The Need for more Granular Insights and Analytics in Energy

Oil drilling at sunset.

How data-led insights can help energy underwriters manage their exposures

The energy sectors spans global markets, international economies and different geopolitical environments, which leave it susceptible to a wide range of risks. Environmentalists are cracking down on the energy sector in the hopes to influence how energy is produced. Another risk the industry faces is rapid change. Changing capital investment, patterns are altering the way energy is produced all the way through to how it is consumed.

The energy insurance market is also at risk of becoming a “two-tier” system across upstream and downstream markets, where programmes that insurers value more are given better rates over programmes that they value less.

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Post Date: 05/05/2021

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