Analysing the risk in renewable energy: The insurance perspective

Markel investigates the intrinsic risks linked to the renewable energy sector and associated technologies.

The renewable energy industry continues to develop apace, amid gathering momentum for the world to move to more sustainable modes of energy creation.

Within each specific renewable sector, you have a wide range of components–and therefore risks–to consider, and this leads to a variety of complex issues for an insurer to take into account.

It is therefore pertinent to consider each sector on its individual merits–and pitfalls–in order to gauge its risk profile, measuring against the same criteria each time to produce a score that rates it against its peer technologies.

To this end, we have created the renewable energy risk monitor, intended to provide clients and brokers alike a unique insight into the risk profile of renewable energy sector and related industry technologies.

Jan Pagán joined Markel in February 2023 as a Risk Control Engineer in our Marine & Energy team.

He began his career in the aerospace sector where he worked as a Senior Structural Design Engineer at Pratt & Whitney. After obtaining his MSc, he joined EDF as an Operations and Maintenance Engineer. He then transitioned to insurance as a Renewables Loss Adjuster, responsible for handling all types of renewable energy claims.

Jan is responsible for building collaborative relationships with insured clients, establishing Markel as a leader in renewable energy engineering services, providing pre-binding project risk reviews for underwriters, and performing risk assessment surveys on the projects where Markel is lead insurer.

Jan holds a BSc in Mechanical Engineering from the Universidad Politéchnica de Puerto Rico and an MSc in Renewable Energy Hybrid Systems from the Universidad de Zaragoza and Kasel University.