Oil Insurance Limited Launches On-Line OTA (Oil Technical Accreditation)

Hamilton, Bermuda (ots/PRNewswire) -

Oil Insurance Limited (OIL) announces the launch of the OTA (Oil
Technical Accreditation), OIL's innovative on-line technical
accreditation course 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, over 250 members and brokers have
registered. Earning an OIL Technical Accreditation (OTA) 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.

COO George Hutchings commented, "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".

OIL CEO Robert Stauffer stated, "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 http://www.oil.bm/ota.
Other parties interested in taking the OTA should specifically
request access from Karen Skinner via email at karen.skinner@oil.bm .

Oil Insurance Limited (OIL) insures over two trillion dollars of
global energy assets for more than fifty members with property limits
up to $300 million totaling more than eleven billion dollars in total
A- rated property capacity. Members are medium to large sized public
and private energy companies with at least $1 billion in physical
property assets and an investment grade rating or equivalent.
Products offered include Property (Physical Damage), Windstorm, Non
Gradual Pollution, Control of Well, Terrorism, Construction and
Cargo. The industry sectors that OIL protects include Offshore and
Onshore Exploration & Production, Refining and Marketing,
Petrochemicals, Mining, Pipelines, Electric Utilities and other
related energy business sectors.

ots Originaltext: OIL Insurance Limited (OIL)
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Further inquiries regarding this press release should be directed
to Barry Brewer, VP Marketing barry.brewer@oil.bm +1-(441)-278-1132.