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Energy

A suite of solutions to protect your business

The challenges facing businesses in the energy industry are complex and ever-changing. While the need for secure energy sources continues to grow, the growing threat of climate change means we must urgently expand our sustainable energy solutions. These challenges are putting unprecedented strains on organizations working in the energy sector.

At Zurich, we can help you face this complex environment with confidence, protecting your operations and your bottom line with a suite of energy insurance products and services.

Why Zurich?

In 2018, Zurich inaugurated a new energy plan, setting in stone our principles to be transparent, predictable and reliable in everything we do. Since then, we have increased our capacity each year and are now one of the world’s largest insurers across the traditional energy industry. We offer:

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Global reach

Our global network covers 200 different countries and jurisdictions, so we can offer global energy and heavy industries insurance programs around the world.

We bring clarity to complex multinational insurance programs by aligning with local insurance regulations and premium tax obligations.

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Risk engineering expertise

Our over 700 risk professionals are highly experienced in the energy sector, operating in over 40 countries and backed by decades of experience.

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Claims expertise

Our dedicated claims experts, major loss and fraud protection teams have years of experience in dealing with complex energy claims. They offer an end-to-end service, providing support from the first call to the final resolution and helping you keep up to date with the latest insurance opportunities.

Your end-to-end provider for energy industry insurance

  • We are a leading insurer in upstream energy, with an experienced and knowledgeable team located within four hubs globally
  • We offer a range of products and services, including physical damage, loss of production and hire, operator’s extra expense and upstream construction, each up to 250mn USD capacity.
  • We are at the forefront of developing new products, to support our customers, for the energy transition landscape; including carbon capture storage, hydrogen and offshore renewable risks.
  • Our experienced and knowledgeable team has an excellent reputation for leadership in downstream insurance and can cover up to 200mn USD for each risk.
  • Our highly qualified engineering team has an extensive knowledge of the downstream and mid-stream industry.
  • Our dedicated network of power hubs puts you in reach of underwriters and engineers at locations around the world, offering regional expertise in local languages.
  • We have the underwriting capacity and appetite for most technologies in the power industry, from gas-fired conventional power to renewable energy technology including onshore wind and solar, offering up to 250mn USD capacity per risk.
  • We offer full underwriting support for sustainable energy, including the full portfolio of services such as risk engineering and fronting.
  • We’re supporting customers through their energy transition with underwriting and technical expertise so they can focus on their business.
  • With 13 dedicated mining risk engineers around the world, including a Tailings Storage Facility specialist, we offer market-leading support in the mining sector to customers and brokers.
  • Thanks to a well-established business, we can offer a selective underwriting strategy, with capacity up to 200mn USD for each risk.
  • Our vertical approach to the delivery of Energy Casualty solutions incorporates primary coverages in addition to excess and international capabilities supported by a global network.
  • Zurich Casualty Energy offers a one-stop shop providing a whole account view for your company. Our Underwriters average 15 years of specialized energy background for understanding your company’s unique circumstances. These same underwriters offer service on renewable and traditional power generation, and can assist your company in working through energy transitions.
  • The Zurich Casualty energy program can provide holistic, broad, flexible program structures including guaranteed cost and loss sensitive options. We offer consistent lead excess capacity and a widening range of risk management services to help drive your progress to a more sustainable, low-carbon future.

Our commitment to a greener future

In line with our commitment to limit global warming to the international 1.5ºC target, we no longer cover thermal coal, oil sands and oil shale. We also no longer support greenfield oil exploration sites or oil and gas drillings in the Arctic.

We do not separate our sustainable energy from our traditional energy services. Many oil, gas and power customers are moving to hybrid models and are becoming the largest investors and developers in sustainable energy. Our business model is designed to support this new transition.

Contact us

Should you have any questions or need further information please reach out to your local Zurich contact or your broker

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