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Oil and gas

WTW provides insurance and risk management solutions for upstream, midstream, downstream and oilfield services.

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Our global team provides tailored risk management and insurance solutions to upstream, midstream, downstream oil and gas producers, and oilfield services companies. We have the experience and technical resources necessary to develop and implement comprehensive insurance and risk management strategies that provide the protection required in today’s complex and highly regulated business environment. Our expertise and data-driven insights help you take a proactive approach to risk, enabling you to reduce your total cost of risk and better manage your exposures.

About the WTW natural resources industry vertical in North America

If you’re wondering what industry excellence means for our natural resources, chemical and environmental services clients, watch this animation to find out more.


Upstream

Upstream oil and gas companies are expanding into new and technically challenging locations. Operations are becoming increasingly more complex, regulatory scrutiny continues and the insurance marketplace remains difficult.

The future remains uncertain and robust risk management strategies are critical. By working with a global team, firms can engage with regional hubs to access tailored support across diverse geographies.

With our industry focus, we can help you develop and implement risk management and insurance strategies that provide protection and support as throughout the oil exploration and production lifecycle. We work with a variety of clients ranging from large, integrated upstream firms with international operations to newly formed, equity-backed ventures.


Midstream

Continued pressure on upstream counterparts is creating new challenges for midstream companies. Operating in increasingly challenging business and political environments, midstream companies are forced to respond to environmental regulations, the impact of natural disasters and the continued pressure to expand business in a competitive global climate.

Wide distribution of assets and proximity to third-party property contribute to midstream companies’ unique risk profile, which create their own challenges in the insurance market. Engaging with advisors who harness data-driven insights and establish a complete understanding of your company’s risk profile is critical to manage today’s challenges.

By working with our global team, you will have access worldwide resources, solutions and expertise necessary to optimize risk transfer and enable your company’s growth strategy.


Downstream

The downstream oil and gas sector is under pressure. The increasing global demand for refined products as well as growing regulatory and sustainability constraints and the capital-intensive operations requiring growing investment for plants and refineries, combine to create unique risk scenarios for downstream oil and gas companies.

Downstream firms’ exposures test the insurance market risk capacity. Combined with a tightening global energy insurance market, an effective insurance program must meet several financial, legal and operational requirements.


Oilfield service

The oil and gas industry face a broad range of risks inherent to the services they provide, including casing installation, cementing, hydraulic fracturing, rig up/down, perforating, tank construction or installation, welding, cutting and others. We have the industry expertise and products that can help service contractors protect employees, equipment and other physical assets.


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