Energy Insurance Claims Management & Loss Adjustment Training Course

Course Overview

Learning Objectives

• Analyze the complete lifecycle of energy insurance claims from initial notification through final settlement.
• Apply structured methodologies for investigating physical damage and financial losses in energy facilities.
• Evaluate policy coverage, exclusions, deductibles, limits, warranties, conditions, and extensions when assessing claims.
• Assess causation and determine the relationship between physical damage and insured losses.
• Apply appropriate methods for measuring property damage, repair costs, replacement costs, and reinstatement expenses.
• Evaluate business interruption and consequential losses arising from energy-sector incidents.
• Analyze machinery breakdown claims involving critical mechanical, electrical, and process equipment.
• Assess construction, erection, commissioning, marine cargo, and transportation claims affecting energy projects.
• Evaluate claim documentation, evidence, technical reports, financial records, and supporting information required for loss adjustment.
• Develop effective strategies for claims negotiation, settlement, recovery, salvage, and subrogation.
• Coordinate effectively with insurers, brokers, loss adjusters, engineers, forensic accountants, legal advisers, contractors, and other stakeholders.
• Develop a comprehensive claims management and loss adjustment framework that supports timely, accurate, and well-governed claim resolution.

Who Should Attend

Learning Outcomes

• By the end of this course, participants will be able to:
• Explain the principles, stages, and governance requirements of energy insurance claims management.
• Establish appropriate procedures for first notification of loss and initial claims response.
• Analyze policy wording to determine relevant coverage, exclusions, deductibles, limits, conditions, and extensions.
• Investigate the circumstances and causes of energy-sector losses using structured claims investigation techniques.
• Distinguish between physical damage, business interruption, consequential loss, and other categories of insured loss.
• Evaluate repair, replacement, reinstatement, and restoration costs using appropriate documentation and technical evidence.
• Calculate and assess business interruption losses, including lost production, lost revenue, increased cost of working, and indemnity periods.
• Assess complex machinery breakdown claims involving critical energy equipment and systems.
• Review technical, financial, contractual, and operational evidence supporting major insurance claims.
• Identify gaps, inconsistencies, and weaknesses in claim documentation and supporting evidence.
• Support effective claims negotiation, settlement, salvage, recovery, and subrogation processes.
• Prepare structured claims reports and recommendations that support transparent and defensible loss adjustment decisions.

Course Outline