Insurance Trends for Gas Storage and Transmission Operations

Gas storage and transmission losses are in decline. Operators are choosing to buy excessive limits rather than expanding their lines of cover.

Gas transmission systems, both offshore and onshore, are strategically important assets that are integral to the reliability of power generation, industrial activity, and residential utility supply.

Despite the current industry growth, Marsh data reveals that the loss incident rate and insurance ratings are declining. In many instances, organizations are taking advantage of the low cost of insurance but are choosing to increase their limits beyond what they need rather than expand their lines of cover to include exposures like terrorism, cyber, and liability.