Oil & Gas

Oil&Gas

In the Energy Business Area and through a highly specialized team that has broad experience in the sector, we attend to all of the insurance needs of companies whose main activity is in the Oil & Gas sector.

In MAPFRE Global Risks we are leaders in offering Oil and Gas global insurance solutions to the large companies in the sector which accounted for more than 40 % of our business in 2015. Both the Upstream and Downstream activities of the oil and gas industry are covered for the most complex risks: material damage, business interruption, exploration and production, transport and liability, professional and environmental liability, amongst others.

Our main challenge is to manage efficiently the corporate global risks of companies whose core activity is in the Oil and Gas sector. In MAPFRE Global Risks we look after the impact of the activities, collaborate for sustainable development, anticipating and controlling safety and environmental risk for those who are exposed to such activities.

We are committed through proactive initiatives and innovative solutions and our objective is to maximize the value of our clients´ projects. Our multinational team is made up of professionals with expertise in their economic sectors who work to ensure that all our Oil and Gas products and services are adapted to the real needs of our clients.

Our insurance experience enables us to handle risks in the following:

  • Oil & Gas Companies
  • Upstream:
    • Involves all the activities related to the exploration and production of an Oil Company
  • Downstream:
    • Refineries
    • Petrochemicals
    • Storage Plants 
    • Oil / Gas Pipelines
    • Liquifying Plants
    • Regasification Plants 

We are familiar with the complex global processes required by the Oil & Gas industry: exploration, drilling, refining and transportation. For this reason, our organizational structure and network operate with a sole Underwriting and Claims team.  We are fully specialized and use solid technical criteria to evaluate risks, catastrophe exposures and valuation of assets. We also take into account the legal framework in each country in order to offer the best global insurance solution at any one time.

Our business structure enables us to provide a rapid and flexible response to all of our clients´ needs and to maintain constant communication with them. We have connection with the main professional and technical resources in the Oil & Gas industry, and energy industry in general, so that we can offer comprehensive risk management solutions.

In MAPFRE Global Risks we concern ourselves with the daily advances within in the energy industry so that we can to bring to our clients the most innovative and demanding solutions for the management of the most complex risks. MAPFRE Global Risks is an active member of IMIA (international Association of Engineering Insurers), a worldwide network of engineering insurance experts that promotes the best practices in the field of Engineering Insurance.