Technical Feature - Energy, Oil and Gas: Managing the insurance of the oil and gas industry – Seeking a platform for profits
Source: Asia Insurance Review | Mar 2009
What are the challenges facing oil and gas underwriters today? They are precisely the same challenges that face any underwriter on any line of business – how to make a profit in an increasingly volatile risk environment in an uncertain global economic climate. Mr Jonathan Ranger, Principal Officer of Watkins Syndicate Singapore, looks at the increasing loss scenarios in the oil and gas industry, whether in the Gulf of Mexico or in Asia, and how insurers should form partnerships with their cedants for a mutual long-term beneficial relationship.
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