
• By Renewable Energy Technology: Onshore Wind, Offshore Wind, Utility-Scale Solar PV, Hydropower, and others. 

Emerging Industry Dynamics 

• Rising investments in large-scale wind and solar assets increasing coverage demand. 
• Growing frequency of natural disasters boosting need for specialized risk-transfer solutions. 
• Governments embedding climate risk compliance in project financing policies. 
• Investors emphasizing ESG-backed insurance for greater bankability and transparency. 

Renewable Energy Insurance Leading Companies 

• Marsh McLennan 

• Willis Towers Watson (WTW) 

• Aon 

• Munich Re 

• Swiss Re 

• Liberty Specialty Markets 

• GCube Insurance 

• Axis Capital 

• Zurich Insurance 

• Chubb 

Regional Leader 

Europe holds the largest share of the Renewable Energy Insurance Market, supported by unified climate regulations and advanced risk management frameworks. Countries like Germany, the United Kingdom, and France have established strong renewable energy portfolios with standardized insurance practices. The region’s integrated policy environment, underpinned by the European Green Deal and ESG-focused financing, continues to attract major insurers and reinsurers. This consistency in regulation and transparency has positioned Europe as a model for other markets transitioning to sustainable energy-backed insurance ecosystems. 

Future Outlook 

The Renewable Energy Insurance Market is set for sustained expansion beyond 2030 as more nations accelerate renewable deployment and adopt climate-resilient energy strategies. Insurers are expected to introduce tailored solutions for hybrid and storage-integrated projects while leveraging advanced analytics to better price risks. Emerging markets in Asia-Pacific, Latin America, and Africa will witness rising demand as large-scale solar and wind portfolios expand. 

Get the latest industry insights on the renewable energy insurance market: https://www.mordorintelligence.com/industry-reports/renewable-energy-insurance-market?utm_source=Industrytoday.co.uk 

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