Sign in Subscribe
Green technology

Global Risk Consultants Corp. and VDE Americas Form Strategic Partnership to Enhance Solar Power Industry's Natural Hazards Risk Assessment

Strategic Insights

— 1 min read

Global Risk Consultants Corp. (GRC) and VDE Americas have announced a strategic partnership to integrate VDE's hail probable maximum loss (PML) analytics into GRC's comprehensive Natural Hazards risk assessment reports for the solar power industry. This partnership aims to provide solar power clients with more complete and actionable risk mitigation insights in hail-prone regions.

The integrated Natural Hazards PML risk reports will combine GRC's 67 years of global, independent property risk consulting experience with VDE's proprietary hail risk modeling expertise. VDE's methodology integrates radar and ground-based meteorological data with the hail resilience characteristics of specific project equipment to deliver highly detailed, site-specific financial loss estimates.

Key Takeaways:

  • The partnership will integrate VDE's hail probable maximum loss (PML) analytics into GRC's comprehensive Natural Hazards risk assessment reports for the solar power industry.
  • The enhanced reports will combine GRC's 67 years of global, independent property risk consulting experience with VDE's proprietary hail risk modeling expertise.
  • VDE's methodology integrates radar and ground-based meteorological data with the hail resilience characteristics of specific project equipment to deliver highly detailed, site-specific financial loss estimates.
  • The partnership aims to provide solar power clients with more complete and actionable risk mitigation insights in hail-prone regions.
  • Hail risk represents over 50% of total insured losses in the solar sector, despite accounting for less than 2% of claims by volume.
  • The integrated risk reports will support better-informed design, procurement, and operational decisions, helping project stakeholders improve resiliency through equipment selection and best practices.
  • This partnership strengthens a shared commitment to data-driven risk management and risk transfer best practices.

Statistics:

  • 97%+ client retention rate for Global Risk Consultants Corp.
  • +$15 billion in operating renewable energy assets facilitated by VDE Americas through its products and services.
  • Over 50% of total insured losses in the solar sector attributed to hail risk, despite accounting for less than 2% of claims by volume.
  • 2025 hail season is expected to be active, with elevated risk predictions through September.

Sources:

  • Global Risk Consultants Corp. (GRC) press release
  • VDE Americas press release
  • Businesswire.com
  • LinkedIn page: Global Risk Consultants Corp.
  • Global Risk Consultants Corp. | TouV SouD
  • About VDE Americas
  • About VDE
  • VDE, one of the largest technology organizations in Europe, with over 130 years of experience.

Read more