Cargo insurers can expect to face a large exposure value after the recent tanker attacks in the Gulf of Oman.
An Integrated Approach to Offshore Energy Risk Management
12 August 2015 | Press Article
The offshore energy industry is facing an increasing range of threats and disruptive forces, which naturally translates into significantly increased exposure for underwriters (re)insuring that business. Events such as the Macondo/ Deepwater Horizon blowout have thrown offshore energy underwriters into the spotlight, but this insurance class, like most of the specialty classes, is also prone to political, economic, cyber, credit and business interruption risks.
In this article Suki Basi explores the energy risk landscape today, highlighting underlying risk volatility and the potential outcomes resulting from offshore energy risk aggregation.