Energy Insurance And Risk Management

Energy insurance is a type of insurance designed to protect businesses that work in the energy industry. This type of insurance covers a wide range of risks that are unique to the energy industry, such as damage to oil rigs, power plants, pipelines, or other energy infrastructure, as well as accidents, explosions, fires, and environmental damage.

Energy insurance can also provide coverage for business interruption caused by unforeseen events that can disrupt energy production or supply, such as natural disasters, equipment breakdown, and cyber-attacks. It may also include coverage for liability and loss of income resulting from lawsuits and legal claims.

Learning Objectives:

• Understand the risk sharing between oil companies and contractors
• Know how this is dealt within the insurance products available
• Understand insurer’s perception of risk
• Create awareness of how market insurance products meet industry needs
• Be familiar with insurer’s pricing methodologies
• Better understanding of the broker interface
• Understand technical evaluation of the coverage wordings
• Putting technical knowledge into practice with claims workshop

Target Audience:

• The course is intended for individuals who work in the energy industry, particularly those who are involved in managing risk or making decisions related to insurance coverage. The following personnel will benefit from the knowledge shared in this course:
• Insurers
• Brokers
• Adjusters
• Lawyers
• Risk Managers
• Treasury
• Contracts
• Legals
• Contract Adjustor
• Project Managers