Corporate Insurance Partner - Optimum insurance cover for energy companies

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Optimum insurance cover for oil & gas companies

The oil and gas industry is undergoing far-reaching changes. To satisfy global energy demand, companies need to invest. Highly volatile commodity prices, however, have rendered business forecasts difficult, thus increasing the risks of investment.

This, along with growing concerns over political, legal and regulatory developments and digital dilemmas such as the impact of new technologies, increases the challenge that energy companies face. The need to reduce emissions is forcing energy companies to introduce groundbreaking - and, in some cases, immature - technologies which are more prone to breakdown and thus lead to interruption of operations.

In addition to this, the need to compete and survive in the context of plummeting oil and gas prices and a steady or even increasing supply adds to the uncertainty that energy companies face today.

The Munich Re Facultative & Corporate Oil & Gas team has been underwriting the Downstream Energy market for over 35 years, and is recognized as a market leader in this class of business in both the London and international Energy insurance markets. The team delivers strong technical underwriting for this demanding sector throughout the underwriting cycle. We also have in-house risk management resources that can be utilized for site surveys, asset reviews and client technical liaison. As a result of our diverse and unique skill set, our client base encompasses a broad range of companies across the globe.

Whilst our primary focus is on insurance for downstream oil and gas industries, we also offer integrated products.


Target client sectors:
  • National Oil Companies
  • Fully integrated and/or global Oil & Gas companies
  • Members of OIL Limited
  • Midstream companies
  • Downstream companies
  • Gas processing plants, onshore pipelines, terminals and LNG facilities Refining companies
  • Refining companies
  • Petrochemical and specialty chemical companies
  • Fertiliser companies
  • Exploration and production companies, upstream operations
  • Offshore risks when in combination with onshore
  • Property damage
  • Business interruption, or Loss of Production Income
  • Operators Extra Expense, OEE
Additional Information Depending on our clients’ needs, we also offer additional covers and services, such as nat. cat. assessment in cooperation with the Munich Re Geo Risks Research unit.

Five reasons you should consider speaking to us:

1. You handle large amounts of hydrocarbons

Due to the nature of the industry, you are highly exposed to large losses such as those occasioned by vapor cloud explosions, run-away reactions, tank fires, etc. We are one of the leading Oil & Gas insurers with world-wide market knowledge. Our experts understand your business.

2. You want access to the final risk carrier

As part of the Munich Reinsurance Group we write business directly onto our balance sheet without the need for any third party re-insurance involvement. This makes us a reliable partner for the long term. 

3. Your business is undergoing change (due to e.g. IoT, electro mobility, environmental regulations)

Our in-house experts are ready to develop tailor-made solutions for a changing risk-environment with you.

4. You are either a multinational or a national Company

Our world-wide mandate allows us to follow your risks and provide you with expertise gained from a long-term track record both global and local.

5. You are interested in financial solutions based on parametric triggers

With dedicated teams we offer experience and solutions for e.g. weather or natural catastrophe-related risk transfer

Please contact us to discuss your specific situation. We look forward to speaking with you about a solution that is tailored to your risk situation.

Solutions for power & utilities industry

We offer insurance solutions that address technical developments and the new risks of the power & utilities industry.

One Cat

Oliver Quast

One Cat: Comprehensive and rapid response to natural catastrophes


Stefan Riedel

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This publication is available exclusively to Munich Re clients. Please contact your Client Manager.