Understanding Energy Insurance

Manage complex energy risks through effective insurance structures and risk transfer strategies.

This Understanding Energy Insurance training course equips professionals with practical insight into insurance principles, risk transfer mechanisms, and policy structures essential for managing operational and project risks across conventional and renewable energy sectors.

Core Competencies:

Energy Risk Transfer
Insurance Policy Insight
Underwriting Awareness
Claims & Risk Control

Course Schedule

23 - 27 Mar 2026

London

| $5950

11 - 15 May 2026

London

| $5950

28 Sep - 02 Oct 2026

Dubai

| $5950

30 Nov - 04 Dec 2026

Dubai

| $5950

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Introduction Key Learning Outcomes Training Methodology Who Should Attend? Outline

Introduction

Energy projects operate in high-risk environments where contractual obligations, regulatory requirements, and operational exposures demand carefully structured insurance solutions. From oil and gas exploration to power generation and renewable energy developments, project contracts typically require specific insurance coverages to protect assets, manage liabilities, and safeguard stakeholders against third-party claims. Insurance therefore plays a critical role as a risk transfer mechanism within energy projects and operations.

This Understanding Energy Insurance training course explains how insurance supports risk management across the full lifecycle of energy projects, including construction, commissioning, and ongoing operations. It examines the principles of insurance, underwriting considerations, and policy wordings relevant to energy risks. Participants gain clarity on how insurers assess exposures, how coverage is triggered, and how claims and recoveries are managed. The course also addresses emerging trends in renewable energy and evolving industry practices.

Key focus areas include:

Insurance requirements within energy project contracts
Risk identification and transfer mechanisms
Underwriting considerations for energy risks
Operational insurance and claims handling

Key Learning Outcomes

At the end of this Understanding Energy Insurance training course, participants will be able to:

Analyse insurance requirements for energy projects and operations
Explain how insurance functions as a risk transfer mechanism
Evaluate underwriting considerations for different energy-related risks
Interpret key policy wordings and coverage triggers
Apply risk management practices to reduce insurable exposures
Manage claims, recoveries, and interactions with insurers effectively

Training Methodology

This Understanding Energy Insurance training course is delivered through an interactive and applied learning approach. Participants engage in guided discussions, practical case studies based on real energy projects, group exercises, and knowledge checks. Facilitated analysis ensures practical understanding of insurance wordings, claims processes, and risk management applications.

Who Should Attend?

This Understanding Energy Insurance training course is ideal for professionals seeking to:

Energy project managers and engineers
Risk management and insurance professionals
Contract, commercial, and procurement managers
Operations and asset management personnel
Legal and compliance professionals in the energy sector
Professionals involved in claims handling and loss prevention

Course Outline

Day 1

Overview of the Energy Industry and Insurance Aspects

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

Day 2

Understanding Energy Projects – Application of Construction and Erection Insurances

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

Day 3

Appreciating the Wordings Under Section I And II in the Policy

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?

Day 4

Operational Risks in the Energy Sector

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

Day 5

Handling Claims, Risk Management, and Recoveries

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.

International Standards & Professional Alignment

Our training courses are aligned with internationally recognised professional standards and frameworks across leadership, strategy, finance, governance, risk, compliance, and audit. By integrating globally trusted models, we ensure learners develop practical, relevant, and industry-recognised capabilities.

Our trainings draw on leading international standards and professional frameworks, including ISO, ISACA, COSO, OECD, IIA, FATF, Basel, IFRS/ISSB, GRI, NIST, CPD, ILM and the OECD AI Principles. This alignment ensures consistency with global best practices across financial management, risk oversight, digital governance, sustainability, and strategic decision-making..

Designed in alignment with globally recognised professional bodies, our courses support continuous professional development, strengthen organisational capability, and provide clear pathways toward professional certifications valued worldwide.