Marsh Canada’s Energy Practice focuses on industry-specific needs allowing us to provide customized client solutions.

As an energy client of Marsh Canada, you are drawing from the full breadth of Marsh & McLennan Companies’ expertise and service solutions. Marsh has built its business model around practices dedicated to industry specialization.

Marsh Canada’s Energy Practice provides risk management solutions based on in-depth knowledge of the risk exposures facing corporations in Canada—and around the world.

Your key business issues may include:

• Business Continuity/Crisis Management
• Claims Management
• Environmental Liability
• Executive Risk
• Globalization
• Mergers and Acquisitions
• Pipeline Capacity and Availability
• Political Risk
• Price Volatility
• Property Loss of High Value Equipment
• Risk Control
• Service Industry Supply and Demand
• Security/Terrorism
• Trade Credit
• Weather Risk
• Workforce Planning
• Workforce Safety and Occupational Hazards

And a host of other emerging issues given the rapidly changing global business environment.

Here are a few examples of how your Marsh Canada advisor can keep your business ahead of the risk curve:

Globalization

As the operations of Canadian oil and gas companies become increasingly global, it is imperative that risk management programs are constantly reviewed and structured in accordance with the local regulations of each jurisdiction. With local representation in more than 100 countries, Marsh employs energy-focused risk experts who speak the local language and who are familiar with local laws and regulations relating to insurance. Furthermore, Marsh and its sister companies can provide clients with current, detailed political risk information about a potential region of expansion, and can perform background investigations on potential business relationships.

Political Risk Insurance

As an industry, oil and gas has historically been exposed to political pressures and instability–especially when projects have been located in emerging or unstable markets. Significant start-up costs, relative inability to withdraw quickly from a troubled situation, and political sensitivity of natural resources in many host countries make oil and gas operations vulnerable to two categories of risk: acts of a government and political violence. Marsh’s Political Risk Practice has extensive experience in structuring risk management solutions for oil and gas companies and their suppliers. We can provide comprehensive risk identification, program design, and placement tailored to the industry’s specific needs.

Risk Control

In recent years, oil and gas operations have advanced so rapidly that insurance, as one method of risk treatment, is struggling to keep pace with the staggering financial scale of the exposures. Understanding this exposure, Marsh works with oil, gas, petroleum, and pipeline clients to assist them with risk identification and loss prevention. Given that Marsh places a high volume of oil and gas premium, we have access to a large pool of loss data. This information is regularly studied to identify emerging trends, patterns, and root causes of loss. The key learning from this information is then transferred to our clients which may lead to more comprehensive loss control programs, lower premium, or increased limit options.