Codan | Reducing the cost of offshore wind through risk improvement by involving insurers proactively

With 25 years of experience, and a pioneer role as offshore wind insurer, has given Codan very deep insights in the different risk profiles of offshore wind projects.

These insights can be shared for the purpose of mitigating risks and ultimately reducing the overall costs of offshore wind.

Insurers have historically been taking a reactive role by only getting involved in the financial settlement when damage happens and claims occur.

However, given the gained experience, there is much potential for projects, utilities and developers to learn from insurers and collaborate more proactively in building projects with a solid risk profile.