ALPS Energy has:been designed to meet fully the requirements of the energy market and includes functionality to manage exposures to:

Offshore 

World-wide offshore energy risks, including fixed, mobile platforms, and pipelines, with ability to perform aggregations for major risk events and natural perils scenarios.  ALPS Energy can be used to track actual claim notifications against expectations, and can maintain different loss scenarios (for example best case, worst case, and expected).

Onshore

ALPS Energy can also be used to track exposures to onshore risks utilising a similar risk model and questionnaire.

Key Features

• Integration with offshore (oil rig, hull, engineering) and onshore property risks and losses
• Integration with catastrophe model data
• Capture energy portfolio
• Explore relationships between portfolio and underlying onshore and offshore risks
• Price an onshore or offshore property portfolio programme
• Calculate gross and net portfolio exposure at a loss level by onshore or offshore risks
• Calculate gross and net portfolio exposure to a set of actual or simulated losses
• Optimise line writing strategy for an energy portfolio
• Calculate return on equity and return on capital for an energy portfolio

Benefits

For Energy Underwriters
ALPS enables effective knowledge and control of written, managed and delegated risks.

For Energy Brokers
ALPS reduces the time and cost of producing energy client programme analytics whilst improving accuracy.

For Capital Providers and Regulators
ALPS enables energy practitioners to demonstrate that they are fully aware of exposure commitments and of the potential consequences of risk decisions.

For Energy Risk Managers
ALPS reduces the time and cost of benchmarking energy insurance programmes.