With the increasing global energy demand, the Oil and Gas industry has a wide range of challenges and opportunities across the upstream, midstream, downstream and oilfield services sectors. Indian companies have been breaking new frontiers in the field of exploration, refining, storage and transportation. Their scope of business has grown beyond the realms of domestic market and are fast becoming a key player on the global stage.
We help oil and gas companies understand their business risks and develop plans to manage or capitalize on them.
JLT’s Energy team has worked hard to become one of the leading service providers in the industry. Our client first focus, professionalism and work ethic places us at the forefront of the broking services industry.
JLT group has placed an annual premium of USD 1 Billion in global insurance markets, we have the largest energy team in the London market meaning we are significant trading partners with all the major energy markets worldwide, allowing us to leverage the market to secure the best deals we possibly can for the benefit of our clients.
Our team understands negotiates, designs, places and services tailor-made insurance and risk management solutions for the various exposures of a wide range of onshore and offshore energy clients in India.
We recognize that the ultimate test of any insurance product is the provision of a quality service in the event of a loss. Our energy claims team is a vital component of the service we offer.
Energy Risk Consulting & Risk Management
Our energy consulting team draws on JLT’s worldwide resources and experience. You will benefit from engagement with seasoned professionals with many years’ experience in the energy broking, underwriting, risk management, legal/compliance and engineering sectors.
Risk engineering services for the energy Industry
JLT provides risk engineering insurance services across the energy industry, from offshore and upstream, through downstream refining and petrochemicals, to midstream and LNG operations. This can be at the construction and operational phases.
RISK INFORMATION – NATURAL HAZARDS
Many of our clients operate in locations that are vulnerable to natural hazards including: earthquake, typhoon, windstorms, heatwaves and volcanic eruptions. Our specialists have considerable experience identifying natural hazards exposed to a site.
By working with insurance market and inhouse catastrophe models, as well as conducting on-site surveys, we can highlight where the main loss exposure is and recommend ways to manage these from an insurance perspective. Additionally we will calculate the maximum foreseeable loss (MFL) and estimated maximum loss (EML) exposures to validate our findings.