Past Presentation - OPERA March Online Presentation - BI Coverages & Trends for the Energy Industry

Speakers:

Chris Price-Kuehne (Global BI Engineering Leader, Energy & Power, Marsh)
Anna Frau (BI Engineer, Energy & Power, Marsh)
Lawrence Walters (BI Engineer, Energy & Power, Marsh)

Presentation synopsis:

We welcome you to join this session hosted by members of Marsh’s BI engineering team to learn more about the Business Interruption (BI) coverages available to Energy clients. The session will cover the principles of a range of BI policy types, including their suitability to upstream, midstream and downstream operations. Following recent innovation in the offshore BI sector, there will also be a closer look at the differences between the classic LOPI (2005), revised LOPI (2020) and Operability coverages. With respect to onshore BI we’ll also discuss the recent trend to apply restrictions to coverage via the BI Volatility Clause, and consider an operator’s perspective on managing the volatility that is inherent in the industry.

Speaker Bios: 

This session will be hosted by Chris Price-Kuehne, Anna Frau and Lawrence Walters; members of Marsh’s BI engineering team in the UK. Chris is the Energy & Power practice’s Global BI Engineering Leader and has been working with clients and markets to develop BI engineering processes and coverages for over a decade. Anna and Lawrence joined the insurance industry with backgrounds in refinery planning and scheduling, and provide BI engineering services for a wide range of Energy & Power clients.

MEETING SLIDES ARE AVAILABLE TO CURRENT OPERA MEMBERS VIA THE MEMBER AREA OF THE OPERA WEBSITE.