Javier Pardo, senior vice president for NFP Canada's Complex Risk Solutions Group, was recently interviewed by Canadian Underwriter about Canadian insurers' future opportunity to cover the infrastructure required for hydrogen energy products.
“We’re seeing various countries in Europe delay closure of domestic coal and nuclear energy production. If Russia cuts them off before winter, they’re in trouble,” Pardo told the publication.
“Both [liquified natural gas] and hydrogen are clean forms of energy and [can] help countries meet [climate] targets, so they are going to be interested,” Pardo said. “But the infrastructure isn’t yet compatible for hydrogen. It has to be built and that creates a lot of opportunities for insurance companies.”
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