INSURANCE SERVICES FOR OIL COMPANIES AND OTHER CORPORATIONS

Arrange insurance coverages that suit clients’ requirements and legal/contractual obligations. Related activities include:

• working closely with risk managers and appointed brokers in order to establish the basis of the cover required.
• Liaise with re-insurance brokers – if required – in all aspects related to the insurance cover.
• Contacting local insurers to obtain the best terms, conditions, and premiums.
• Implementing the insurance cover after obtaining approval from the client. Covers can be tailored to accommodate pre-existing worldwide programmes, preferred reinsurance route, client’s captive, or participation in mutual insurers like O.I.L.

We have arranged many multi-billion US$ insurance policies at premium levels exceeding millions of US$.

Some of the insurance programmes that we have arranged included one or more of the following insurance policies:

• All Risks Physical Loss & Damage (Onshore & Offshore).
• Control of Well (Onshore & Offshore).
• Third Party Liabilities (Onshore & Offshore).
• Liability coverage required by service companies and contractors.
• Construction All Risks Covers.
• Business Interruption.
• Medical Cover.
• Personal Accidents.
• Small policies: motor vehicles, office buildings and contents, etc.

• Full administration of the designed insurance programme by following up with all parties concerned, providing information updates, liaising with clients' insurance officers at head offices and/or finance officers at local branch offices. Also responding to owners' insurance queries, joint venture partners and/or any others concerned.
• Full review and assessment of insurance programmes by assessing existing arrangements and recommending improvements, or re-structuring (limits of indemnity, deductibles and other options) if required.

• Implementing the insurance tendering process, locally and internationally, for the selection of insurance companies, brokers and underwriters.

• Full claim management services, commencing from notification of incidents, gathering information and establishing estimated loss. Also working closely with the appointed Loss Adjusters, responding to their queries and negotiating claims until fully settled. These services are usually carried in full coordination with Risk Managers at the head office of the client.