Energy Insurance and Risk Management

Why is Energy important?

Energy and power companies face significant challenges and wide-ranging risks as the industry continues to transform at a rapid pace. Across the world, energy demand is growing. At the same time, governments, organizations and communities are committing to reduce carbon emissions and accelerate the transition to clean energy sources.

Better informed

Infrastructure damage, weather and natural catastrophes, human error or cyber threats can all cause power blackouts or severe disruption to energy production. Policy or regulatory changes, as well as social pressures, are causing growing uncertainty for operators and investors.

Better prepared

Aon’s global team of specialists can reduce the total cost of risk while helping to create operational and financial stability with advice on risk exposures and insurance solutions that enable organisations to grow and objectives to remain resilient.

Better designed

Our capabilities include insurance, risk, and human capital solutions for upstream, midstream, downstream, onshore construction, offshore construction and decommissioning firms and contractors.

How Aon Can Help

We provide transactional and advisory solutions to our clients' business and risk-related needs and can help develop and implement an appropriate risk management strategy to provide protection and support as organizations navigate existing and emerging challenges, irrespective of their position in the exploration and production lifecycle including:

• Upstream
• Midstream
• Downstream
• Contractors
• Construction & Decommissioning
• Offshore Construction
• Offshore Decommissioning

Better outcomes

Aon’s risk consulting and actuarial teams have developed a process to enable energy firms to make informed decisions about risk management. Analysis is undertaken to identify the tolerance to financial shock.

These are considered against strategic objectives to determine a qualified risk appetite which is modelled against loss and premium data to determine the risk profile. These data-driven insights enable us to design an insurance programme which optimises risk retention relative to commercial risk transfer options and alternative risk solutions.