Energy Market Review 2018 - Between a rock and a hard place?

April 5, 2018
Welcome to our Energy Market Review for 2018. 2017 has been an interesting year for both the energy and the (re)insurance industries, with the good news of the oil price recovery and increased activity in the energy industry being offset by the devastation and personal tragedies brought about by hurricanes Harvey, Irma and Maria as well as the attritional losses in the Downstream sector.

As insurers navigate the current market uncertainty, they are overwhelming faced with the choice of continuing to invest heavily in this sector without the guarantee of significant returns or scale back and wait for more advantageous market conditions. Both courses are discussed in-depth in this year's Market Review.

We are grateful to all the contributors to this Review, who as usual include both Willis Towers Watson specialists from around the world, as well as the respected energy industry journalist Selwyn Parker and the Lloyd's PMD Jon Hancock.. We hope that you enjoy reading it.

This issue includes:

Part one: special features

  • The clouded crystal ball – what next for the global energy industry?
  • Enterprise Risk Management – bringing it to life
  • Investing in African energy – managing the challenges
  • Offshore safety – how to ensure critical element dependability?
  • Lloyd’s is innovating and thriving – and committed to the Energy portfolio - an interview with Lloyd’s PMD Jon Hancock

Part two: the energy insurance markets in 2018

  • Upstream
  • Downstream
  • Liabilities
  • OIL
  • Onshore Construction
  • Terrorism/Political Violence
Click on the image to read this year’s edition.