Willis: Power companies must strengthen resilience as electrification drives a new wave of industrial growth
LONDON, Sept. 15, 2026 (GLOBE NEWSWIRE) -- The global power sector is becoming increasingly central to economic growth as artificial intelligence, digital infrastructure, advanced manufacturing and the electrification of transport, buildings and industry increase demand for stable, reliable and available power. At the same time, geopolitical and policy uncertainty, ageing assets, supply-chain bottlenecks and uneven grid infrastructure are shaping the direction and pace of change, according to the latest Power Market Review published today by Willis, a WTW business (NASDAQ: WTW).
The power insurance market remains highly competitive, as the wider insurance market experiences continued softening. Property capacity is abundant, rates continue to fall and insurers are actively seeking growth. Well-managed power companies with strong loss records, credible valuations and robust engineering information are using the soft market to rebalance their risk strategy, but catastrophe-exposed assets, vulnerable supply chains, emerging technologies and risks with weak maintenance or operational data will continue to attract closer underwriting scrutiny in the year ahead.
Although falling rates may create immediate savings, organisations should be exploring opportunities to leverage today’s market to strengthen resilience and prepare for a future change in the market cycle. Power companies can capitalise on current market conditions by reassessing their program structures and challenging existing pricing and design.
Key findings from the report include:
Rob Hale, global head of power and renewable energy, Willis Natural Resources, said: “Current market conditions offer more than the chance to reduce costs, they create an opportunity to challenge insurance program architecture and reinvest into resilience before conditions become more challenging. In an interconnected energy system, insurance is not simply a mechanism for transferring loss. Used strategically, it can support investment, protect capital, strengthen resilience and give power companies greater confidence to grow.
“The companies that benefit the most from this cycle will be those that use today’s conditions to build stronger, better-evidenced and more future-ready risk financing strategies. Innovation and collaboration across all stakeholders in the value chain, including risk intermediaries, will play an increasingly critical role in de-risking investors’ capital and unblocking continued growth.”
The complete report can be downloaded here.
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