Advanced Energy Insurance Administration Course
Course Overview
The key objective of this course is to empower professionals to:
• Acquire detailed knowledge and information about energy insurance in the oil and gas industry
• Make the right decisions when opting for insurance plans for one’s organization, thus protecting the organization with the appropriate cover
• Devise, on the part of the insurer, suitable, customizable and useful insurance plans, thereby promoting insurance covers to organizations
• Review, analyze, predict and cover all possible risks offshore and onshore through insurance to avoid financial losses to the organization
Training Format:In-class, Virtual, In-house
Location:Lagos, Accra, Nairobi, Kigali
Language:English, French
Nigeria Price:
₦330000
Int'l., (Nigeria) Price:
$1000
Ghana Price:
$4000
Kenya Price:
$5500
Rwanda Price:
$6000
Nigeria Price:₦330000
Int'l., (Nigeria) Price:
$1000
Ghana Price:
$4000
Kenya Price:
$4000
Rwanda Price:
$4000
Nigeria Price: ₦330000
Int'l., (Nigeria) Price:
$1000
Ghana Price: $4000
Kenya Price: $4000
Rwanda Price: $4000
Broad Risks in Oil and Gas Industry
• Political risks
• Geological risks
• Price risks
• Supply and demand risks
• Cost risks
Types of Offshore Energy Risks
• Weather perils
• Marine perils
• Drilling perils
• Production perils
• Political risks
Types of Onshore Risks
• Property damage
• Boiler explosion/Machinery breakdown
• Business interruption
Risk Control Techniques
• Safety programs
• Security systems
• Fire suppression
• Construction material check
• Pre-employment screening
Benefits of Scale in Risk Management
• Diversification
• Financing
• Expertise
• Products
Risk Transfer Mechanisms
• Captives’ insurance companies
• Catastrophe bonds
• Derivatives
• Insurance
• Self-insurance
Challenges of the Energy Industry
• Dynamic business models
• Globalized environment
• Human capital management
• Climate change and environmental care
• Impact of new technology
Energy Insurance Placement in the Market
• Tender quotation
• Broker selection
• Lead underwriter selection
• Broker’s placing slip
• Line authorisation
• Closing and final signing
• Final policy wording
Adjustments by Insurance Buyers, Risk Intermediaries and Insurers
• Energy industry business requirement
• Current risk management methodologies
• Energy insurance market trading conditions
Important Aspects of an Insurance Policy
• Loss control
• Safety
• Claims management
• Financial analysis
Factors Affecting Insurance Costs in Oil and Gas
• Production level
• Operations size
• Payroll
• Storage type
• Management experience
• Resident state of operations
Various Coverage Options
• Umbrella liability
• Professional liability
• Inland marine liability
1ST BATCH: Tuesday, April 21, 2026 — Friday, April 24, 2026.
2ND BATCH: Tuesday, August 11, 2026 — Friday, August 14, 2026.
3RD BATCH: Tuesday, December 8, 2026 — Friday, December 11, 2026.
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and
illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical
experience, emphasizing the application of learned techniques. This approach ensures that attendees return
to their professional environments equipped with both the competence and self-assurance to effectively
implement the acquired skills in their responsibilities.
