Energy Insurance

Global energy insurance for offshore and onshore risks
With dedicated energy insurance teams serving both the onshore and offshore oil and gas industries, Allianz Global Corporate & Specialty (AGCS) can provide flexible and tailored solutions to the most demanding energy insurance challenges.

We have expert energy insurance teams in London, Houston Singapore, all of whom are backed up by AGCS's market-leading capacity and our ability to underwrite risks in over 200 countries and territories.

Our client base and expertise is diverse, spanning upstream, midstream and downstream organizations and operations:

Upstream

  • exploration, development and production assets and activities
  • production platforms
  • mobile offshore drilling units
  • floating production storage off-loading units
  • offshore construction activities

Midstream

  • transportation by pipeline or vessel
  • gathering, separation and storage

Downstream

  • refineries
  • chemical and petrochemical plants
  • gas works
  • terminals and tank farms
  • underground storage
  • chemical fertiliser plants
  • equipment coverage
  • rig physical damage
  • business interruption
  • loss of production income
  • control of well costs
  • physical damage
  • contingency business interruption
  • extra expense costs
  • re-drilling, seepage and pollution
  • excess, general and umbrella liability
  • hull and machinery risks, including total loss cover
The products and services described on this page may not be available in all AGCS locations. Please contact your local office for full information on local product availability.
We provide global energy risk management and consulting services which help to reduce losses by identifying potential risks early and effectively.
Growing exposures and interdependencies mean that complex and costly business interruption losses now dominate many large onshore energy claims.

Annual survey identifying business risks

Technology is breeding new threats as well as business models. Traditional risks such as natural catastrophes continue to challenge while other threats such as cyber, neck-and-neck with business interruption at the top of the Allianz Risk Barometer 2019 for the first time, reputational risk, increasing exposure to intangible assets and volatility and consolidation in the corporate environment evolve daily.

Top 3 global risks in 2019 

  1. Business interruption (37%) - 2018 rank: 1 (42%)
  2. Cyber incidents (37%) - 2018 rank: 2 (40%)
  3. Natural catastrophes (28%) - 2018 rank: 3 (30%)
Allianz operates as an international insurer on almost every continent. Find Allianz in your own country/region.
With the Allianz network AGCS provides services in over 200 countries and territories.