The power industry is a highly competitive business requiring the best professional risk management advice if an organisation is to properly identify and manage the full range of risks that it faces.

Marsh enjoys a leadership position in the provision of risk management, consulting and broking services to companies involved in power and utilities throughout the Asia-Pacific region.  Our specialists are experienced in the design, implementation and monitoring of insurance programmes to meet the requirements for both small and large infrastructure projects.

The risks inherent in large projects are multiple and include construction, erection, operational, political risk, environmental and legal liability.  In an increasingly competitive economic environment, the risk transfer (whether contractual or via insurance) forms an integral part of a project security or credit package.

Our experience ranges from major construction projects such as water and waste treatment plants, industrial factories and steel mills, to large annual programmes for operational power stations with specialists utilising the many global resources available.

The array of risk management services and insurance products available encompasses everything from captive feasibility to turbine insurability.  The projects for which we provide consultancy and insurance placement services include hydroelectric dams, toll roads an nuclear power stations. 

Marsh's client list in this industry is unparalleled, representing the world's best known utilities and gas companies.

Marsh offers any combination of the following services:

Risk Financing

• Programme design
• Retention analysis
• Benchmarking total cost of risk
• Integrated risk financing
• Finite risk
• Loss portfolio transfer
• Captive feasibility and management.

Project Financing

• Risk identification
• Force majeure/delay risks
• Debt service guarantees/insurability
• Liquidated damages/risk mitigation.

Risk Management

• Risk based asset management
• Risk mitigation and contractual risk transfer
• Operation and maintenance
• Design-build-operate-transfer (DBOT)
• Lender experience and negotiations.

Contract Analysis

• Indemnification wording/insurability
• Allocation of risk
• Limitations of liability
• Contrasting and evaluating risk assumed vs risk transferred.

Safety

• Behaviour-based safety practices
• Performance measurements
• Regulatory compliance
• "Fast track" injury management.

Multinational Projects

• Preconstruction review
• Programme design
• Legal/regulatory issues
• Seamless construction, cargo, liability and operational cover
• Catastrophe perils evaluation
• Political risk
• Unforeseen even risk (force majeure)
• Due diligence
• Public-private partnerships
• Deregulation
• Failure to supply/perform.

Environmental

• Risk identifiction
• Remedication cost caps
• Property liability transfer
• Liability transfer
• Project insurance
• Stranded assets

Claims Management

• Reserve analysis
• Litigation support
• Insurer/reinsurer claim integration
• Risk management information systems