Category Archives: Energy

Creating Value in an Economic Downturn – A Risk Management Opportunity?

business-oil-man

Everyone knows that the energy industry remains firmly locked in a major downturn – regardless of the recent slight rally in oil prices. But in these gloomy trading conditions, are there opportunities for energy industry risk managers to add real … Continue reading →

Cheapest Ever Insurance Prices: Surely That’s Good News For The Energy Industry?

oil-barrel-pricing-trend_645x400

Energy companies are under the strongest of pressure to cut costs as much as possible in this challenging business environment. So no doubt they are delighted to read in our latest Energy Market Review that insurance market capacity is up, … Continue reading →

Five Areas of Real Concern for the Energy Industry

siberian-oil-field

This year the energy industry is facing possibly its greatest challenge in 50 years as oil prices plunge and inventories reach record levels.  For the foreseeable future, Capex discipline and operating cost reductions are going to be primary drivers for … Continue reading →

Commodities Price Plunge: How Do The Upstream and Downstream Energy Markets Compare?

oil-rents

The recent collapse in the price of oil has impacted the entire downstream and upstream energy industry. Wherever you look the story is the same, including in the Latin American markets: investments are being withdrawn projects are being postponed yard … Continue reading →

Asian Energy Clients to Insurers: Innovate to Survive!

Energy-Power-Insurance-Market-Innovation

Insurers are facing a dwindling premium income pool and must innovate if they are to survive today’s competitive market environment and provide the kind of solutions required by today’s energy industry. That was the unequivocal message delivered by delegates at … Continue reading →

2016 – All Gloom and Doom for the Global Upstream Energy Insurance Market?

oil derricks at dusk

As the last stamps go down on the few remaining insurance programmes renewing at January 1 2016, most upstream energy underwriters continue to be filled with apprehension as they reflect on the business outlook for their industry in 2016. Continue reading →

Stepping into the Unknown: Insuring Nuclear Decommissioning

stepping_into_unknown

The word ‘nuclear’ has a tendency to make people uneasy. We’re still living with the remnants of the Fukushima disaster of 2011 and Germany has decided to cleanse itself from nuclear activity altogether. Thus it comes as no surprise that … Continue reading →

Why is Today’s Energy Underwriting Landscape so Bleak?

oil platform at sunset

Many of the factors that make up today’s bleak underwriting landscape for energy insurers are interrelated and can be summarised as follows.  Continue reading →

Volatile Oil Prices Prompt Firms to Reassess their Risk Tolerance

falling oil prices

Oil prices have dropped 40% in the past six months alone, leading many oil companies to significantly curtail their production. Profit margins and cash flows have been considerably impacted as a result and now, the drastic drop in prices means … Continue reading →

What Oil Volatility Means for Political Risk

oil barrels (blue)

The price of a barrel of oil has slipped by almost 40% in the last few months (from $115 to $70). This is primarily due to three reasons: the global economy is consuming less oil; OPEC has started producing more oil; the US has been producing shale gas much more effectively and efficiently. Continue reading →