Energy is a broad concept in the insurance sense, covering various activities and their associated risks, such as electricity generation, electricity distribution, extraction of oil and natural gas from underground (upstream), and conversion of these into usable energy sources (downstream).
Energy is an activity that requires overseas reinsurance placement beyond a certain size and requires placement in reinsurance markets that differ from traditional fire insurance. Even within energy sub-branches, electricity generation and the discovery, extraction and processing of natural resources or electricity distribution require different reinsurance markets. Risk engineering work in the field of energy also requires different competencies than traditional fire insurance.
We can provide support from domestic and international markets in all energy-related matters, particularly in the following sub-sectors.
In energy-related businesses, liability insurance should be designed with a scope that differs from traditional liability insurance. We can also provide support with risk-appropriate coverage and limits in standalone liability insurance policies specific to energy.