Energy
IBS Petrochemical and Energy Group was the first and remains the only team of risk management and insurance specialists focused on the downstream petrochemical sector in Indonesia, and we also have staff with significant experience in upstream operational and construction programmes for offshore installations , as traditional monopolies begin to loosen their grip on this area of the energy insurance market in Indonesia.

IBS Petrochemical and Energy Group develops cost-effective and customized insurance solutions placed with internationally rated insurance and reinsurance security. Major loss potential in this sector is high, demanding broad-based coverage and effective risk control and loss mitigation strategies against generic onshore industry exposures, such as catalyst impairment and interruption risk arising from key equipment, damage to jetties affecting raw materials handling and interruption to exports, or to raw material or catalyst suppliers, key off-takers or utilities. Offshore installations face the risk of blowout with resultant fire or pollution.