Downstream losses of $7bn+ wipe out global premium in 2022: WTW
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Downstream losses of $7bn+ wipe out global premium in 2022: WTW

Samuel Casey
04 April 2023
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
wtw_downstream_energy_logo_2022_refinery.png

Losses in the downstream energy space exceeded $7bn in 2022, more than double the total global premium income of $3.4bn in the class of business, according to WTW.

In its latest energy market review, WTW said market conditions had turned away from buyers in favour of insurers, given the loss activity, reinsurance conditions, a lack of meaningful new entrants, and increasing scrutiny from senior underwriting management.

WTW

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsEnergyWTW
sam casey 2024 ii red 2.png
Samuel Casey
Senior Reporter
Contact
Gift this article