Insurance is playing a central role in strengthening energy security and resilience, according to a new London Market Group report. The study, Helping to Secure the Future, found that underwriting capacity, technical expertise and long-term risk partnerships are helping energy projects manage risks from design and financing through to construction, operation and later repurposing.

The report also highlighted significant growth potential in environmentally focused products. Seventy-three per cent of London Market participants surveyed expect premiums from such insurance to triple over the next five years.

Caroline Wagstaff, chief executive officer of the London Market Group, commented: “In an increasingly volatile risk environment, energy security is now at the heart of national resilience and economic prosperity. The London Market stands as a critical partner, able to unlock investment, foster innovation, and provide the financial safeguards that make ambitious projects possible.

“This report also demonstrates how our market’s scale, expertise, and collaborative spirit are enabling new energy sources, both in the UK and globally. By partnering with industry at every stage of the energy project lifecycle – from conception and financing to construction, operation, and eventual repurposing – the London Market is helping to instil confidence in investors and developers to pursue the solutions needed to ensure a resilient, sustainable future.”

Miqdaad Versi, partner at Oxbow Partners, added: “Energy security is just not possible without insurance. We need innovation, risk management and capital to build this cleaner and more resilient future world. And it's the insurance sector, and the London Market in particular as we see in this report, which is the centre of expertise and out-of-the-box thinking – and which can turn ambition into action and support the vision of energy being secure, sustainable, and affordable for all."

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