Renew Risk

ACCELERATE TRANSITION TO RENEWABLE ENERGY

Renew Risk provides insurers, energy developers and financiers with the science-driven insights needed to make informed decisions about renewable energy assets. From site selection and portfolio management to pricing premiums and setting aside reserves, their portfolio helps risk professionals quantify and manage the risk of losses to their assets or portfolio. They are the only firm across the globe building risk models from the ground up for renewable energy infrastructure.

The global renewable energy market size exceeded $1Tn in 2025 and is projected to grow to a $1.8Tn industry by 2034.

Insurtech Gateway led Renew Risk’s £1.7m Seed in September 2023 and followed on for their £5m round in February 2025.

PROBLEM

As the world transitions to green energy, the next 10 years will see an exponential growth in solar and wind power. This requires massive institutional investment. Renewables is currently experiencing ‘Capacity Crunch’ as the insurers are finding these increasingly large, complex and valuable assets too uncertain to insure, or price accurately.

SOLUTION

Renew Risk provides end-to-end risk analytics, from bespoke reports for existing or proposed sites to a global database of renewable assets. Its first–of–its–kind risk models, driven by deep data science, calculate the frequency and severity of financial losses due to natural disasters. These focus on where the risk is highest, from earthquake risk to Japan’s offshore wind farms to hailstorm risk to solar farms across the US. For (re)insurers, these risk insights increase confidence in providing capacity.

RENEW RISK FOUNDERS

Joshua Macabuag Chief Executive Officer) – Insurance expert, Catastrophe Modelling Consultant, 1st Class Engineering Science Degree from University of Oxford.

Suby Bhattacharya (Chief Scientist Officer) – Chair Professor for the Geomechanics Research Group at the University of Surrey, PhD in Civil Engineering from the University of Cambridge.