Legal and Economics > Energy Insurance and Risk Management – Virtual Instructor Led Training (VILT)

About this Training

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.

Upon completion of this course, participants will be able to:

  • 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

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
  • Basic or Foundation
  • Intermediate

Your expert course leader has worked in the insurance sector for 59 years. He has worked as a broker for reputable firms, such as Marsh, where he served as the managing director of Energy Construction. He has also participated in peer review for different Lloyds Syndicates. He also served as a broker for Sedgwick, AAA, and Miller in the offshore energy sector. He has helped businesses including Shell, BP, Chevron, ConocoPhillips, Petrofina, Woodside, ENI, and Brunei Shell for their policy reviews during his career.

To further optimise your learning experience from our courses, we also offer individualized “One to One” coaching support for 2 hours post training. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It will be delivered over a secure video conference call by one of our senior trainers. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster.
Request for further information post training support and fees applicable

Learn what past participants have said about EnergyEdge training courses

The training was very detailed and highly beneficial especially having no prior experience in underwriting upstream oil and gas.

Head of Pool, Ghana Oil & Gas Insurance Pool

The Energy Insurance and Risk Management course is a very good primer on Energy Insurance. The trainer is able to answer all questions and clarifications with crystal clear explanations. My interest in this subject is renewed. Energy Edge is an excellent organiser.

Senior Analyst Contract and Procurement, Carigali Hess Sdn Bhd