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Risk Consulting for the Energy Sector

The energy sector is one of the most significant industries globally, and companies within this sector face a variety of complex risks. Our team of risk consultants has extensive expertise with the unique challenges associated with this sector, and has developed a suite of services tailored to the following risk domains:

  • Property including fires and explosions, natural hazards and machinery breakdown exposures
  • Construction / engineering
  • Casualty including third-party and environmental liability exposures

How We Can Help You

Our services include:

Assessment of chemical risks:

  • Management of process safety, asset mechanical integrity and maintenance programs, and emergency response / human element procedures
  • Hardware factors, including layout and construction characteristics, process control and protection, and fire protection systems and means
  • Evaluation of complex loss scenarios (i.e., vapor cloud explosion) using recognized tools and software

Loss prevention services:

  • On-site surveys to identify and analyze fire, explosion and associated risks
  • Risk engineering reports to quantify the site’s vulnerability, the risk via loss scenarios estimate (Normal Loss Expectancy, Estimated Maximum Loss and Maximum Possible Loss), including interdependent and contingent business interruption exposures
  • Loss prevention recommendations aimed at preventing uncontrolled release of highly flammable/explosive substances and mitigating the consequences in case of a loss

We support industrial clients in the following sectors:

  • Upstream – Exploration and Production
  • Midstream – Transportation and Storage
  • Downstream – Refining
  • Base and Heavy Chemicals

Your Benefits

We help your company evaluate the liability insurance limits appropriate to the level of damage potentially affecting third-parties (toxic release, oil spill, fire / explosion) and provide project risk engineering review capabilities to help mitigate risks during design, construction and operation.

Product Availability

Geographical coverage is for informational purposes only. Product and service offers can vary based on location, industry, risk profile and unique business needs.

The information contained herein is intended for informational purposes only. It’s is neither an offer to sell nor a solicitation to purchase any particular insurance product. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy wordings for specific coverage details. AXA XL is a division of AXA Group providing products and services through three business groups: AXA XL Insurance, AXA XL Reinsurance and AXA XL Risk Consulting. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.

US- and Canada-Issued Insurance Policies. In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group.

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