IBS Petrochemical and Energy Group consists of risk management and insurance specialists focused on the downstream petrochemical sector in Indonesia. We also have staff with significant experience in upstream operational and construction programmes for offshore installations.
IBS Petrochemical and Energy Group develops cost-effective and customized insurance solutions placed with local and internationally rated insurance and reinsurance companies. Major loss potential in this sector is high demanding broad-based coverage and effective risk control and loss mitigation strategies for onshore industry exposures, such as impairment and interruption risk arising from damage key equipment, damage to jetties affecting raw materials handling and interruption to exports, or to raw material or suppliers, key off-takers or utilities. Offshore installations face the risk of blowout with resultant fire or pollution.