The Cefor Offshore Energy Forum presents a webinar on the possibilities and challenges in a maturing market. The speakers are Bin Wang of the Norwegian Hull Club, and Gry Bratvold and Preben Berge Helverschou of KVALE Advokatfirma DA.
The webinar will be held in English, and is free of charge. Please feel free to forward this invitation to your colleagues and/or any relevant customers, that might be interested in the topic. The webinar will count towards the requirements under the Insurance Distribution Directive (IDD) and will comprise of 1.5 teaching hours of continuing professional development (CPD) training in the field of marine, energy and insurance law.
About the webinar:
The offshore wind market is expected to expand considerably in the coming years, and we will e.g. see the start of commercialization of floating offshore wind. This creates new possibilities for energy companies, suppliers, shipowners and insurers alike. To date, distinct features of the offshore wind market are tight margins and the influence of onshore contractual traditions in an offshore environment, resulting in a risk profile which is different than in the oil & gas market. The question is therefore how the insurance market should approach and adapt to this maturing market in the coming years.
In this webinar, the offshore wind market will be examined from an insurance perspective, and some of the issues regularly seen in offshore wind contracts will be addressed. There are a number of pitfalls, which can have a significant impact for the risk profile undertaken by insurers underwriting policies. The aim is to highlight some of the key issues and provide some thoughts on how the insurance market can address these issues going forward.