Energy Insurance and Risk Management

An Interactive 10-Day Training Course

Energy Insurance and Risk Management

NASBA
Classroom Schedule
Date Venue Fees
11 - 22 May 2026 London $ 11,900
28 Sep - 09 Oct 2026 Dubai $ 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

NASBA

In Association With

The Energy Training Centre

Visit Website

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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.

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