The oil, gas and petrochemical industries are major drivers of change in the insurance industry.  the complexity of the energy sector, the sophistication of the technology now in use, and the values tied up in single complexes demand a specialist response to risk transfer.

Marsh combines many years of upstream and downstream energy experience in growing economices and key investment territories with dedicated broking capabilities in the major energy insurance markets, to provide this sector with more than just the conventional response.

Our portfolio of services include the following:

Analysis of Oil and Gas Risk Exposures and Appropriate Protections

• Risk engineering surveys
• Business interruption studies
• Liability risk analysis
• Risk retention analysis
• Business risk management advice.

Programme Design for Oil and Gas Companies

• Design of appropriate insurance programmes
• Advice on new products and non-traditional alternatives
• Construction of contractual conditions (for conventional policy wordings).

Programme Marketing/Placing

• The development of an integrated insurance placing strategy
• Implementation of a coordinated global placing plan, using world markets to best effect for the competitive marketing of gas transmission company risks
• Review of the state of the energy market and advice on marketing options available
• Project risk management and insurance programme design
• New Project reviews and risk analysis
• Design of appropriate construction insurance programme
• Liaison with financiers, contractors and lawyers
• Dovetailing of construction and operating programmes
• Insurer security services.

Servicing Market Placements

• Insurance of documentation
• Effecting changes as required
• Direct client communication links via e-mail.

Claims Service

• Formulation of claims procedures and systems
• Claims submission, negotiation, collection and payment
• Assistance with inherited or old risks (insurance archaeology, etc.)
• Provision of loss trends and loss information
• Post-loss reviews
• Loss prevention advice.

Contractual and Wording Advice

• Analysis of insurance and indemnity clauses in proposed contracts relating to construction, operating and asset disposal or acquisition
• Industry contracting trends and experience
• Analysis of market produced wordings and clauses.