Underwriting Energy Insurance with I-G Training’s International Seminar

The old days of an oil rig is so much different from today - Are you able to comprehend the complexities of O&G operational contracts?

The experts used to say, “Watch out for the four “C’s” of insurance protection for the oil and gas explorer or operator — contracts, coverages, costs and claims” The contracts identify the indemnities and liabilities in exploration or oilfield agreements – these agreements are never the same; the coverages contain the nuances that set one policy apart from another; the costs include the choices that make one account more desirable to underwriters than another; and the claims hold the understanding and the presentation of the facts in order to get a fair settlement. An agent, broker or a consultant, an underwriter as well as a risk manager, would do well to approach this field of study in that order. In general, contracts and coverages go hand-in-hand but it is important to remember that all policies are not the same. Whether the difference is in the exclusions, the definitions, the endorsement wording or even openly in the insuring agreement, what may seem to be a standard policy can be totally at odds to what the broker, underwriter or the insured may had in mind.

Don’t just hide behind some Energy POOL or take a small following share (like following an one-eyed Jack) or even becoming a great pretender!Seek out I-G Training Pte Ltd…

I-G Training Pte Ltd


Register

Take a course…… “Underwriting Energy Insurance – By I-G Training Pte Ltd” is highly recommended. The course specifically deals with two main topics:

  • to explore offshore & onshore drilling rig operations’ associated risks exposures
  • to equip participants with the insurance knowledge on offshore and onshore energy risks processes, policy wordings and underwriting technicalities

To be a professional in the energy insurance industry start with learning the problems in contracts, and in order to understand those contracts, it pays to acquire a good understanding of how the various processes are being carried out within both the offshore and the onshore environment; then concentrate on understanding the differences in coverages.

The distinguished speakers are specialists in their own field…..

Technical Aspects of Energy Risks (Mr Ng Cheng Leong)

Insurance Aspects of Energy Risks – Offshore Energy (Ms Seetha Gangadharan)


Keep a date on the 6th & 7th July 2010 – Click to REGISTER! We plan to keep the class size small so that participants could interact more with the facilitator(s) to achieve effective learning. We encourage interested parties to register early. Registration can be done online at http://www.igtraining.com.sg/2010/energyins/register.htm or Email: parry@igtraining.com.sg

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9 comments for “Underwriting Energy Insurance with I-G Training’s International Seminar

  1. Sir Adetokunbo Akanbi
    September 26, 2011 at 15:03

    I am a Chartered Insurer and would like to have expert knowledge of oil and gas insurance in the areas of the 4Cs – contracts, coverages, costs and claims. Grateful advise on training needs online or otherwise. Thank you.

  2. Laura
    May 26, 2011 at 17:16

    Thanks for this piece of information. I went to their website and found that they are conducting another Energy Insurance course soon. Just in case anybody is interested to join me, here’s the link http://www.igtraining.com.sg/2011/energy/

  3. EMMANUEL NYEMITEI
    November 1, 2010 at 17:18

    IAM A CHARTERED INSURER AND WISH TO SPECIALISE IN ENERGY INSURANCE IE OIL AND GAS

    • November 5, 2010 at 22:44

      Good to hear from another Chartered Insurer – let us know if you are interested in courses (O&G) in this part of the region, I will connect you with the right training people.

  4. March 22, 2010 at 17:08

    I am a chatered insurer who wnats to move into energy and gas unerwriting very soon

    • March 23, 2010 at 01:00

      You can contact the person listed in the posting… or you can click on the brown “O&G” icon in the left hand-side widget.

  5. February 14, 2010 at 21:16

    Great posting. Thanks for very useful information.

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