Upstream and offshore energy insurance pdf
Comparing Upstream vs. Downstream Oil & Gas OperationsWe provide tailored products security to a wide client base from small sized Independents to Oil and Gas Majors. We offer lead terms to selected clients and aim to develop long term relationships throughout the Insurance cycle. They develop customised solutions with short timeframes and provide lead terms even for complex risks in challenging environments. Our market-renowned Claims teams work closely with independent loss adjustors and experts to move claim processes to quick and fair solutions. In addition, Starr provides engineering support and expertise to optimise our client risk profile with the cover granted.
Lloyd's Global Development Centre - Michael Poulteney on Offshore Energy
Our skilled and experienced Energy team offers a variety of packaged policies, focusing on building strong, long-term client relationships while understanding individual insurance requirements. Neon is able to offer upstream energy coverage on worldwide operations to the whole spectrum of companies involved in the industry, from independent SMEs to national oil companies.
Upstream and Offshore Energy Insurance
And the ability to navigate the increasingly complex challenges facing the energy industry. We offer coverage for major offshore developments and mobile drilling companies while they are under construction. Brokers and clients around the world count on us for the quality coverage, substantial capacity and excellent service we provide. Our proven technical expertise in underwriting complex exposures, matched with our ability to insure all aspects of the energy chain, make AXIS Energy the right choice. Our energy claims specialists offer exactly what clients want when a claim is filed. The ability to manage claims efficiently. We put years of experience behind every claim, so clients can trust that their claim will be resolved efficiently.
Oil and gas companies are usually divided into one of three groups, upstream, downstream, and midstream. Some companies are considered to be "integrated" because they combine the functions of two or three of the groups. Upstream oil and gas production is conducted by companies who identify, extract, or produce raw materials. Downstream oil and gas production companies are closer to the end user or consumer. Here's a look at upstream and downstream oil and gas production, their individual functions, and what role they play in the broader supply chain.
This publication is a comprehensive study on offshore energy insurance. It provides understanding of the products that have been developed by the insurance industry to provide financial support. Offshore energy insurance has, to a large degree, been based upon the traditional principles and practices established in the marine insurance market. However, it has, in time, evolved into a distinct brand offering products that are unique to the insurance industry and tailor-made to the energy industry. Exploration and production of hydrocarbons in a marine environment is a risky business. It requires significant capital expenditure and highly specialised equipment, techniques and manpower and, for all the skills and expertise that have collectively been acquired within the industry.
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Upstream and Offshore Energy Insurance
I am truly greatly impressed with the quality and wealth of information contained in this book. I have rarely seen a more thorough analysis and description of any area of marine or energy insurance. It must be an obligatory textbook of this subject for any present and future student of this topic - a truly remarkable and monumental work worthy of the highest praise from all parties involved in this subject. I recently joined the world of offshore energy insurance business. The new version is much more comprehensive, detailed and useful for day to day business. I open the book whenever I have questions.