Insurer launches new product targeted at mid-sized energy companies

Insurer launches new product targeted at mid-sized energy companies

Insurer launches new product targeted at mid-sized energy companies Zurich Insurance announced yesterday that it is now offering a new approach to insuring qualified mid-sized energy companies. According to the insurer, the insurance solution was designed to “reduce administrative complexity, provide faster policy quotes and renewals, and give customers a one-stop shopping experience.”

The new approach, dubbed the Energy Multiline Solution, consolidates onshore property, casualty, umbrella and inland marine coverages. It is available for a wide range of qualified energy companies, such as onshore and offshore contractors; oil lease operators; electric, gas and cogeneration operators; coal and mineral mining operators; petrochemical manufacturers; power, gas and mixed utilities; bio fuel operations; oil, gas, mining and utility equipment manufacturers; and alternative energy.

Zurich’s new approach will be available to qualified mid-sized energy companies via Zurich Select Brokers in Texas. The insurer announced in a release that there are plans for national expansion for the solution.
“In addition to the feedback we got from our customers and brokers, we consulted with our own people in the field. After a thorough analysis, we developed Zurich Energy Multiline Solution to serve the needs of our mid-sized customers,” said Zurich North America head of Energy and Marine Jeanne Jankowski. “What we’re offering is a fresh approach to respond to what the marketplace really wants, while also maintaining disciplined underwriting and risk engineering.”

The company additionally announced that it is offering continuing education and energy training to brokers to help them better grasp general economic, regulatory and other trends that affect the energy industry.

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