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An Interactive 10-Day Training Course

Energy Insurance and Risk Management

Schedules Outline

Classroom Schedule

Date	Venue	Fees
11 - 22 May 2026	London - UK	$ 11,900
28 Sep - 09 Oct 2026	Dubai - UAE	$ 11,900

Modules

This training course is split into the following modules:

Module I - Understanding Energy Insurance

Module II - Energy Risk Management

Course Outline

Module I: Understanding Energy Insurance

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.

Module II: Energy Risk Management

Day 6

Overview of Energy Risk Management

Introduction to risk & risk management
Risk management standards
Key definitions
Critical success factors for risk management
Organisational risk attitudes (Risk culture)
Organisational structures
Risk roles and responsibilities
Risk and strategy
Culture

Day 7

Risk Management Categories

Financial risks
- Market risk
- Credit & counter-party risk
- Liquidity risk
- Limit management
Operational risks
Systemic risks
Emerging risks
Strategic risks

Day 8

Risk Reporting & Mitigation

Understanding materiality
KRIs
Developing risk reports
Risk mitigation & controls
Aligning opportunities, strategy, and risk
Integrating risks across the energy business
Risk management accountability & ownership

Day 9

Applying Risk Practices to The Energy Business

Comparison of risk practices across sectors
Risk management’s role in strategic management and value creation
Leveraging existing operational risk management as part of ERM
Risk accountability structures
Tools and techniques
Aligning risk, compliance, & regulation

Day 10

Energy Trading

Energy trading: What, where, and how?
Overview of energy trading and risk management
Energy trading and risk management systems
Integration of technology as part of the risk architecture
ERM systems
Dealing with energy trading
ESG: The new frontier for risk
The Future - Risk and value creation

Certificates

On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.

Providers and Associations

Endorsed Education Provider

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Frequently Asked Question:

GLOMACS offers both online andperson training options. You can choose from interactive virtual sessions or attend one of our globally locatedperson training courses. The flexibility ensures that learning fits your schedule and preferences.

Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.

Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions,on activities, and interactive Q&A sessions to maximize learning outcomes.

For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.

You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.

Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability,recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.

GLOMACS is a globally recognized leader in professional training and development, with a reputation for deliveringquality,driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online andperson), and accredited certifications that add real value to your career.

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

Options & Brochure

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An Interactive 10-Day Training Course

Energy Insurance and Risk Management

Modules

Module I: Understanding Energy Insurance

Overview of the Energy Industry and Insurance Aspects

Understanding Energy Projects – Application of Construction and Erection Insurances

Appreciating the Wordings Under Section I And II in the Policy

Operational Risks in the Energy Sector

Handling Claims, Risk Management, and Recoveries

Module II: Energy Risk Management

Overview of Energy Risk Management

Risk Management Categories

Risk Reporting & Mitigation

Applying Risk Practices to The Energy Business

Energy Trading

Endorsed Education Provider

In Association With

Frequently Asked Question:

Download Pdf

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An Interactive 10-Day Training Course

Energy Insurance and Risk Management

Modules

Module I: Understanding Energy Insurance

Overview of the Energy Industry and Insurance Aspects

Understanding Energy Projects – Application of Construction and Erection Insurances

Appreciating the Wordings Under Section I And II in the Policy

Operational Risks in the Energy Sector

Handling Claims, Risk Management, and Recoveries

Module II: Energy Risk Management

Overview of Energy Risk Management

Risk Management Categories

Risk Reporting & Mitigation

Applying Risk Practices to The Energy Business

Energy Trading

Endorsed Education Provider

In Association With

Frequently Asked Question:

Course Registration

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Download Pdf

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