Premiums Down, Standards Up: Is the Insurance Market Matching BESS Reality

The BESS insurance market is maturing, as fire incident data improves, and burn assessments demonstrate reductions in risk, the question now is how quickly this will change premium pricing. What can asset managers do to make sure their risk is understood and valued accurately?

• What information does the insurance market not have access to, and how can that gap be filled?
• How should asset owners be presenting their cyber risk profile?
• What does a robust warranty structure look like from an insurer’s perspective?
• Looking forward, what does the BESS insurance market look like?