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Wind speed volatility offers billion dollar opportunity for insurers

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A report by U.K.-based insurance underwriter GCube Underwriting Ltd. has highlighted the potential for insurers, reinsurers and insurance-linked securities players to capitalize on the billion-dollar opportunity wind speed volatility can have on wind energy sector, Artemis.bm reports. 

The report said that the underperformance of wind energy resources, which is driven by unforeseen and widespread climatic phenomena, is the main driver of wind energy projects failing to achieve expected results. 
This gives insurers, reinsurers and ILS players the opportunity to develop solutions that address the issue.

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