OPERA – STAND AND DELIVER
An interesting panel discussion was held during the OPERA meeting of 10th September 2019. It was entitled “Stand and Deliver” – The Role of Risk Engineering (Past, Present & Future) in Onshore Energy Insurance. The overall consensus was that risk engineers generally provide a vital service to underwriters, even if they cannot predict where big losses will occur.
Low insured property values are of great concern in the international market. Fortunately, most of our clients regularly have their property valued by third parties.
Insured business interruption values are perhaps of greater concern but being subject to so many variables are difficult to pin down. It seems that the insurance policies will have to address this issue.