Renew Risk Launches Storm Catastrophe Model for U.S. Solar Projects
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Renew Risk launches storm catastrophe model for U.S. solar projects
Renew Risk has launched a catastrophe modeling tool designed to help insurers and reinsurers price the financial risks of severe convective storms for utility-scale solar assets.Renew Risk released its U.S. severe connective storm (SCS) Model to address a gap in how the insurance industry calculates potential losses from hail, tornadoes, and wind. The company reported that while hail represents only 6% of loss incidents, it drives 73% of total f…
Renew Risk launches severe storm model for US market
Risk analytics company Renew Risk today launched its U.S. severe convective storm model. The model provides insurers, reinsurers and brokers the ability to understand and price solar risk. With more projects in the United States being larger, more complex and increasingly located in catastrophe-prone regions, insurers have a unique challenge in assessing risk. Renew Risk’s… The post Renew Risk launches severe storm model for US market appeared f…
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