Powering Progress: Risk Management and Human Capital Solutions for the Energy Sector
From upstream to downstream, we understand the complex risks facing today's energy operations. We’ve created a Financial Impact Report that focuses on aligning your business objectives with Risk Management and Human Capital solutions.
First, we ground our understanding of your business in the context of what is happening today in the wider industry…
Risk Management
The U.S. is actively reducing its reliance on Russian nuclear fuel, investing $60 million in domestic centrifuge technology to restore the nuclear fuel supply chain.
Centrus Energy's $60 million investment in Tennessee aims to mitigate risks associated with geopolitical tensions affecting nuclear fuel imports.
Source: FINANCIAL TIMES
2024
2024
Employee Benefits
Clean energy jobs in the U.S. grew by 4.9% in 2023, more than double the overall labor market growth rate, indicating a robust expansion in the sector.
The clean energy sector added 149,000 new jobs in 2023, reflecting its significant contribution to employment growth.
Source: ENERGY.GOV
2024
2024
Insurance
The U.S. Energy Information Administration projects a decline in natural gas production from 103.8 billion cubic feet per day in 2023 to 103.3 bcfd in 2024, while demand is expected to reach a record high.
This production decline, coupled with rising demand, may lead to increased price volatility, impacting energy companies' financial stability.
Source: REUTERS
2024
2024
Risk Management
Artificial intelligence is enhancing efficiency in the U.S. oil industry, particularly in the Permian Basin, leading to a 60% increase in oil production over the past decade despite a 40% reduction in workforce.
AI integration has enabled significant production gains, highlighting the importance of technological adoption in risk mitigation strategies.
Source: BARRON'S
2024
2024
Insurance
Global investment in clean technologies is expected to reach $2 trillion in 2024, nearly double the amount spent on fossil fuels, indicating a significant shift towards renewable energy.
Despite this increase, the investment still falls short of the $4.5 trillion needed annually by the early 2030s to meet net-zero goals, underscoring potential financial risks for companies in the energy sector.
Source: FINANCIAL TIMES
2024
2024
We search for both Visible and Hidden Risks in your operations.
Visible Risks
- Physical Asset Damage (Plants, Equipment, Infrastructure)
- Property Loss
- Workers' Compensation
- Environmental Incidents
- Equipment Breakdown
- Vehicle Fleet Operations
Next, we apply our EBITDA Edge framework to your business…
1
Discovery
- Comprehensive operational risk assessment
- Infrastructure and equipment evaluation
- Environmental impact analysis
- Historical loss pattern review
- Energy transition readiness assessment
2
Risk Mitigation
- Process safety management programs
- Environmental compliance protocols
- Cyber security frameworks
- Emergency response planning
- ESG strategy development
3
Modeling & Analytics
- Energy market volatility modeling
- Natural catastrophe exposure analysis
- Carbon footprint assessment
- Operating cost optimization
- Risk-adjusted return modeling
4
Claims Process
- 24/7 incident response protocols
- Digital documentation systems
- Environmental incident response
- Business interruption minimization
- Claims advocacy and settlement
5
Risk Transfer
- Customized coverage design
- Alternative risk financing
- Environmental liability transfer
- Parametric solutions
- Political risk coverage
We focus on the business drivers that impact your business…
-
Energy transition planning
Renewable energy integration
Grid modernization strategies
Storage solution development
Carbon capture opportunities
Digital transformation initiatives
Market diversification
International expansion
-
Supply chain resilience
Asset integrity management
Environmental stewardship
Regulatory compliance
Technology adoption
Workforce development
Operational efficiency
Safety performance
-
Capital project management
Joint venture risk allocation
Mergers and acquisitions support
Balance sheet protection
Working capital optimization
Infrastructure financing
Decommissioning funding
ESG investment strategies
Lastly, to execute on our goals, we’ve created a suite of world-class tools customized specifically for the energy industry…
Risk Mapping Edge
Comprehensive analysis of energy operations to identify and address unique risk exposures across your entire infrastructure and operations.
- Critical infrastructure and asset vulnerability mapping
- Operational risk assessment for energy generation and distribution
- Environmental and regulatory compliance risk evaluation
- Cyber security threat assessment for critical systems
- Supply chain and business interruption risk mapping
Risk Insight Edge
Strategic analysis of energy industry trends and emerging opportunities in the evolving energy landscape.
- Energy transition risk and opportunity assessment
- ESG integration and sustainability strategies
- Emerging technology adoption pathways
- Regulatory landscape evolution analysis
- Climate change impact and adaptation strategies
Market Intelligence Edge
Deep understanding of energy insurance markets and rate environments across different coverage lines.
- Real-time tracking of energy insurance market conditions
- Property and casualty coverage rate analysis
- Environmental liability market trends
- Capacity and limits monitoring for critical risks
- Alternative risk transfer option assessment
Pricing Edge
Strategic approach to optimizing insurance costs through risk quality improvements and market positioning in the energy sector.
- Risk engineering and loss prevention strategies
- Claims management and advocacy programs
- Environmental risk mitigation planning
- Alternative risk financing structures
- Captive and self-insurance program optimization