kWh Analytics, a provider of climate insurance for renewable energy assets, has announced the appointment of Isaac McLean as Chief Underwriting Officer.
McLean will lead kWh Analytics’ growing underwriting team as the company grows its Property Insurance offering for renewable energy assets.
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.
While the renewable energy industry is expanding rapidly, insurance capacity is not currently keeping up with demand. To try to keep up with the much needed demand, kWh Analytics uses its extensive database of over 2800 system years of claims data to develop and accurately price 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.
McLean brings to his new role as CUO 18 years of insurance experience, having previously served as Head of Property Insurance at kWh Analytics, leading the charge to launch the company’s property insurance product.
Prior to joining kWh Analytics, he 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.
Commenting on McLean’s appointment, Jason Kaminsky, CEO of kWh Analytics, said: “Isaac has played an integral role in expanding our company’s climate insurance offerings, a critical component of the shift to a decarbonized economy.
“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.”
“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 honoured to work alongside an experienced, mission-driven team committed to underwriting products that enable the financing of renewable assets.”
