The Voices of Risk Management Mastering Risk Management in the Renewable Energy Sector with Yan Veytsman and Fred Wass
Yan Veytsman is a Senior Account Executive at Marsh, specializing in risk management for large-scale projects, particularly within the renewable energy sector. Yan has successfully placed multiple construction and operational insurance policies for projects exceeding $100 million. His expertise shines in navigating the complex risks associated with natural catastrophes and developing innovative insurance solutions for the burgeoning renewable energy industry. In this episode, Yan discusses the intricacies of managing risks in the renewable energy sector, and why it’s slightly more difficult than traditional tried-and-true industries.
We also have Senior Vice President of Power & Renewables, Fred Wass, make a special guest appearance. Fred has been involved in the energy sector for the last 39 years and currently oversees Marsh’s Energy Practice. In his segment, he offers some insight into the energy sector as a relatively new insurance professional himself.
Key Takeaways:
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A little bit about Yan and how he found his path in risk management.
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What interests Yan about renewable energy?
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Renewable energy is an industry that’s still developing, so Yan has some room to innovate and define a new model for how to run some of his accounts.
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Why can’t we use other models in different industries and put them in the renewable space? Why is it so different?
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With every single venture that Yan’s been involved in, he’s having to figure it out from scratch. There are too many variables to consider that don’t quite transfer over from the old tried-and-true models from well-established industries.
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How has the oil and gas industry been adapting to the renewable energy sector?
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Does it still make sense to invest in oil and gas?
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Katie introduces a new guest, Fred Wass.
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How did Fred get into this field and why has he stayed for the last 39 years?
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Fred developed power plants in Pakistan early in his career, but he fell into the insurance industry about 10 years ago.
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Fred believes it’s a lot easier today to talk to people within your industry and company than it was five years ago.
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Fred is excited for the future! There’s so much to do and there’s a lot more to come in the next 10 years.
Mentioned in This Episode:
2024 Energy Industry Conference