{"id":57450,"date":"2025-09-11T14:30:08","date_gmt":"2025-09-11T14:30:08","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/57450\/"},"modified":"2025-09-11T14:30:08","modified_gmt":"2025-09-11T14:30:08","slug":"new-power-market-review-from-willis","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/57450\/","title":{"rendered":"New Power Market Review From Willis –"},"content":{"rendered":"

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The generation of energy and power continues to transition and this presents opportunities for many insurance brands;<\/p>\n

After years of navigating tough market conditions, power companies are beginning to see relief. Capacity is returning, competition among insurers is intensifying and pricing is easing, shifting the balance decisively in favour of buyers, according to the Power Market Review<\/a>\u00a0published today by Willis, a WTW business (NASDAQ: WTW).<\/p>\n

Insurers are actively competing for business, with power and utilities companies achieving mid to high double-digit rate reductions for property damage and business interruption. Long-term agreements and no-claims bonuses are making a return, while local markets are gaining underwriting authority, boosting responsiveness and competition. Although softening conditions are extending into international liability markets, these are tempered by the impacts of climate change and decarbonisation pressures. In response, buyers are increasingly turning to captives and alternative risk financing, retaining more risk internally as they navigate ongoing market volatility.<\/p>\n

Key takeaways from the review include:<\/p>\n