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IBNMARSH - ENERGY RISK & INSURANCE MANAGEMENT
 
The IBNMarsh Workshop on Energy Risk And Insurance Managment was held on Friday, 11th March, 2011 at Golden Gate Restaurant, Ikoyi, Lagos Nigeria.
 
The welcome address was delivered by Chief Prosper C. Okpue (Executive Vice Chairman/CEO Insurance Brokers of Nigeria Limited), where he reiterated that Insurance Brokers of Nigeria (IBN) has remained in the forefront of the development of professional insurance broking and risk management practice since its establishment in Nigeria. He also emphasized the dominant role played by Oil & Gas in the economic and socio-political horizons of the world. With salient dates, he gave a brief history of IBN-Marsh and IBN subsidiaries which are Industrial Risks Protection Consultants (IRPC) and Resources Benefit Associations (RBA).
 
In conclusion, he expressed his deep appreciation to a colleague Joss Raven of Marsh Energy Practice London for finding time visit our city of Lagos and accepting to present his paper on insurance protection and features of the global energy market; Engr. Jacob Adeosun took his time to discuss the risk assessment and loss control options, his entire colleagues in IBN Energy Practice for organizing the workshop; and most important all the guests for finding time to share knowledge with us.
 
The two papers delivered are concised as follows:
Paper 1: Energy Risk Assessment - By Engr. Jacob Adeosun
Content :
(1) Introduction
(2) Rationale for Risk Assessment and Loss Control
*** The Basic Risk Management Process
*** Major Drivers For Risk Assessment & Loss Control
*** Quick Reference to Large Losses & Some Nigeria Cases
*** Few Points from BP Rig Explosion
*** Lessons from Losses
(3) IRPC Risk Engineering And Loss Control Services
(4) Conclusion
 
Paper 2: IBNMarsh's Energy Practice & Market Update - By Joss Raven
Content :
(1) Introduction to IBNMarsh Energy Practice
(2) Core expertise focus
(3) General market overview
(4) Upstream Market Drivers
*** Capacity
*** Losses
*** Reinsurance
(5) Downstream Market Analysis
*** Capacity
*** Losses
*** Reinsurance
(6) IBNMarsh training
 
Dowload the papers via the specified links:
 
Paper 1. ENERGY RISK ASSESSEMENT - By Engr. Jacob Adeosun
 
Paper 2 . IBNMARSH'S ENERGY PRACTICE AND MARKET UPDATE - By Joss Raven