Imperial Corporate Training Institute offers Energy Insurance Risk Assessment and Compliance Audit Training Course provides a complete and extensive training program for the oil and gas industry. This is in the form of a comprehensive programme aimed at training people who will be working in the oil & gas industry regarding complex insurance, risk and compliance issues in the industry. By providing comprehensive education on how insurance frameworks apply to all three stages of energy operations, Energy Insurance Risk Assessment and Compliance Audit Training Course focuses on how insurable risks can be identified, evaluated, managed and mitigated through the use of insurance coverage.
Energy Insurance Risk Assessment and Compliance Audit Training Course has placed a particular emphasis on “Compliance Audits” as they relate to Energy Insurance, as well as on Governance as they relate to Energy Insurance. This course teaches participants how to develop a structured risk assessment, how to review insurance policy terms and coverage to determine if they offer sufficient protection from potential loss, how to review the processes used in handling insurance claims, and how to complete an insurance underwriting check to ensure that claims are adequately covered. Participants will leave the training with knowledge of how to utilize the course content and the tools provided to support internal audits and internal regulatory compliance activities, as well as to assist in meeting regulatory inspections and/or reviews performed by insurers for purposes of remaining compliant with the various international standards, regulations, contractual agreements and insurance requirements found within the oil and gas industry.
Objectives
By the end of this Energy Insurance Risk Assessment and Compliance Audit Training Course, participants will be able to:
- Understand the basics and fundamental concepts of Energy Insurance as it applies to Oil & Gas Companies.
- Find and categorize possible insured risks for all operations in Exploration, Production, Transportation, and Refining.
- Use Various Risk Evaluation Methods that are Specific to Energy-related assets and operations.
- Read and Understand Insurance Policy Wording, Exclusionary Clauses, Policy Limits, and Deductibles.
- Perform Underwriting Investigations to determine eligibility for accepting risks for coverage.
- Evaluate the Claims Process for Compliance with Policy Provisions and Regulatory Requirements.
- Conduct Compliance Audits of Insurance Policies Based on Industry Best Practices.
- Examine Insurer and Broker Documents for Regulatory Compliance and Contractual Compliance.
- Support the Governance Framework of an Energy Organization through the Governance, Risk, and Compliance (GRC) Framework.
- Enhance Communication between the Technical, Risk, Insurance, and Audit Teams.
Target Audience
This oil and gas training course is suitable for professionals involved in insurance, risk management, compliance, and audit functions within the energy sector, including:
- Insurance and risk managers in oil and gas companies
- Internal and external auditors specialising in energy operations
- Compliance officers and governance professionals
- Energy project managers and commercial managers
- Underwriting and claims professionals working with energy portfolios
- Health, safety, environment, and risk (HSER) specialists
- Legal and contract management professionals in oil and gas projects
- Finance and accounting professionals involved in insurance and claims oversight
- Consultants providing risk, insurance, and compliance advisory services