Approved course for obligatory professional development by the Danish Bar and Law Society
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Topic: Insurance and Risk in Offshore Wind Projects
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Estimated study time: 5-6 hours of self-paced studies
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Price: € 495, ex. VAT*
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Language: English
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Instructors:
Daniel Gumsley – Senior Offshore Wind Advisor, Marsh
Ole Petersen – Senior Offshore Wind Advisor, Marsh
Benjamin Brown – Offshore Wind Advisor, Marsh
Emily Holloway – Offshore Wind Broker, Marsh
Grace Stanley – Offshore Wind Advisor, Marsh -
* VAT is subject to student and/or client's country of origin. VAT exemptions may apply.
The course is for you if you can say yes to at least one of the following...
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I work in a role that regularly interfaces with the insurance or risk function.
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I want to better understand what influences insurance pricing and how risk and insurance can create long-term value.
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I want to a clear view of all the various touch points that insurance has during the various phases of a project lifecycle.
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I’m involved in developing, managing, or delivering offshore wind projects and need consistent, high-quality guidance.
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I’ve experienced siloed or inconsistent insurance training and want a holistic, structured approach.
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I’m responsible for commercial, contractual, procurement, or legal decisions connected to project risk.
About the INS Programme
Most people in the offshore wind industry manage risk and insurance in isolation. They address it only when a contract requires it or when a broker steps in to arrange cover.
This leads to missed cost optimisation, inconsistent standards, and weaker IRR
Professionals that embed risk & insurance strategies from the early stages of project development are the ones that get to increase project evaluation and improve the Internal Rate of Return (IRR).
This course has been created to fill a long-standing gap: providing a high-quality, consistent, and holistic view of how risk and insurance should be integrated across the entire project lifecycle.
Rather than focusing solely on the policy wording or the insurance market, the programme dives into the deeper principles behind risk identification, evaluation, engineering input, and the contractual and technical mechanisms that underpin risk transfer and the optimisation of insurance costs. It draws attention to the value creation potential that emerges when insurance is not simply purchased, but strategically embedded from the early stages of project development through to construction, commissioning and operations.
Across the industry, training is frequently delivered by brokers whose content varies widely depending on their own expertise or commercial focus. Many teams lack a reliable baseline of knowledge, resulting in gaps when making key decisions that affect the internal rate of return (IRR), budgeting, contracting, or claims outcomes. This course directly addresses that issue by providing neutral, structured, and comprehensive guidance that raises the standard for everyone involved.
Through detailed explanations, examples, and principles that can be applied across both fixed-bottom and floating offshore wind, learners gain clarity on how risk should be understood and communicated. You’ll explore the role of risk engineering, CAT modelling, verification bodies, certification pathways, policy clauses, budgeting, and claims. The course equips participants with the frameworks necessary to develop a coherent strategy, ensuring informed decisions, stronger project governance, and better value for money.
By the end of the programme, you’ll have a meaningful understanding of what ‘good’ looks like and the confidence to apply these concepts in real projects, supported by a consistent methodology that benefits developers, lenders, contractors, and insurers alike.
Learning Goals
RISK & INSURANCE ESSENTIALS
Understand how the risk and insurance function operates across the lifecycle of an offshore wind project and how it drives value-creation.
RISK TRANSFER STRATEGY
Recognise, interpret, and apply key concepts from the Risk Transfer Strategy, including early-stage risk analysis, deep-dive risk engineering studies, contract review, how to engage with the insurance market, claim management and long-term premium budgeting.
PRACTICAL SKILLS
Gain insight from multiple real-life examples that illustrate the impact of a robust approach to risk and insurance vs a sub-optimal approach. Be able to contribute confidently to project decisions by referencing a comprehensive, holistic and consistent risk and insurance strategy rather than one that has been developed in a silo.
What is included in the course
High Quality Video lessons
INTERACTIVE LESSONS AND QUIZZES
Case Studies
Downloadable Resources & Glossary
Certificate of Completion
Professional Community
About our Academy Partner
Marsh is the world’s leading professional services firm in risk, strategy and people, advising clients in over 130 countries.
In the energy and power sector, Marsh provides specialised risk management and insurance broking services for the entire value chain, from traditional oil and gas to offshore wind. With a global team of over 700 energy specialists, they help clients navigate the energy transition, secure financing for large-scale projects, and manage volatile risks like cyber threats and natural catastrophe.
Marsh’s offshore wind team operates from global hubs situated in Europe, APAC and the Americas. The team consists of a broad range of disciplines derived from working for OEMs, project developers, contractors and the insurance market.
Your instructors are not just passing on material from textbooks,
they are sharing their first-hand practical knowledge.
Senior Instructor | RECOA
Senior Offshore Wind Advisor | Marsh
Areas of Expertise:
Co-author of the Risk Transfer Strategy, product development, contractual risk allocation, client experience.
Senior Instructor | RECOA
Senior Offshore Wind Advisor | Marsh
Co-author of the Risk Transfer Strategy, analytics and risk assessment, contractual risk allocation, new markets advisory.
Senior Instructor | RECOA
Offshore Wind Advisor | Marsh
Areas of Expertise:
Delivery of the Risk Transfer Strategy, project management, insurance market engagement.
Contributing Instructor | RECOA
Offshore Wind Broker | Marsh
Areas of Expertise: Insurance market, pricing, coverage and negotiation of insurance premiums.
Senior Instructor | RECOA
Offshore Wind Advisor | Marsh
Areas of Expertise: Supply chain analysis, insurance law, wind farm development and route to market risk assessment.