An Interactive 10-Day Training Course

Energy Insurance and Risk Management

11 - 22 May 2026

London

| $11900

28 Sep - 09 Oct 2026

Dubai

| $11900

Learning Journey Breakdown

Module I: Understanding Energy Insurance

Types of oil and gas risks and differences between erection/operational exposure
Renewable energy and current trends in the industry
World oil economics and shale gas as an alternative energy source
Coal-fired & gas turbine plants
Offshore risks and marine-related issues
Explore the coverage provided by the various insurance covers

Principles of insurance: What are they and appropriate examples?
CAR or EAR: What are the differences?
Discuss and identify trade risks
Is it underwriting or just undercutting?
How to affect the risk transfer mechanism?
Challenges when there is an incident at an energy project site

Material damage and third-party liability aspects
What are the concerns of the risk surveyor?
Investigation - Why is the cause of failure very crucial?
Role of the loss adjuster or loss assessor
Dealing with third-party damage claims
What is physical damage?

Property insurance: IAR/Fire policy coverage
Offshore operating risks
Business interruption insurance
Third-party insurance: General & pollution liability
Operator’s extra expenses insurance
Offshore construction risks
Considering the package policy

Recovery (subrogation) is undertaken after the insurance company pays a claim
How is loss adjustment undertaken?
Application of policy excess or deductible
Why is risk management critical in energy projects?
Involvement in energy risks: Collapse, fire, explosion etc.

Module II: Energy Risk Management

Introduction to risk & risk management
Risk management standards
Key definitions
Critical success factors for risk management
Organisational risk attitudes (Risk culture)
Organisational structures
Risk roles and responsibilities
Risk and strategy
Culture

Financial risks
- Market risk
- Credit & counter-party risk
- Liquidity risk
- Limit management
Operational risks
Systemic risks
Emerging risks
Strategic risks

Understanding materiality
KRIs
Developing risk reports
Risk mitigation & controls
Aligning opportunities, strategy, and risk
Integrating risks across the energy business
Risk management accountability & ownership

Comparison of risk practices across sectors
Risk management’s role in strategic management and value creation
Leveraging existing operational risk management as part of ERM
Risk accountability structures
Tools and techniques
Aligning risk, compliance, & regulation

Energy trading: What, where, and how?
Overview of energy trading and risk management
Energy trading and risk management systems
Integration of technology as part of the risk architecture
ERM systems
Dealing with energy trading
ESG: The new frontier for risk
The Future - Risk and value creation

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