HAMILTON, Bermuda, March 13, 2013 /CNW/ - Oil Insurance Limited (OIL)
announces the launch of the OTA (Oil Technical Accreditation), OIL's
innovative on-line technical accreditation course for members and
global energy brokers.
The OTA is OIL's first ever energy insurance web-based interactive
training and accreditation tool for energy company risk managers and
their brokers. OIL members and their global energy brokers will gain
both a basic working knowledge of what OIL is as well as a technical
understanding of how the OIL system works. In the first few weeks since
the launch of the OTA, over 250 members and brokers have registered.
Earning an OIL Technical Accreditation (OTA) will enable a new level of
understanding of OIL's Rating and Premium Plan and the related value to
members and prospective members. The course takes four to six hours to
COO George Hutchings commented, "The OTA will enable energy brokers
around the world to "speak" the language of OIL. OIL members will also
benefit as their risk management teams will now develop a more
comprehensive understanding of the benefits and options available by
leveraging OIL's cornerstone capacity. Today's energy clients expect
their brokers to have the ability to discuss mutual insurance options
as well as those provided by commercial markets. By acquiring an OIL
Technical Accreditation, brokers will be in a position to deliver
needed commercial market / mutual insurance value comparisons and a
broader view of available risk management options".
OIL CEO Robert Stauffer stated, "In my previous role as Risk Manager for
a large US energy group, I observed first-hand how few energy brokers
actually understood the OIL program and more importantly, the true
value it provided to its members in the energy industry. Today, we have
the ability to leverage new learning tools to help brokers grow their
knowledge and speak the "language" of OIL. The OIL Technical
Accreditation (OTA) training course leverages the latest e-learning
tools, enabling brokers to expand their energy client knowledge and
value through an engaging and challenging four module multi-media web
Access to the OTA is only offered to current OIL members and global
energy brokers by applying on-line at http://www.oil.bm/ota. Other parties interested in taking the OTA should specifically request
access from Karen Skinner via email at email@example.com .
Oil Insurance Limited (OIL) insures over two trillion dollars of global
energy assets for more than fifty members with property limits up to
$300 million totaling more than eleven billion dollars in total A-
rated property capacity. Members are medium to large sized public and
private energy companies with at least $1 billion in physical property
assets and an investment grade rating or equivalent. Products offered
include Property (Physical Damage), Windstorm, Non Gradual Pollution,
Control of Well, Terrorism, Construction and Cargo. The industry
sectors that OIL protects include Offshore and Onshore Exploration &
Production, Refining and Marketing, Petrochemicals, Mining, Pipelines,
Electric Utilities and other related energy business sectors.
SOURCE: OIL Insurance Limited (OIL)
For further information:
Further inquiries regarding this press release should be directed to Barry Brewer, VP Marketing firstname.lastname@example.org +1-(441)-278-1132.