Our optimism is tempered by the issues that continue to plague the renewables industry. Most nascent industries have their teething problems, but we still see too many avoidable issues in renewables. Contractor competence remains an issue and weather perils, such as flood, hail and fire, are all playing a part in making this a difficult market, despite the rise in rates that the market has experienced over the past 18 months. These issues don’t have a single solution. What is clear is that maintaining the renewable energy industry’s long-term, sustainable growth will require closer collaboration between its key stakeholders, including both AXIS and you.
As we move forward, communication between insurers and the broker community will be key. From our side we will continue to share with you our perspectives on best practice and what we believe should be minimum standards for all parties, who are invested in the long-term success of renewables. In return we welcome your views and hope that by continuing to foster open channels of communication, AXIS can provide you with the best service possible.
Above all, we thank you for your partnership, collaboration and support, and we look forward to continuing to grow our business together.