Casualty Risk Trends: Oil and petrochemical industry
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The recovery of the oil price and access to non-conventional resources are key drivers of the booming oil industry. Several factors, such as innovative technologies, aged infrastructure, international regulatory changes and scarcity of skilled labor (mainly in the US), are challenges that the industry is being faced with. These circumstances are having a significant impact on the industry’s casualty risk landscape.
What can insurers do to minimise the risks related to the oil and petrochemical industry? This Swiss Re Casualty Risk Trends report gives insurers an overview over the main questions related to this industry and explains what is important to bear in mind when insuring these risks.