Energy Insurance and Risk Management

An Interactive 10 - Day Training Course

Energy Insurance and Risk Management

Classroom Dates
Register
23 Sep - 04 Oct 2024
Dubai
$11,900
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This training course is split in two modules:

MODULE I - Understanding Energy Insurance

MODULE II - Energy Risk Management

Each modules is structured and can be taken as a stand-alone training course; however, delegates with will maximise their benefits by traking Module 1 and 2 back-to-back as a 2-week training course.

Module 1: Understanding Energy Insurance

DAY ONE: OVERVIEW OF THE ENERGY INDUSTRY AND INSURANCE ASPECTS 

  • Types of oil and gas risks and differences between erection/operational exposure
  • Renewable energy and current trends in the industry
  • World oil economics and shale gas as an alternative energy source
  • Coal-fired & gas turbine plants
  • Offshore risks and marine-related issues
  • Explore the coverage provided by the various insurance covers

 DAY TWO: UNDERSTANDING ENERGY PROJECTS – APPLICATION OF CONSTRUCTION AND ERECTION INSURANCES 

  • Principles of insurance: What are they and appropriate examples?
  • CAR or EAR: What are the differences?
  • Discuss and identify trade risks
  • Is it underwriting or just undercutting?
  • How to affect the risk transfer mechanism?
  • Challenges when there is an incident at an energy project site

 DAY THREE: APPRECIATING THE WORDINGS UNDER SECTION I AND II IN THE POLICY 

  • Material damage and third-party liability aspects
  • What are the concerns of the risk surveyor?
  • Investigation - Why is the cause of failure very crucial?
  • Role of the loss adjuster or loss assessor
  • Dealing with third-party damage claims
  • What is physical damage?

 DAY FOUR: OPERATIONAL RISKS IN THE ENERGY SECTOR 

  • Property insurance: IAR/Fire policy coverage
  • Offshore operating risks
  • Business interruption insurance
  • Third-party insurance: General & pollution liability
  • Operator’s extra expenses insurance
  • Offshore construction risks

DAY FIVE: HANDLING CLAIMS, RISK MANAGEMENT, AND RECOVERIES 

  • Recovery (subrogation) is undertaken after the insurance company pays a claim
  • How is loss adjustment undertaken?
  • Application of policy excess or deductible
  • Why is risk management critical in energy projects?
Module 2: Energy Risk Management

Day Six: OVERVIEW OF ENERGY RISK MANAGEMENT 

  • Introduction to Risk & Risk Management
  • Risk Management Standards
  • Key Definitions
  • Critical Success Factors for Risk Management
  • Organisational Risk Attitudes (Risk Culture)
  • Organisational Structures
  • Risk Roles and Responsibilities
  • Risk and Strategy
  • Culture

 Day Seven: RISK MANAGEMENT CATEGORIES 

  • Financial Risks
    • Market risk
    • Credit & counter-party risk
    • Liquidity risk
    • Limit management
  • Operational Risks
  • Systemic Risks
  • Emerging Risks
  • Strategic Risks

 Day Eight: RISK REPORTING & MITIGATION 

  • Understanding Materiality
  • KRIs
  • Developing Risk Reports
  • Risk Mitigation & Controls
  • Aligning Opportunities, Strategy, and Risk
  • Integrating Risks Across the Energy Business
  • Risk Management Accountability & Ownership

 Day Nine: APPLYING RISK PRACTICES TO THE ENERGY BUSINESS 

  • Comparison of Risk Practices across Sectors
  • Risk Management’s Role in Strategic Management and Value Creation
  • Leveraging existing Operational Risk Management as part of ERM
  • Risk Accountability Structures
  • Tools and Techniques
  • Aligning Risk, Compliance, & Regulation

 Day Ten: ENERGY TRADING 

  • Energy Trading: What, Where, and How?
  • Overview of Energy Trading and Risk Management
  • Energy Trading and Risk Management Systems
  • Integration of technology as part of the risk architecture
  • ERM Systems
  • Dealing with Energy Trading
  • ESG: The new frontier for risk
  • The Future - Risk and Value Creation

We offer two main training formats to cater to different preferences and needs: 

  • Classroom Training Delivery – Our traditional classroom-based training courses provide a face-to-face learning experience with subject matter experts. You’ll benefit form in-person interactions, hands-on exercises, and a structured classroom environment.
  • Online Training Delivery – We also offer convenient live/online training courses that you can access from anywhere with a stable internet connection. These courses provided flexibility and allow you to learn anywhere, making them suitable for busy schedules or remote learning.

Yes, we do. We provide tailored training courses designed to meet the specific requirement of larger group of individuals. These customized training courses can be conducted both classroom and online formats, allowing you the flexibility to choose you preferred dates and duration.

Please contact us at inhouse@energytraining.ae to discuss your group’s training needs, and we’ll work with you to create a personalized training course that aligns with your objectives.

We value transparency and are happy to provide our instructor’s profiles upon request. If you would like to learn more about our instructor’s’ qualifications, expertise, and experiences, please email us at info@energytraining.ae.

We have multiple international training venues. You may find this through our website link: https://energytraining.ae/training-locations 

Our training courses are held at our partnered hotels within the city included within our training

The Energy Training Centre Certificate of Completion with corresponding learning hours who has successfully completed the training course.

Yes, we provide assistance by issuing a Letter of Invitation stating that you are confirmed to attend our training.

Yes, here are the following options we can offer to assist you:

  • Corporate Discount – We can extend our corporate discount to participants staying at the same hotel, if we have any. Please enquire about the availability of this discount when you register for the training course.
  • Nearby Hotel Suggestions – If you prefer other accommodations, we can provide a list of nearby hotels to suit your needs and budget.

Feel free to go through hotel booking platforms on the internet to find the most cost-effective for you.

No, we do not provide job placement services after the training course. However, we are confident that our training course equips you with the necessary tools and knowledge to enhance you career prospects and promote career growth. Our training course are designed to empower you with valuable skills and expertise to excel in your chosen field.

Classroom
  • Tuition fee for a 5-day training course
  • Provision of a world-class subject matter expert to deliver this training
  • Meeting at a hotel venue corresponding to your chosen session
  • Welcome food and drinks, AM / PM snack, and Lunch
  • Digital course materials (e-Tablet)
  • Course completion certificates
  • Designing and administration of Pre-& Post Course Assessments
  • Preparation of participant’s Performance and Appraisal Report, if required
  • Issuance of Letter of Invitation for delegates needed visa processing, if required
Online
  • Tuition fee for a 5-day online training course
  • Provision of a world-class subject matter expert to deliver this training through live/virtual delivery
  • An electronic copy of the training manual and relevant hand-outs
  • Issuance of The Energy Training Centre e-Certificate of Completion
  • Administration of Pre-& Post Workshop Assessments
  • Link access of online platform acceptable to both parties

Certainly, we do provide corporate rates tailored for organizations seeking to enrol multiple employees in our training programs. To facilitate this, we encourage you to make a formal request via email addressed to info@energytraining.ae. We’ll be delighted to discuss and offer a suitable arrangement for your corporate needs.

Yes, special discounts are available upon request if you have more than one registrant for a course. For further information please email us at info@energytraining.ae

We offer two convenient payment options:

  • Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
  • Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.

Upon receipt of your registration details sent via email at reg@energytraining.ae, we will send you the following by e-mail within 24-48 hours of registration.

  • Joining Instructions
  • Invoice/receipt (where appropriate)

 If you register online, you will receive an e-mail on the same day confirming your registration.

There are two convenient options to register for a training course:

  • Online Registration Form – Register for your desired training course by completing the online registration form available on our website. Simple click on the registration button or select your preferred dates and provide the requested information.
  • Email Registration – You can email us your intention to register at info@energytraining.ae. Our team will guide you through the registration process and provide assistance you may need.

Yes, we do allow registration transfers in the event that you are unable to attend the training course. To initiate a transfer, please send us an official email requesting the change. We’ll guide you through the transfer process and ensure a smooth transition of your registration to another eligible participant.

Our training course sessions are scheduled and posted on our website for your convenience. However, we understand that there may be specific requirement for your group. If you have a preferred venue and specific training dates in mind, please feel free to propose them to us by clicking on the button “Propose you preferred location & date” of your preferred training course.

Our course timings slightly vary between the cities we offer our training courses. Please let us know of your preferred course and session (dates/venue) through email at info@energytraining.ae. Alternatively, you may call/WhatsApp us at +971 50 746 0956.

We understand that time zones may be different between our Senior Consultants and our delegates. Our standard online course timings (11:00 AM to 4:00 PM, GMT+4 – Dubai, UAE) may be adjusted upon confirming the programme. Our team shall communicate between the confirmed registered delegates and suggested a suitable course timing for all.

Our standard course duration for our classroom programmes is 6 hours per day while our online session is 5 hours per day.

Our training programmes are designed to be concise yet comprehensive, focusing on professional development. The duration varies based on the specific course content and objectives – we normally offer programmes between 5 – 10 days. However, our emphasis lies in delivering interactive and engaging sessions that prioritize depth of learning within a condensed timeframe. This approach ensures participants acquire substantial knowledge and skills efficiently.

We have been assessed by TUV Rheinland Middle East FZE and comply with Quality Management System standards – ISO 9001:2015 and ISO 29993:2017, ensuring a commitment to quality and excellence in our operations and services.

Our training courses span across diverse industries, encompassing sectors such as but not limited to:

  • Power & Utilities
  • Oil & Gas
  • Financial Institutions
  • Government and Regulatory bodies
  • Manufacturing & Production Industry

Our commitment lies in continuously refining and expanding our training course offerings to align with evolving industry landscapes. We encourage individuals to explore our website or engage with our dedicated support team for the latest information on available courses, ensuring access to the most pertinent and current educational resources.

Yes, Energy Training Centre is an ILM Recognised Provider (ID# 002398B), authorized to register learners and offer training courses recognized by ILM. Participants seeking ILM Recognised Certification would need to complete an assessment post the ILM Recognised courses. ILM is a renowned provider of leadership and management qualifications, part of the City and Guilds Group. Additionally, our company is a CPD Certified Training Company, ensuring our commitment to continuous professional development standards.

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