In response to national development policy - low carbon lifestyle
To echo the government’s energy transformation policy, Fubon Insurance has also responded to the growing emphasis on renewable energy in national energy policies by supporting the development of Taiwan’s green energy sector. In 2018, it set up a "Green Energy Insurance Task Force" dedicated to the wind and solar power industries to provide clients engineering insurance, property insurance, financial insurance and various types of liability insurance for different stages of power projects. At the same time, loss control engineers conduct risk identification, analysis and evaluation for clients based on the client’s actual insurance requirements and Fubon’s underwriting experience. The engineers also use disaster models to quantify underwriting risk, which informs viable risk improvement recommendations and solutions. Through these efforts, customized risk transfer strategies and loss prevention programs are developed for clients that make the most effective use of insurance to diversify and manage risk.
Fubon Insurance not only participates in onshore and offshore wind power insurance planning, but also proactively conducts research on the risks in the upstream and downstream industry chain and sends staff to study abroad. As the first insurance firm in Taiwan with the Basic Safety Training Certificate issued by the Global Wind Organization (GWO), Fubon Insurance is able to leverage its risk perception on offshore operation and labor protection knowledge to assist local equipment suppliers and subcontractors in creating a safe operating environment for offshore wind turbines, and make contributions to develop policies for the offshore wind power industry regarding clean energy.