McGill and Partners has partnered with Renew Risk to develop bespoke catastrophe models tailored for offshore wind portfolios. These new catastrophe models are set to revolutionise risk assessment for insurers, particularly in the context of offshore wind projects. These innovative models provide insurers with enhanced tools to assess and understand risks associated with offshore wind ventures, ultimately supporting the growth of this critical sector. Integrating data and analytics in catastrophe modelling brings a data-driven approach to risk evaluation, fostering a more comprehensive understanding of the unique challenges offshore wind projects pose. Read more here: https://lnkd.in/eu6YRaKi #InsuranceInnovation #RenewableEnergy #RiskAssessment #CatastropheModels #DataAnalytics #InsurTech