Open Programmes Petroleum, Oil, Gas and Energy
COMPETENCE FOR ENERGY, OIL AND AIRCRAFT RISK INSURANCE

This course focuses on competence for energy, oil and Aircraft risk insurance. Competition has created strong incentives to improve operational efficiency and the need for effective risk insurance. Measuring Value at Risk and Expected Tail Risk is an essential part of this field. Participant of this course will understand the dynamics and determinants of volatility, correlation and risk in energy, oil and aircraft risk insurance.

Programme Objective

Participants will be able to:

1. Introduction to the principles, concepts and practice of risk insurance
2. Understanding of the multi-disciplinary nature of risk within any type of organization
3. Understanding of current energy, oil and aircraft risk insurance standards and regulations across of the world
4. Monitor trends and identify risks
5. Understand the extreme value theory as it relates risk insurance

Programme Modules

1. Basic concept of insurance
2. Understanding Risk Insurance
3. Barrier risk in energy, oil and aircraft risk insurance
4. Principles of Risk Insurance
5. Types of Risk
6. Tools in Measuring Risk: Volatility and Correlation, Value at Risk (VaR),Expected Tail Loss (ETL)
7. Modeling volatility and correlation in energy markets
8. Extreme Value Theory (EVT)
9. Risk assessment methods
10. Introduction to safety performance indicators

Programme Outcomes

At the end of the programme participants will be able to:

1. Understand the role of insurance in managing risk
2. Develop competency to identify risk in energy, oil and aircraft industry
3. Monitor and evaluate risk in energy, oil and aircraft industry
4. Develop an understanding of the barriers in risk insurance
5. Understand and apply the tools in measuring risk

Target Participants

Analysts, Traders, Portfolio managers, Production planners and Risk managers. This course is suitable for anyone who requires a generic overview of risk monitoring, safety performance and risk classification and insurance in the energy, oil and aircraft context.