Date | Format | Fees | ||
---|---|---|---|---|
17 Feb - 19 Feb, 2025 | Classroom | ₦350,000 | Register | |
22 May - 24 May, 2025 | Classroom | ₦350,000 | Register | |
18 Aug - 20 Aug, 2025 | Classroom | ₦350,000 | Register | |
10 Nov - 12 Nov, 2025 | Classroom | ₦350,000 | Register | |
17 Feb - 19 Feb, 2025 | Classroom | ₦350,000 | Register |
Event Details
The key objective of this course is to empower professionals to—
- acquire detailed knowledge and information about energy insurance in the oil and gas industry
- make the right decisions when opting for insurance plans for one’s organization, thus protecting the organization with the appropriate cover
- devise, on the part of the insurer, suitable, customizable and useful insurance plans, thereby promoting insurance covers to organizations
- review, analyze, predict and cover all possible risks offshore and onshore through insurance to avoid financial losses to the organization
Content:
The course covers the following topics regarding energy insurance:
Broad Risks in Oil and Gas Industry
- Political risks
- Geological risks
- Price risks
- Supply and demand risks
- Cost risks
Types of Offshore Energy Risks
- Weather perils
- Marine perils
- Drilling perils
- Production perils
- Political risks
Types of Onshore Risks
- Property damage
- Boiler explosion/Machinery breakdown
- Business interruption
Risk Control Techniques
- Safety programs
- Security systems
- Fire suppression
- Construction material check
- Pre-employment screening
Benefits of Scale in Risk Management
- Diversification
- Financing
- Expertise
- Products
Risk Transfer Mechanisms
- Captives’ insurance companies
- Catastrophe bonds
- Derivatives
- Insurance
- Self-insurance
Challenges of the Energy Industry
- Dynamic business models
- Globalized environment
- Human capital management
- Climate change and environmental care
- Impact of new technology
Energy Insurance Placement in the Market
- Tender quotation
- Broker selection
- Lead underwriter selection
- Broker’s placing slip
- Line authorisation
- Closing and final signing
- Final policy wording
Adjustments by Insurance Buyers, Risk Intermediaries and Insurers
- Energy industry business requirement
- Current risk management methodologies
- Energy insurance market trading conditions
Important Aspects of an Insurance Policy
- Loss control
- Safety
- Claims management
- Financial analysis
Factors Affecting Insurance Costs in Oil and Gas
- Production level
- Operations size
- Payroll
- Storage type
- Management experience
- Resident state of operations
Various Coverage Options
- Umbrella liability
- Professional liability
- Inland marine liability
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Venue
Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.
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