Lockton Global Energy Insurance provides professional, cost-effective risk transfer and insurance solutions for our clients in the energy industry - Lockton Singapore
Independent expertise, designed to meet your unique needs (Singapore)
Lockton Singapore Specialties provides professional, cost-effective risk transfer solutions for our clients in the energy industry. Leveraging our global presence, industry know-how and strong local and international insurer relationships, we’re uniquely placed to meet your needs. Our specialists partner with clients in the upstream, midstream, downstream, utilities and renewables and power sector to provide a tailored service you can rely on.
Lockton’s independent advisors act solely in your interest, combining deep market knowledge and innovative thinking to meet the specific needs of your business. Our client and claims teams are fully integrated, so the team you meet at the beginning will be there to guide you throughout.
What we bring to your business
Accurate, targeted and cost-effective energy insurance for the risks you want (or are obliged) to transfer
- Balance sheet protection in the event of an unforeseen loss
- Compliance with local regulations and contractual requirements
Contract review service for input on agreed Liability and Indemnity regime, assisting or providing your risk management function
Independent benchmarking
Industry experts to scrutinise the standard conditions against the full suite of coverages, from the operational to the corporate, e.g. Directors and Officers, cyber, office contents, travel
Certificates of insurance for joint venture partners and regulators – prompt issuance as required
Analytics utilised to calculate your cost of risk and evaluate retention vs. transfer options
Due diligence for acquisitions and divestments
How we work with you
We build an open dialogue based on transparency and regular communication
We get to know everything about your business, including your risk appetite and contracting regime
Our service is adaptable, built around your needs and preferences
Leveraging our market reach, attention to detail and creative thinking, we’ll help you secure the optimal deal – in terms of both coverage and price
Our unique culture values mutual respect, empowering us to put you and your business first
— LOCKTON ENERGY
Energy Transition Insurance Practice
A dynamic global team ready to collaborate with you in navigating the energy landscape.
We engaged with Lockton and were able to achieve a significant saving on the expiring rating but with a substantially more robust insurance programme. Not only did Lockton differentiate themselves, but their service proposition was exactly what we needed.
