Table of contents
Carbon Capture, Use and Storage: the challenges ahead for the energy industry LNG: the transformation of the industry and its key risks Digitisation: the promise of benefits, but also of risk
Private Equity in oil & gas: have risk managers caught up?
Geopolitical instability: turning up the heat on the energy industry?
Combining data with analytics: a different view of your insurance programme
Oil Insurance Limited (OIL): a challenging year
Upstream: a gentle market upswing
Downstream: a traumatised and challenging market
Liabilities: undercurrents of change
Construction: drama in the market
Terrorism & Political Violence: is your cover still appropriate?
International insurance market round-up: differing drivers
Market Capacity Figures The figure quoted in this Review are obtained from individual insurers as part of an annual review conducted in January each year. They are solicited from the insurance markets on the basis of securing their maximum theoretical capacity in US$ for any one risk. Although of course this capacity is offered to all buyers and their brokers, the individual capacity figures for each insurer provided to us are confidential and remain the intellectual property of Willis Towers Watson. Willis Towers Watson Energy Loss Database All loss figures quoted are from our Willis Energy Loss Database. We obtain loss figures for this database from a variety of market sources (including a range of loss adjusters), but we are unable to obtain final adjusted claims figures due to client confidentiality. The figures we therefore receive from our sources include both insured and uninsured losses.
Style Our Review uses a mixture of American and English spelling, depending on the nationality of the author concerned. We have used capital letters to describe various classes of insurance products and markets, but otherwise we have used lower case to describe various parts of the energy industry itself.
The following abbreviations are used throughout this Review:
PD Physical Damage BI Business Interruption OEE Operators Extra Expense LNG Liquefied Natural Gas PMD Performance Management Directorate S&P Standard & Poor’s