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1. Managing organizational complexity. Organizational structures and hierarchies
in energy firms can be very complex. RiskConsole tracks the dynamic nature of
location structures; joint venture participation; permits; and other categories.
2. Tracking of critical assets. Energy companies tend to be asset heavy.
RiskConsole helps get answers to key questions about their assets, including:
a. Where are the assets?
b. What are the assets (wells, compressors, fleet, refineries, etc.)?
c. What are the assets' exposures to risk?
d. How are assets insured?
e. What is the cost of insuring assets?
f. Which claims are assigned to which asset?
3. Unique nature of claims. Energy companies typically have low claim volume but
high severity and thus need to A.) link claims to their respective policies, and B.)
track claim payments and their erosion on policy limits.
Energy Companies
HOW RISKCONSOLE CAN HELP
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