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ARTICLE · 10 OCTOBER 2024

How Power Sector Trends Are Impacting Key Geographies In 2024

WTW
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Global power insurance markets face key challenges such as coal exposure, supply chain disruptions, and U.S. regulatory pressures. Despite this, 2024 sees a softening market, with regional variations. Insurers and power companies are adjusting strategies, focusing on efficiency, sustainability, and risk management.

GlobalEnergy and Natural Resources
Rupert Mackenzie
Rupert Mackenzie
Graham Knight
Graham Knight

In this article from the 2024 Power Market Review, we explore how trends are evolving in key regions and geographies for the power sector.

While the risks faced by particular countries may vary, key trends impacting (re)insurer appetite, terms and pricing remain a constant: coal; supply chain; and U.S. exposures. Despite these headwinds, a general softening of market conditions echoes around the world, and power companies are mobilizing to right-size their insurance strategies.

In depth: How 2024 power market trends are playing out in critical geographies

United States

By Alex Forand, Head of U.S. Power and Utilities Broking, Natural Resources

The traditional power sector faces increasing pressure from regulatory frameworks aimed at reducing carbon emissions and promoting sustainability. Utility companies are investing in upgrading infrastructure and adopting cleaner technologies to comply with these regulations. Despite these challenges, traditional

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