Risk management, insurance, and marine warranty surveying are interconnected fields crucial for mitigating potential losses in various industries, particularly maritime and energy. Keywords encompass a broad spectrum, starting with fundamental concepts like risk identification, risk assessment, risk mitigation, risk transfer, and risk acceptance. Insurance-related terms include policy, premium, deductible, coverage, claim, underwriter, broker, reinsurance, liability, indemnity, subrogation, and insurable interest. Marine warranty surveying focuses on specific aspects like vessel, cargo, voyage, port, offshore, subsea, renewable energy, wind farm, construction, installation, operation, maintenance, survey, inspection, certification, compliance, due diligence, loss prevention, damage survey, salvage, wreck removal, and general average. Specific risks covered include hull and machinery, cargo damage, pollution liability, war risks, piracy, cyber risk, political risk, force majeure, and business interruption. Keywords related to the surveying process involve marine surveyor, naval architect, master mariner, cargo surveyor, consultant, report, documentation, verification, quality control, safety, environmental regulations, IMO, ISM Code, ISPS Code, and other relevant industry standards. Furthermore, the energy sector introduces terms like offshore platform, pipeline, subsea cable, drilling rig, FPSO, wind turbine, solar panel, renewable energy certificate, power purchase agreement, and grid connection. Financial aspects are also important, including cost-benefit analysis, financial risk, capital expenditure, operating expenditure, and return on investment. Legal considerations involve contracts, liabilities, regulations, compliance, dispute resolution, arbitration, and maritime law. Emerging technologies add keywords like remote sensing, drones, AI, machine learning, data analytics, digital twin, and predictive maintenance. Finally, specific project phases are relevant, such as feasibility study, engineering, procurement, construction, commissioning, and decommissioning. This extensive vocabulary highlights the complexity of risk management, insurance, and marine warranty surveying, emphasizing the need for specialized knowledge and expertise to effectively manage risks and protect assets. Additional keywords could include: marine insurance, cargo insurance, P&I insurance, hull insurance, offshore energy insurance, renewable energy insurance, wind farm insurance, construction all risks insurance, marine warranty, warranty survey, condition survey, on-hire survey, off-hire survey, damage survey, pre-risk survey, post-loss survey, claims handling, loss adjuster, risk engineer, safety management system, environmental impact assessment, stakeholder engagement, project management, supply chain risk, logistics risk, operational risk, financial risk, legal risk, reputational risk, strategic risk, hazard identification, consequence assessment, probability assessment, risk matrix, risk register, control measures, contingency planning, business continuity, disaster recovery, crisis management, emergency response, training, competence, best practices, industry standards, international regulations, classification societies, flag state, port state control

OSW Risk Management, Insurance & Marine Warranty Surveying

Price

$950

Duration

1-Day

Dates

Spring Session: May 15, 2025
Fall Session: On demand - Enroll now

Format

Virtual (Live)

Course Status

Open

Enroll

< Back

OSW Risk Management, Insurance & Marine Warranty Surveying

This comprehensive one-day course delves into the essential aspects of risk management, insurances, and marine warranty surveying within the offshore wind energy sector. Participants will gain in-depth insights into the history and functioning of the insurance industry, the acquisition process for insurances, and the fundamentals of risk management. The course will provide a nuanced understanding of risks and perils specific to offshore wind projects, both from the perspective of project owners and supply chain companies.

In the marine warranty surveying section, participants will explore loss prevention strategies and the areas of assurance review. The course culminates with an examination of the claims management process and real-world case studies to illustrate the practical application of the knowledge gained.

This course will take place from 9am to 5:30pm EST.

Course Learning Objectives:

Comprehend the fundamental concepts of risk identification, assessment, and mitigation specific to the offshore wind industry
Gain insights into various insurance products relevant to offshore wind projects, including coverage types, policy structures, and claims processes
Understand the responsibilities of Marine Warranty Surveying in overseeing marine operations, ensuring compliance with safety standards, and mitigating risks during transportation and installation phases
Study the contractual frameworks and legal obligations associated with risk management and insurance in offshore wind projects, including liability issues and dispute resolution
Learn about the development and implementation of emergency response plans, safety procedures, and incident management strategies to protect assets and personnel
Apply risk management strategies throughout the project lifecycle, from design and construction to operation and decommissioning, to optimize performance and ensure project success

What Attendees Think:

“It gave me a general overview and open perspective regarding OSW risk management and insurance. It would be interesting to expand on this course since the industry is facing financial risk from various supply chain issues. The industry needs these learning programs to better understand how powerful and useful these tools are in making project execution smoother.”

- Miguel L. CEO, Chekea-STO

Who Should Attend:

This course is tailored for a diverse group of professionals involved in or impacted by the offshore wind industry, including:

- Project Developers and Owners

- Supply Chain Companies

- Insurance Professionals

- Risk Managers

- Marine Warranty Surveyors

- Offshore Wind Project Managers

- Energy Analysts

- Financial Analysts

- Regulatory and Compliance Experts

- Legal Professionals in Renewable Energy

- Individuals interested in deepening their understanding of risk management and insurance in offshore wind

This course caters to a broad spectrum of professionals seeking to navigate the intricate landscape of risk management, insurance, and marine warranty surveying in the offshore wind energy sector.

Course Outline:

Module 1: Introduction to Risk Management

1.1. Understanding the History of Insurance

1.2. Exploring the Insurance Marketplace

1.3. Navigating the Insurance Acquisition Process

1.4. Fundamentals of Risk Management

1.5. Diving into Risks and Perils

1.6. Examining Different Types of Risk Management

Module 2: Offshore Wind Risk Management

2.1. Risk Management for Project Owners

2.1.1. Defining a Risk Profile

2.1.2. Asset Insurance

2.1.3. Liability Insurance

2.1.4. Revenue Insurance

2.2. Risk Management for Supply Chain Companies

2.2.1. Establishing a Risk Profile

2.2.2. Asset Insurance

2.2.3. Liability Insurance

Module 3: Marine Warranty Surveying

3.1. Overview of Loss Prevention

3.2. Areas of Assurance Review

3.2.1. General Considerations

3.2.2. Vessel Assessments

3.2.3. Module Evaluations

3.2.4. Piling Inspections

3.2.5. Installation Safety

3.2.6. Assessment of Pipelines & Cables

3.2.7. Ensuring Inshore Completion

Module 4: Claims Management Process

Module 5: Case Study

Course Completion Certificate: Upon completing at least 50% of the course and achieving a minimum passing score of 50% on a post-course assessment, participants will receive a course certificate valid for three years. This certificate verifies that the essential learning outcomes of the course have been met. While not mandatory, this certification is currently undergoing an accreditation process to further enhance its value, allowing it to be used for job applications, promotions, and professional license renewals, such as the PE (Professional Engineer) license.

Course Instructors:

Benjamin A. Brown

Client Advisor, Marsh

Mr. Brown brings more than 12 years of technology and project development experience to INpower from the offshore wind, marine hydro kinetic, aquaculture, and renewable biofuel industries. Prior to joining INpower, Mr. Brown worked on behalf of the Business Network for Offshore Wind where consulted with companies on technology commercialization, supply chain entry, and project development needs; while also consulting with federal agencies and state governments on the impacts of policy and regulation. Before entering the insurance field, Mr. Brown operated as project development professional who helped start-ups, non-profits, and growing companies in the development of over $100 million in projects.

Sean Murphy

Renewables Manager, ABL Group

Sean is a Chartered Engineer and, as Renewables Manager, he leads ABL’s renewable energy projects and market growth within the US. He is experienced in renewables marine warranty surveying (MWS) and has also supported clients from a loss management perspective in investigating numerous incidents involving damage to energy infrastructure equipment. He has provided risk assessments and marine warranty surveys for complex load outs, cable transport and installation, heavy lift project cargoes, and tows. He has carried out analyses for various early-stage fixed and floating offshore wind projects, including T&I strategies, logistics studies, CAPEX estimations, O&M strategy development and OPEX modelling, and associated project management. Working in engineering and marine / offshore surveying for over 10 years, Sean is also experienced in carrying out and coordinating surveys on behalf of various insurance interests (including H&M, cargo, and P&I), acting on behalf of owners in mitigating and investigating losses, providing naval architecture and marine engineering analyses, reporting and testifying in numerous expert witness cases, and conducting research into loss prevention and claims mitigation initiatives.

The course outline is subject to change and a detailed agenda will be shared after enrollment.