The power, oil, and gas industries are foundational to modern living, powering our lives and economies. Even as energy demand grows, there is a significant shift towards clean energy and a renewed focus on reducing carbon emissions. Shrinking margins, new consumption patterns, high exposure to natural hazards, price volatility, cyber threats, risk severity, evolving regulatory norms, and environmental concerns are some of the top risk-related challenges for companies in this sector. Any risk oversight could prove to be a significant setback with serious financial, operational, and reputational damages.
As the industry undergoes rapid transformation, you need risk solutions to keep you protected against a wide array of traditional and emerging risks. At Anand Rathi Insurance Brokers Limited (ARIBL), our dedicated power, oil, and gas specialists have decades of experience managing risks unique to the sector. As one of the leading service providers of insurance and risk management solutions in this space, we have done some exceptional work in helping clients to identify, manage, and mitigate risk exposures. Our worldwide partnerships with leading reinsurers, brokers, and underwriters allow us access to global markets and give us the ability to provide you with the most comprehensive and competitive risk solutions from across the world. A client-first approach ensures lasting client relationships, smoother experience, and seamless servicing.
Power, oil, and gas risk consulting
We identify emerging risks and devise innovative and cost-effective solutions for your risk and insurance needs in the power generation & utilities, petrochemicals, and oil & gas sectors. We work with you to understand your risk management needs, assess and benchmark your strategy against industry best practices, and suggest solutions to reduce the total cost of risk. Our consulting services include:
- Risk management strategy development
- Due diligence consultancy and lenders insurance advisory
- Specialized risk engineering and property loss control services
- Business interruption and cyber risk analysis
- Ensuring contract certainty
We create customized covers and policy wordings to suit your project and help to draft insurance and indemnity clauses. Our strong insurer and reinsurer relationships help us to negotiate competitive terms for the coverage of your choice. We enable policy placement for:
- Property damage (including IAR and mega risk)
- Business interruption
- Supply chain – contingent BI
- Project insurance and project marine cargo
- Risk engineering, loss prevention, and loss control
- Defects liability
- Public liability / CGL
- Environmental liability
- Terrorism and political risk
- Cyber risk insurance
Our experienced claims servicing teams help you manage large and highly complex claims seamlessly.
Our Latest News & Blogs
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Rrajesh Sharrma, CEO and Principal Officer, Anand Rathi Insurance Brokers Considering the size of the Indian economy, the market demand for surety insurance will be so huge, it can be another game-changer like agricultural insurance after the introduction of Pradhan Mantri Fasal Bima Yojana, if not for the additional solvency requirement and the cap on […]
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COVID has ripped apart the personal level protection system for any individual wide open