ENERGY & POWER
We recognize the strategic importance of oil and gas to Nigeria’s economy and it remains the backbone of Nigeria energy and power industry. Operating in Nigerian energy sector is uniquely challenging and as non-admitted insurance market operators must comply with the Nigerian Local Content Laws.
IBN has been relentless in our pursuit in harnessing and developing indigenous insurance market capacity, human capital skills for the complex risks of exploration, production operation of oil and gas activities of large, independent, mid-stream, downstream and contracting companies.
Why Our Clients Value IBN?
How We Work
We set for each client specific project, a multi-disciplinary team of energy industry experienced experts in risk financing/insurance, legal and loss control engineering. This team is led by a senior account advisor who works closely with our clients to gain proper understanding of their operations, evaluate the associated risks then tailor insurance programs with appropriate marketing strategies for placement within the primary and whole insurance markets. Our program designed is unique to each of our client. The special programs we arrange for our clients include:
Our loss control engineering subsidiary, Industrial Risks Protection Consultants (IRPC), undertakes risk assessment surveys of greenfield projects or existing operations and:
As part of our added value services IRPC conducts post-loss investigations to help our clients prepare their claims and develop future mitigation processes.
We put our clients first, we strive to maintain the highest service levels for our clients maximise our leverage in the insurance market place to achieve the most cost effective insurance programs and recover their claims efficiently and promptly. As an independent firm, we create competition working with other international wholesale insurance brokers to bring the best value to our clients.