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Course Schedule

Classroom Sessions:

Date	Venue	Fees
23 Sep - 04 Oct 2024	Dubai - UAE	$11,900

Course Description

MODULES

This training course is split into two modules:

MODULE I - Understanding Energy Insurance

MODULE II - Energy Risk Management

Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a 2-week training course.

Course Outline

Module 1: 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 2: 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

Providers and Associations

In Association With

The Energy Training Centre

Our collaboration with Energy Training Centre aims to provide the best training services and benefits for our valued clients

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Related Categories

Risk Management

An Interactive 10-Day Training Course

Energy Insurance and Risk Management