image credit: Adobe Stock

Energy transition risk accelerated by events in Eastern Europe: WTW

April 6, 2022

According to the annual Energy Market Review by global re/insurance broker WTW, the need to manage energy transition risk is being accelerated by the requirement to seek alternative sources of energy to oil and gas, following events in Eastern Europe.

The report also covers the volatility of the energy sector, with commodity prices surging to record levels arising from higher demand as economies emerged from the COVID-19 pandemic, as well as a concern around higher inflation rates.

Read More on Reinsurance News