Subsea cables and umbilicals pose significant risk due to their high value, vulnerability to damage and the complexity of repairs. Following damage, insurers often face challenges around liability, unclear ownership and lengthy downtime and as a result, cables may be excluded, sub-limited or subject to strict warranties in policies. The difficulty in detecting and fixing issues makes cables a critical but complex exposure in offshore energy insurance, especially in relation to production delays and business interruption.

Carbon capture technologies are increasingly being integrated into renewable and low-carbon energy projects to meet emissions targets. For underwriters, this introduces new, complex and largely untested risks, particularly related to long-term storage, liability and performance guarantees.

Delay in Testing, Erection and Procurement (DTEP) occurs when physical damage that delays the completion of renewable energy projects results in financial losses. It protects against income loss or extra costs and is a key consideration for underwriters in the renewable energy market.