SIS Risk Management Mission Statement
To be the knowledge based partner of choice for the energy insurance community by providing first class quality risk information, engineering resources and risk support. In the process, working closely with each insured, their leading underwriters and broking team, we will elevate the professional standards of the energy insurance industry. Through our focus and drive we will improve risk analysis, facilitate risk differentiation and advance best practices in risk management. Our work and advice will help professional organizations make informed decisions, and will assist with delivering well-designed, quality insurance solutions that add significant value to all parties.
SIS have long-term contracts in place with all its network providers. These agreements form the bedrock of durable insurance alliances. Our best-in-class experts have broad capabilities that can help all parties in the energy insurance industry. Here are some highlights:
- Lloyd’s Register have inspected 80% of the World’s offshore rigs
- LR Senergy have managed the drilling of over 120 wells (offshore and onshore) and provided engineering support to 100s more around the world
- Stellar Well Control have controlled 2 significant well blowouts for a super major oil company in one month alone in 2016
- Lloyd’s Register is the leading supplier of independent risk management services to the drilling industry
- Together we have performed 25 Asset Integrity Reports since product development in 2016
- Together we have performed Rig Stacking Verification Reports for insurers on dozens of rigs in North America
- Together we are building training, audit and safety capabilities that are highly aligned with insurance policies
- Together we have helped create mechanisms that have directly led to millions of dollars of insurance premium savings while improving risk awareness and raising standards
SIS Risk Management in association with Lloyd's Register, LR Senergy, Stellar Well Control and our other network partners are bringing dynamic, actionable solutions to the insurance market.