GCube Insurance has warned that insurers and asset managers must change their policies around renewable ##s risks , with claims in the market increasing in frequency and seriousness . He stressed the value of dialogue between insurers and insureds as a way to tackle these issues collectively. The clean energy specialists say this rise over the last few years is a result of extreme weather worsening , as well as component vulnerability , faulty designs and inadequate original equipment manufacturer warranties . GCube said it had found the renewables industry faced cost pressures affecting asset integrity and sustainable insurance pricing . It agreed the insurance market had not kept up with renewables ’ growth and recommended all parties involved engage in greater dialogue .
GCube Insurance has warned that insurers and asset managers must change their policies around renewable ##s risks , with claims in the market increasing in frequency and seriousness . The clean energy specialists say this rise over the last few years is a result of extreme weather worsening , as well as component vulnerability , faulty designs and inadequate original equipment manufacturer warranties . GCube said it had found the renewables industry faced cost pressures affecting asset integrity and sustainable insurance pricing . It agreed the insurance market had not kept up with renewables ’ growth and recommended all parties involved engage in greater dialogue .