Renew Risk

🌟 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

Our Condolences to the Communities Affected by Typhoon Yagi We extend our heartfelt sympathy to those who have lost loved ones, livelihoods, and homes due to this catastrophic event. Nobody stands above nature, but collectively, we can strive to learn from these tragedies. In this Recharge news article, Renew Risk Chief Scientist Prof Subhamoy (Suby) Bhattacharya dives into the science behind damage to critical infrastructure, particularly offshore wind and solar farms in the affected areas. Let’s commit to building more resilient infrastructure to withstand future challenges. https://lnkd.in/dZMU2nbc https://lnkd.in/eedkNC5W #RenewableEnergy #OffshoreWind #Insurance #Innovation #RiskManagement Ashima Gupta Joshua Macabuag FREng MICE Ingrid Charvet, PhD Raphael Bidinger Aaron Bent Richard Chattock Dom Nolan Hannah Leonard

🌍 Advancing Earthquake Engineering and Offshore Wind Energy! 🌟 We are thrilled to share that Renew Risk Chief Scientist, Prof Subhamoy (Suby) Bhattacharya, recently attended and presented at the prestigious International Conference on Earthquake Engineering and Resilience hosted by the Institute of Engineering Mechanics, China Earthquake Administration. This significant event, held in conjunction with the 50th anniversary of the founding of the Institute, brought together leading experts from around the globe to explore advancements in earthquake engineering and infrastructure resilience. Prof. Bhattacharya had the distinct honour of co-presenting alongside esteemed colleagues in the field, such as: Professor Nakashima, a distinguished figure in earthquake engineering, who after retiring from Kyoto University—one of Japan's top universities—now contributes his expertise at Kajima Corporation. Prof. Nakashima also serves as the President of the International Association for Earthquake Engineering (IAEEE). Professor Tao Wang, Deputy Director of the China Earthquake Administration and a former student of Prof. Nakashima. Prof. Wang's leadership and contributions to the field are widely recognised, making his participation particularly impactful. Together, they presented pioneering research on the seismic behaviour of offshore wind farms, a critical area of study given the increasing global shift towards renewable energy. Their presentation was part of a broader discussion on the impact of earthquakes on infrastructure, which included topics like seismic isolation, energy dissipation, and the latest technologies in disaster risk reduction. The conference featured in-depth discussions on recent advances in earthquake engineering, strategies for improving infrastructure resilience, and innovative approaches to disaster risk management. Prof. Bhattacharya’s work, which continues to set benchmarks in understanding and mitigating seismic risks for offshore wind infrastructure, was highly recognized by his peers. Prof. Bhattacharya's participation in this landmark event reaffirms our commitment at Renew Risk to leading the way in cutting-edge research and innovation. The insights and knowledge gained from this conference will be invaluable as we continue to develop resilient and sustainable energy solutions that can withstand the challenges posed by natural disasters. We look forward to integrating these advanced concepts into our ongoing products. Stay tuned for more updates. #RenewableEnergy #OffshoreWind #Insurance #Innovation #RiskManagement Ashima Gupta Joshua Macabuag FREng MICE Ingrid Charvet, PhD Raphael Bidinger Aaron Bent Richard Chattock Dom Nolan Hannah Leonard

🌟 Exciting Milestone in Offshore Wind ! We are thrilled to share that our Chief Scientist, Prof Subhamoy (Suby) Bhattacharya, was among the distinguished guests invited to Tianjin University, China, for the inauguration of the World's Largest Shaking Table, a cutting-edge facility worth $220 million USD. This state-of-the-art infrastructure is designed to simulate the impact of earthquakes on offshore wind farms, marking a crucial advancement in understanding risks associated with renewable energy infrastructure. During this event, Prof Subhamoy (Suby) Bhattacharya presented his seminal paper on the behaviour of offshore wind farms under seismic conditions. This groundbreaking research, co-authored with Ying Xu, Tao Shen, Junfan Zuo (all from Tianjin University), and Qinghua Han (University of Surrey), is set to make significant contributions to the field of renewable energy and catastrophe risk modelling. Adding to this honor, Prof Subhamoy (Suby) Bhattacharya has been cordially invited by Tianjin University (TJU) and the National Facility for Earthquake Engineering Simulation (NFEES) to present at the International Conference on Sustainable and Resilient Infrastructure (ICSRI). This conference brings together global experts to discuss sustainable solutions in infrastructure, further solidifying our collaboration with leading academic and research institutions. We are particularly excited because Renew Risk has unique access to insights from this facility, which directly feed into our products, enhancing our ability to provide cutting-edge risk assessment solutions for the renewable energy sector. The development of such advanced testing facilities is vital for the future of offshore wind energy, ensuring that these structures can withstand natural disasters and continue to drive the global transition to a sustainable energy future. #RenewableEnergy #OffshoreWind #Insurance #Innovation #RiskManagement Ashima GuptaJ Joshua Macabuag FREng MICE Ingrid Charvet, PhD Raphael Bidinger Aaron Bent Hannah Leonard Dom Nolan Richard Chattock

Earlier this week, our CPO Joshua Macabuag FREng MICE shared his insights on Renew Risk's cutting-edge catastrophe risk models for offshore wind farms at the InsTech Founders’ Forum in London. The forum brought together experts to explore key challenges and innovative solutions related to climate across the insurance industry. Thank you InsTech, Reask, and EigenRisk Inc. for hosting such an insightful evening, and thank you Jeremy Hyams and Nicola Turner for such an engaging panel! Great event-all round. #insurance #offshorewind #catastropheriskmodels #riskmanagement #insurtech

🌟 Although models and tools for climate and catastrophe underwriting have been available for 30 years, the insurance industry still experiences unexpected losses from natural and man-made disasters… Our Chief Product Officer Joshua Macabuag FREng MICE will speak alongside @nicola turner from Scrub AI at InsTech's upcoming event, 'Climate and property blind spots revealed: making the right decision at the right time, ' supported by EigenRisk Inc. and Reask hosted by Jeremy Hyams. They will discuss the tools available in 2024 to reduce losses and reveal climate and property blind spots. 🔗Register here to attend: (It’s FREE For risk managers, insurers, brokers and MGAs) https://lnkd.in/esx8eMdx #Founder #Insurtech #Technology #AI #Risk #Climaterisk #SynergyCloud #Weathernet #Weatherdata

Thrilled to share that Prof Subhamoy (Suby) Bhattacharya, our Chief Scientist at Renew Risk, led and officially convened the 18th World Conference on Earthquake Engineering (WCEE2024) in Milan, Italy, this week. The conference was a tremendous success, drawing nearly 4,000 participants, including numerous representatives from the insurance and finance sectors. Dr. Bhattacharya played a pivotal role by chairing and co-chairing over 45 research presentations on earthquake engineering. Congratulations to the entire WCEE2024 team for their outstanding contributions to advancing knowledge in this critical field! Discover more about the event here: https://www.wcee2024.it/ #RenewableEnergy #Insurtech #catastropherisk #CatastropheRiskModelling #offshorewind #natcatmodelling Joined by strong UK delegation - Athanasios Gkimprixis, Valentina Putrino, Indranil Kongar, Salvatore Iacoletti in Milan!

🌍✨ Excited to be part of London Climate Action Week! ✨🌍 Last week, we gathered to discuss the challenges, opportunities and risks associated with climate change in an event organised by Insurtech Gateway in the Old Library at Lloyd's. It was inspiring to see such a diverse group of industry leaders, innovators, and changemakers committed to driving meaningful action. Our CEO, Ashima Gupta delivered keynote address highlighting the significant growth in Offshore wind over the next decade and the tremendous opportunity for premium growth for (re)insurers. At Renew Risk, we are proud to contribute to this global effort by providing state-of-the-art risk modelling and analytics solutions. Our goal is to support the transition to renewable energy by helping (re)insurers, investors, and developers manage the risks associated with natural disasters like Earthquakes and Hurricanes effectively. The next decade is crucial. We must harness the momentum and collaborate to achieve our ambitious targets for a sustainable future. Let's continue to innovate, collaborate, and lead the way in the global energy transition! 💡🔋🌍 Thank you Insurtech Gateway, Hannah Leonard, Richard Chattock, Robert Lumley, Stephen Brittain, Dom Nolan, Maria (Petrova) Čoko for a great event at Lloyd's. Thank you James Havard - CCRMP for attending the event in person and supporting our mission. #LondonClimateActionWeek #RenewRisk #ClimateAction #Sustainability #RenewableEnergy #OffshoreWind #Innovation Joshua Macabuag FREng MICE, Gaurav Chawla, Prof Subhamoy (Suby) Bhattacharya, Aaron Bent Sayan Bhattacharyya Ingrid Charvet, PhD