Helping manage wind turbine insurance risks and extend asset life
As the wind energy sector continues to grow, operators are facing increasing challenges around ageing turbine fleets, operational costs and long-term asset performance.
To help address these challenges, we've launched a pilot partnership with ONYX Insight, combining AI-powered predictive analytics with our in-house risk management expertise, aiming to help reduce downtime and extend asset life.
Supporting a smarter approach to risk management
Without reliable data, operators can find themselves relying on reactive maintenance strategies, which can result in increased exposure to unplanned outages, costly repairs and unexpected operational disruption.
Through this partnership, Aviva customers can benefit from facilitated access to advanced predictive analytics, designed to identify emerging issues before they develop into major failures. Combining these insights with robust risk management practices can support more informed decision-making and help operators:
- Reduce operational downtime
- Improve maintenance planning and efficiency
- Better manage operations and maintenance risks
- Protect long-term asset value
ONYX Insight's technology draws on more than 15 years of operational data, across over 32,000 turbines in 45 countries, to identify turbine issues early, providing operators with greater confidence when planning maintenance activities and helping to prevent unplanned downtime and unexpected costs.
Securing sustainable industry growth
Chris Andrews, Director of Aviva Global Risk Management Solutions, highlights the importance of data-driven risk management in supporting sustainable industry growth:
“There is increasing pressure on insurers and wind asset owners to enhance resilience strategies as the industry grapples with ageing fleets and an uptick in serial defects. We support clients by helping them to identify, evaluate and quantify risk to build sustainable industry growth. Wider uptake of data and analytics can provide more insight into turbine condition, strengthen underwriting and deliver better risk management practices, helping to prevent unplanned downtime and unexpected costs."
By combining predictive analytics with risk management expertise, the partnership aims to help wind asset owners improve resilience, optimise maintenance planning and maximise asset performance throughout the turbine lifecycle.
Alexis Grenon, Chief Executive Officer at ONYX Insight, commented on the partnership:
“We're delighted to partner with Aviva on this project and are excited to work with its policyholders to help reduce risk across the whole turbine and project lifecycle, from early operation through to later-stage optimisation and life extension. Our advanced failure detection can identify issues up to two years in advance of a potential loss event, giving wind asset owners and operators comfort and allowing them to take a truly front-footed approach to managing risk and optimising their maintenance plans.”
The pilot programme provides access to a range of wind turbine monitoring and analytics solutions, including:
- Retrofit condition monitoring systems for drivetrains, blades, towers and foundations
- End-of-warranty health assessments
- Condition monitoring services
- Advanced SCADA and fleet analytics
- Dynamic remaining useful life modelling
- Operational expenditure (OPEX) forecasting
- Root cause analysis
- Main bearing life extension support
Together, these services can help operators gain a clearer understanding of asset health, prioritise maintenance investments and improve overall fleet performance.