More than 250 sign-up for OIL accreditation

OIL Insurance Limited has launched an Oil Technical Accreditation programme.

This on-line technical accreditation course is 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, more than 250 members and brokers have registered.

Value

A spokesperson for OIL said earning an OIL Technical Accreditation 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 complete.

George Hutchings, OIL COO, said in a press release: “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”.

Robert Stauffer, OIL CEO, added: “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 experience”.

Access to the OTA is only offered to current OIL members and global energy brokers by applying on-line at www.oil.bm/ota. Other parties interested in taking the OTA should specifically request access from Karen Skinner via email at [email protected].