Insurance is and has been the most efficient tool for transferring risk for energy companies. It is the cost-effective way to replace capital, protect cash flow, facilitate financing and maintain investor confidence.
We create and deliver tailor-made risk management solutions to incumbent companies as well as to fast-growing entrepreneurial new entrants.
Understanding Your Risk
The energy insurance market comprises Upstream (onshore and offshore) exploration and production along with the Midstream (storage and transportation) as well as Downstream (refining, distribution, petrochemicals) elements. The nature of activities required for exploration and production is inherently prone to large scale losses because the assets are usually located in most hostile environments of our planet and can experience the severity of elemental forces as well as man-made risks. Although the frequency of claims has decreased due to technological advances and overall better risk management practices, the severity of loss, i.e. the monetary impact, continues to rise.
Providing Tailored Solutions
As re/insurance brokers and risk consultants, we primarily aim to understand the company’s focus and expertise and identify the aggregate value of large losses that could severely impact the company’s ability to deliver sustainable profits and destroy physical assets.
Key insurance coverages available for onshore or offshore operations include inter alia the following:
Creating Added Value
No single insurance company will, nor can underwrite the whole risk. We help finance and transfer your risks, and this is the main benefit we deliver to our clients. As (re)insurance brokers we unlock the local, regional, international and global insurance markets to accommodate for the appropriate coverage. Our technical expertise and analytical capabilities create additional value for energy & utility companies. We constantly monitor developments in the insurance market and make clients aware of any future implications.
Our services can be classified into the following categories:
Related Solutions
Construction
Power & Renewables
Mining
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Pawel Kowalewski
Group Practice Leader Energy, Power and Mining
T +48 507 085 066