At Gallagher, we recognize that insurance needs vary according to the size of your organization, the complexity of risk and the level of internal resources. Our dedicated energy team performs detailed exposure analyses to design tailor-made risk solutions, ensuring there is a reduced impact in the event of a loss. This process drives us to find the most appropriate solution for each unique circumstance continually.
Working collaboratively with our wider specialist teams enables us to efficiently provide complete solutions of bespoke policy wordings, program design, placement solutions and consulting to support our clients' varied and evolving needs. Here are just some of the additional services and areas of expertise we can provide:
- Risk management consulting
- Contract reviews concerning insurance and indemnity provisions
- Loss control engineering, including maximum foreseeable loss reviews and HAZOPs
- Risk identification, evaluation and quantification
- Claims management, advocacy and resolution services
- Alternative risk financing
- Oil Insurance Limited (OIL) advisory services
- Captive feasibility studies and captive management
- Exposure modeling, technical premium pricing, total cost of risk analysis, risk financing,
- Benchmarking
- Risk-retention analysis
- Mergers and acquisitions consulting
- Analysis of insurance market capacity and emerging trends
- Specialized programs and product development
Full-service energy risk services capabilities and strategies designed to meet your needs
The energy industry is facing challenges from every front. The global energy demand is skyrocketing, and the ever-changing global regulatory environment is changing. As Canada's largest global energy broker, our team can handle a broad range of client needs, from complex multinationals to small single-territory firms. We partner with companies in all energy industry segments, allowing us to bring real-world expertise as a part of our service offering to help you reduce risk.
From discovery to decommissioning and everything in between, our energy experts provide custom-built risk management and insurance solutions for the following energy sectors, including but not limited to:
- Upstream: conventional and unconventional producers, explorers and developers as well as SAGD and oil sands
- Midstream: hydrocarbon processors, pipeline companies and commodities storage
- Downstream: petrochemical producers, refiners, processors and marketers
- Power and utilities: power generation, storage and transmission, and distribution
- Renewables: wind, solar, hydro, run-of-river, carbon capture, hydrogen, geothermal, biofuels and battery storage
- Drilling contractors: Canadian, international and offshore drillers
- Construction: oil field construction, pipeline construction, site construction fabricators, transmission line construction, pilings, wind farms and solar farms
- Oil field transportation: trucking, fluid hauling, equipment hauling, trans-loading and rail
- Contractors: plant operators, engineers, pipeline contractors and designers
- Consultants: engineering, geological and geophysical
- Oil field manufacturing: oil field equipment, instrumentation, production equipment and fabricators
- Oil field rentals: site trailers, camps, rig mats, generators, tanks, lights and boilers
- Oil field services: fracking, wireline, snubbing, pigging, coil tubing, pressure testing, environmental services, service and supply companies, camps operators, camp catering and hot oilers
Local expertise with global reach
As a part of the Gallagher Global Energy practice group, we operate out of key global energy hubs and work seamlessly with offices located around the world to provide unparalleled market access and service for our clients.
We have strong, well-established relationships in the Canadian, U.S., London and international markets meaning we can leverage them to obtain the most effective cover for our clients. Our team of account managers, brokers, claims specialists, engineers, analysts and more are all exclusively dedicated to the energy industry.
Face the future with certainty and confidence
Our dedicated team of energy-focused risk managers allows us to deliver specialized tools and solutions designed to solve the unique risk challenges for the energy industry. Our focus is key to the quality and success of the solutions and guidance that we provide to our energy clients. These proprietary tools include:
- Gallagher CORE360® is our unique, comprehensive approach to evaluating your risk management program that leverages analytical tools and diverse resources for customized, maximum impact on six cost drivers of your total cost of risk.
- Gallagher DriveTM is our proprietary data and analytics platform that empowers our teams and clients to:
- Compare program structures against industry peers
- Gain an understanding of losses and forecast future liabilities
- Optimize current insurance programs and reduce cost leakage
- Find the most efficient use of capital to minimize costs