Before joining Howden, Vipul worked at the Singapore Economic Development Board (EDB), a government agency under the Ministry of Trade and Industry. In this role, he focused on strategies to enhance Singapore’s global standing in business, innovation, and talent. As a manager in the Energy & Resources (E&R) division, he facilitated investment opportunities and negotiations for major Energy and Renewables companies. He was also engaged in Energy Transition Strategy Development which involved exploring areas such as Carbon Capture Utilisation & Storage, Hydrogen, Low-Carbon Power Generation and Carbon Credits.
At Howden, Vipul leads the global development of Energy Transition advisory and risk solutions. He forms part of two divisions, Natural Resources & Climate Risk and Resilience, where he focuses his time and efforts on enabling transition pathways, in particular Hydrogen, Carbon Capture Storage and Carbon Credits.
Vipul's career began at Marsh, where he spent eight years as a senior risk broker in the Energy Practice. He worked extensively in Onshore Energy, Power and Renewable projects across both operational and construction phases. He also led the development of their Offshore Subsea Cable construction programme , placing some of the region's largest insurance packages during his tenure.
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Insurance is playing an increasingly pivotal role in managing short-term climate risks and driving the long-term growth of carbon markets, making it essential to global business strategies. Climate risk insurance protects businesses, governments, and communities from the financial impacts of extreme weather events, while insurance for carbon credits enhances the credibility of carbon markets by covering the risk of underperformance in emissions reduction projects. These two forms of insurance are closely linked: carbon credits help mitigate long-term climate risks, while stable carbon markets attract greater investment in climate solutions.
Despite progress, significant challenges persist in refining climate-related insurance due to the complexity of climate modeling, data gaps, regulatory hurdles, and evolving market dynamics. Hear from our experts as they share insights on where the future of climate-related insurance is headed.
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