With McLean in this role, kWh Analytics is positioned to rapidly grow innovative renewable energy insurance offerings
Originally Posted on BusinessWire
San Francisco, CA - December 4, 2023 - kWh Analytics, a leading provider of Climate Insurance for renewable energy assets, announced that it has named Isaac McLean as the company’s new Chief Underwriting Officer. McLean will lead kWh Analytics’ growing underwriting team as the company ramps up its Property Insurance offering for renewable energy assets.
“Isaac has played an integral role in expanding our company’s climate insurance offerings, a critical component of the shift to a decarbonized economy,” said Jason Kaminsky, CEO of kWh Analytics. “Isaac’s extensive experience building catastrophe-exposed property insurance programs from the ground up has proven invaluable in scaling our property offering to support the rapid expansion of renewable energy projects.”
Launched in January with capacity partner Aspen Insurance, kWh Analytics’ Property Insurance product offers coverage against physical damage for solar, storage, and other renewable projects, providing much-needed capacity to a rapidly growing industry. Renewable energy is expanding quickly, and solar alone is expected to more than double installed GigaWatts over the next five years, but insurance capacity is not currently keeping up with demand. Using its extensive database of over 2800 system years of claims data, kWh Analytics develops and accurately prices risk transfer products for renewable energy. This data expertise has enabled the company’s underwriters and data scientists to provide considerations to asset owners implementing resiliency measures for their projects against a key industry loss driver: natural catastrophes.
“This is an exciting time to work for a company that is at the forefront of innovation in the emerging renewable energy industry,” said McLean. “I am honored to work alongside an experienced, mission-driven team committed to underwriting products that enable the financing of renewable assets.”
McLean has over 18 years of insurance experience, previously serving as Head of Property Insurance at kWh Analytics, leading the charge to launch the company’s property insurance product. Prior to joining kWh Analytics, McLean spent 14 years at ICAT Managers building and growing natural catastrophe-exposed property insurance programs. These programs included residential, small commercial, and middle market books of business throughout the United States. He holds a B.B.A. in Business Management and Leadership from New Mexico State University.
ABOUT KWH ANALYTICS
kWh Analytics is a leading provider of Climate Insurance for zero carbon assets. Utilizing their proprietary database of over 300,000 operating renewable energy assets, kWh Analytics uses real-world project performance data and decades of expertise to underwrite unique risk transfer products on behalf of insurance partners. kWh Analytics has recently been recognized on FinTech Global’s ESGFinTech100 list for their data and climate insurance innovations. Property Insurance offers comprehensive coverage against physical loss, with unique recognition and consideration for site-level resiliency practices, and the Solar Revenue Put production insurance protects against downside risk and unlocks preferred financing terms. These offerings, which have insured over $15 billion of assets to date, aim to further kWh Analytics’ mission to provide best-in-class Insurance for our Climate. To learn more, please visit https://www.kwhanalytics.com/, connect with us on LinkedIn, and follow us on Twitter.
Contact
Nikky Venkataraman
Marketing Manager
kWh Analytics
E | nikky.venkataraman@kwhanalytics.com
T | (720) 588-9361