Market Update - Oil & Gas: Reducing under-insurance through valuation

Source: Middle East Insurance Review | Jan 2013

The lack of insurance valuation knowledge and the concept of insuring assets at book value are the main reasons for ME oil & gas operators to insure their assets well below the current replacement value. Mr Steve Tanner of John Foord explores the possible solutions with a stress on accurate and regular valuations as vital tools in risk management.

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