Munich Re’s Doug Akerson on the Headwinds and Tailwinds Facing the Renewable Energy Sector : Risk & Insurance

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The challenging build-out of renewable energy infrastructure is at an inflection point as a surge of new ideas and investment promises to keep the sector’s momentum going.

Portrait of Doug Akerson

At RISKWORLD 2024 in San Diego, Risk & Insurance® sat down with Doug Akerson, executive vice president and MRF&C head of North America Energy, Power & Construction at Munich Re. An engineer by trade, Akerson has been a broker, an underwriter and provided due diligence on technology portfolios over the course of his career.

What follows is a transcript of our conversation, edited for length and clarity.

Risk & Insurance: What are some of the trends that you’re seeing in the property space?

Doug Akerson: There’s the advent of the more intense storms we’re seeing out there. And especially with severe convective storms and the hail phenomenon, as far as the energy space goes, we’re seeing the impact of that primarily in renewable energy and solar PV facilities.

The technology is catching up, including the ability for these panels to stow themselves, and also to predict when the storms are coming so they…

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