Renew Risk

🚀 Big news from Renew Risk! We’re thrilled to announce that Renew Risk has raised £5 million in a funding round led by Molten Ventures, with participation from Lloyd's of London, and existing investor Insurtech Gateway. Details here - https://lnkd.in/dQEiRGTJ and https://lnkd.in/d6_Z5Z8k This funding is a huge step forward in our mission to revolutionise risk modelling and analytics for renewable energy assets such as offshore wind farms and solar farms, empowering stakeholders to navigate complex risks. 🌍⚡ Our cutting-edge solutions provide unmatched insights to (re)insurers, brokers, developers, and asset managers—helping them make data-driven decisions for resilient coverage and investments. Here’s what our CEO and Co-Founder, Ashima Gupta, had to say: "We are thrilled to have the support of Molten Ventures and Lloyd’s of London, two powerhouses in innovation and insurance. This investment will accelerate our ability to build sophisticated risk models for the renewable energy sector, empowering stakeholders to navigate the complex challenges of disaster risk with confidence." The investment will help us: ✅ Enhance our proprietary risk modelling suite ✅ Expand our team of experts ✅ Extend our global market reach A big thank you to our investors, partners, and clients for believing in our vision. Together, we’re shaping the future of renewable energy! 💚🌟 George Chalmers, CFA Mohadeseh A. Oliver Pink Richard Chattock Hannah Leonard Stephen Brittain Dom Nolan Robert Lumley Warren Clegg Jatinder Singh Amit Sharma Chris Adelsbach Victoria Peppiatt Gaurav Chawla Prof Subhamoy (Suby) Bhattacharya Joshua Macabuag FREng MICE Ashima Gupta Aaron Bent Ingrid C. Raphael Bidinger José M. Moratalla Campuzano Özlem Tok KasiViswanadh Ganga Prakhya Athanasios Gkimprixis Catherine Tillyard Tom Sexton James Havard - CCRMP Fraser McLachlan Sayan Bhattacharyya Will Lovegrove William Mortimore Jenny Ritchie Jim Shaikh M Ross Manning Rishabh Kaul John Spindler

🌊 Extreme Waves: A Growing Risk for Offshore Wind in Europe The North Sea has long been a hub for offshore wind, but new research reveals that freak waves are more common than previously thought—posing a serious threat to offshore wind infrastructure and vessels. Recharge News explores these challenges and features insights from our Chief Scientific Officer, Prof Subhamoy (Suby) Bhattacharya, whose expertise in offshore wind risks provided valuable context. His perspective highlights the vulnerability of inter-array cables (IACs)—often buried, but with exposed sections that are particularly at risk from extreme waves. Installation errors can further amplify these risks, leading to costly repairs and operational downtime. At Renew Risk, we specialise in modelling extreme weather risks for offshore wind farms across the UK and Europe, helping developers and operators strengthen their projects against such unpredictable forces. As offshore wind expands in the North Sea and beyond, a deeper understanding of these risks is essential for long-term resilience and success. Thanks to Cosmo Sanderson and the Recharge team for spotlighting this critical issue and incorporating Prof Bhattacharya’s expertise. 🔗Check out Recharge’s original post here https://lnkd.in/dgf6DT6C and original German research here https://lnkd.in/d3b6SQ5s #OffshoreWind #ExtremeWeather #RenewRisk #NorthSea #Europe #WindEnergy #RiskManagement #Renewables #CableIntegrity #EnergyTransition Suryakanta Biswal Joshua Macabuag FREng MICE Aaron Bent Ashima Gupta Michael Walker George Nikitas Athanasios Gkimprixis Ingrid C. Raphael Bidinger Saleh Jalbi Trevon Joseph

"Offshore wind farms are crucial to renewable energy, but these complex infrastructures encounter a variety of climate, environmental and capital risks." – Nasdaq At Renew Risk, we specialise in catastrophe modelling tailored for the offshore wind sector, equipping insurers and asset owners with the insights they need to navigate risk with confidence. We’re pleased to see Nasdaq acknowledge the importance of advanced risk models and together serving industry partners like Convex Insurance and McGill and Partners in shaping the future of offshore wind. The future of renewable energy depends on robust risk management, and we’re here to make that happen. Learn more here: https://lnkd.in/eJnFUfww James Lay Ashima Gupta Prof Subhamoy (Suby) Bhattacharya Joshua Macabuag FREng MICE Aaron Bent Ingrid C. Raphael Bidinger José M. Moratalla Campuzano Özlem Tok KasiViswanadh Ganga Prakhya Sayan Bhattacharyya Athanasios Gkimprixis Insurtech Gateway Richard Chattock Hannah Leonard George Chalmers, CFA James Havard - CCRMP Catherine Tillyard Tom Sexton

Renew Risk at RAA - Reinsurance Association of America 2025 event at Orlando. The RAA Catastrophe Risk Management Conference is a premier event for the (re)insurance industry, convening experts to discuss emerging risks, modelling innovations, and market trends. Renew Risk is honoured to participate in this year's conference with both a booth and a speaking session. We will share insights on the latest advancements in renewable energy catastrophe modelling, aiding insurers and reinsurers in navigating the evolving risk landscape. Our session will cover: - Innovative methodologies in modelling renewable energy risks - The intersection of renewable energy, catastrophe risk, limits and (re)insurance We are excited to connect with industry peers. If you're attending RAA 2025 in Orlando, we invite you to visit our booth and attend our session. See you there! #RAA2025 #Reinsurance #CatastropheRisk #RenewableEnergy #RiskModelling Prof Subhamoy (Suby) Bhattacharya Joshua Macabuag FREng MICE Aaron Bent Ingrid C. Raphael Bidinger José M. Moratalla Campuzano Özlem Tok KasiViswanadh Ganga Prakhya Sayan Bhattacharyya Athanasios Gkimprixis

Renew Risk is delighted to welcome Athanasios Gkimprixis as our new Senior Risk Scientist. With deep expertise in catastrophe model development from his time at Aon and a strong academic foundation in civil and earthquake engineering from the University of Strathclyde, UCL, and the Aristotle University of Thessaloniki, Athanasios brings a wealth of experience to our team. His expertise will be instrumental as we continue to develop risk analytics in renewable energy. "I'm excited to join Renew Risk and contribute to advancing catastrophe modelling and risk analytics for the renewable sector. Looking forward to working with this exceptional team!" Welcome aboard, Athanasios! Prof Subhamoy (Suby) Bhattacharya Joshua Macabuag FREng MICE Aaron Bent Ingrid C. Raphael Bidinger José M. Moratalla Campuzano Özlem Tok KasiViswanadh Ganga Prakhya Sayan Bhattacharyya

🌏 🚀 🚀 **Exciting Announcement from Renew Risk!** 🚀 🚀 🌏   We’re thrilled to announce the launch of our **Taiwan Typhoon and Taiwan Earthquake Catastrophe Risk Models** for Offshore Windfarms, designed to provide our clients with deeper insights and actionable input to underwrite the evolving risks in this region are now LIVE.   These models alongside our already live US East Coast Hurricane Risk Models combine our cutting-edge analytics with input from our esteemed co-development Clients McGill and Partners, Tokio Marine HCC International GCube Insurance and Convex Insurance.   Our models will help (re)insurers and offshore wind farm developers in better understanding the risks associated with Typhoons and Earthquakes on Offshore Windfarms being constructed and operating in Taiwan. Our Offshore Wind Taiwan Catastrophe Risk Models offer our clients the insights they need to stay ahead in an ever-changing landscape. Key Uses -         Underwriting (e.g. pricing, limits, risk-selection) -         Exposure Management & Capital Setting (e.g. aggregations, tail scenario analyses)   Key features include: - All Cat Model loss metrics (AAL, EP, YLT, ELT) - Exposure modelling of turbines, cables, substations (& IED of all assets scheduled until 2032) - Vulnerability for, e.g. foundation-types, turbine sizes, cable-protection system, etc - Typhoon modelling of wind + wave - Earthquake modelling of shaking + landslide & liquefaction - Operational and Construction scenarios, including laydown areas   At Renew Risk, we’re committed to empowering the insurance sector with the intelligence they need to make informed decisions. With our new Offshore Wind Taiwan Risk Models, you can be confident in your risk management strategy as you move forward to underwrite risk in this region.   Our US and Taiwan Risk models, built on the Oasis Loss Modelling Framework Ltd., are now available to clients via our own cloud platform (AWS) or via Nasdaq’s Risk Modelling Platform.   We would also like to take this opportunity to thank our clients Mc Gill & Partners, Convex Insurance and GCube, and to Oasis, for their co-development support without whom this would not have been possible. We are actively looking to partner with new insurance companies as we bring more products to the market in 2025.   If you would like to find out more about how to partner with us or would like a demo to learn more about how our Catastrophe Risk Models work then please feel free to reach out to us on info@renew-risk.com.   #RiskManagement #TaiwanRisk #RenewRisk #OffshoreWind #CatastropheRiskModels #DataAnalytics #RiskModels

It was a pleasure to be exhibiting at the UK Offshore Wind Spotlight 2024 event. The event brought together several UK start ups showcasing their cutting edge solutions in Offshore Wind and an opportunity to connect with leading offshore wind developers and industry experts. Thank you Offshore Wind Growth Partnership | Claire Canning, ANIL SAYHAN and Offshore Renewable Energy Catapult for a great event. reNEWS - Renewable Energy News | EnBW Generation UK | bp | Equinor | Ørsted| BlueFloat Energy | The Crown Estate | West of Orkney Windfarm | Scottish Renewables | Innovate UK | RenewableUK |Equinor   #OWIC #SpotlightOnSupplyChain #SupplyChain #OffshoreWind #UKOffshoreWind #RenewableEnergy #OffshoreEvent #OffshoreSupplyChain

🌟 Pioneering Insights at the International Symposium on Offshore Geotechnics (ISOG2024) 🌍 We’re proud to share that our Chief Scientist, Prof Subhamoy (Suby) Bhattacharya, recently attended and actively contributed to the International Symposium on Offshore Geotechnics (ISOG2024). This prestigious event brought together global leaders in offshore geotechnics, focusing on advancing our understanding of offshore wind and infrastructure resilience. Prof. Bhattacharya engaged in enriching discussions with esteemed colleagues, including Professor Phil Watson from the University of Western Australia, a luminary in offshore geotechnics and Sumanta Haldar from IIT Bhubaneshwar, an authority on offshore wind turbine geotechnical engineering. Prof. Bhattacharya’s participation at ISOG2024 represents another step forward in Renew Risk’s commitment to driving innovation and knowledge in offshore wind risk assessment. The insights gained and connections forged here strengthen our mission to enhance resilience in renewable energy infrastructure—a core value we uphold at Renew Risk. Ashima Gupta | Joshua Macabuag FREng MICE | Ingrid C. | Raphael Bidinger | Aaron Bent | Hannah Leonard | Dom Nolan | Richard Chattock #RenewableEnergy #OffshoreWind #Insurance #Innovation #RiskManagement

🌟 Exciting News We are honoured to share that tomorrow, Renew Risk Chief Product Officer, Joshua Macabuag FREng MICE, will participate in the MacRobert Award Special event hosted by the Royal Academy of Engineering. Joshua will join a distinguished panel, featuring Peter Battaglia, Professor Penelope Endersby CBE FREng and Sir Richard Friend FREng FRS. Together, they will explore the transformative impact of AI in delivering critical weather warnings and improving risk management. 🌩️✨ It’s a privilege to see Joshua alongside such respected figures in the field, contributing to the conversation around innovation and resilience in the face of climate challenges. 🔗 Find out more here: https://lnkd.in/dsyN7heV. Aaron Bent Prof Subhamoy (Suby) Bhattacharya Ashima Gupta Ingrid Charvet, PhD Elizabeth Mae Hagen

Renew Risk team is excited to attend WindEnergy Hamburg from 24-27 September! Aaron Bent, our Head of Business development will be at the event.   We’re looking forward to connecting with industry peers, clients, and partners as we continue driving innovation in renewable energy risk solutions.   Don’t hesitate to reach out – let’s meet and explore how we can collaborate!   #WindEnergyHamburg #RenewableEnergy #RiskManagement #RenewRisk Ashima Gupta Joshua Macabuag FREng MICE Ingrid Charvet, PhD Raphael Bidinger Richard Chattock Dom Nolan Hannah Leonard