From oil and petrochemicals to power generation and utilities, our depth and scope of expertise enable us to effectively address the insurance and risk management needs of these highly complex and specialised industries.

The risks associated with mining, energy and utilities are complex and diverse, and are often high hazard and high risk. We have served the energy industry for many years and understand the specialised legislation, unique duties of care, and sometimes complex systems of management and governance that businesses in the industry face.

We combine our in-depth industry expertise with our outstanding global capabilities to deliver highly flexible risk management solutions tailored to meet your company’s needs.

Products and Services for the Power & Energy Industry

All Risks and Business Interruption

This product covers accidental physical loss, destruction or damage to property insured, other than by an excluded cause, and subsequent income loss resulting from such interruption or interference. Applicable to Chemical, Oil and Petrochemical, Utilities, and Mining industries.

Contractors' All Risks/Erection All Risks

Provides an all risks cover during the construction period for contract works against loss or damage to property, third party liability for accidental bodily injury or property damage in connection with the performance of the contract, and delay in start up.

Management Liability

Provides the most innovative and extensive insurance for your directors and officers.

Oil and Gas Service Contractors in the ASEAN Region

Oil and Gas Service Contractors in the ASEAN Region (OSCAR) fulfills the insurance contractual requirements of general oil and gas contractors. It provides a comprehensive Work Injury Compensation Act (WICA) and General Liability (GL) for oil and gas contractors working onshore and/or offshore.

Product Liability

A manufacturer may be held liable for bodily injury or damage to property of others caused by defective products.

Property Terrorism

Direct and physical loss or damage to property covered caused by Act of Terrorism as defined in the policy.

Special Risks

Gives financial support and consultant services to help business owners and families through this crisis.

Work Injury Compensation Act

An employer may be legally liable to provide compensation to his workers and their dependents for personal injury/death by accident arising out of and during the course of employment. The Work Injury Compensation Act (WICA) covers the employer for such liabilities.

Commercial Crime

Protection against fraud, dishonesty, third party computer and funds transfer fraud.

Cyber Insurance

Addresses the liability of companies arising from data protection laws, the management of personal data and the consequences of losing corporate information.

Offshore Property

Offshore and upstream energy property insurance and related coverages that provide protection to oil and gas companies in the event of damage to an offshore oil rig or drilling facility.

Political Risk

Political risk insurance can provide the protection investors, financial institutions and corporate clients need to safeguard their investments in overseas markets against unpredictable losses due to specified political risk perils.

Professional Indemnity

Provides financial protection for professionals who sustain financial losses arising from negligence on their part or their employees’ part whilst providing professional services.

Public Liability

Public Liability provides indemnity to an Insured for his legal liabilities as well as legal liabilities of his representatives and employees arising in connection with the Insured’s business, carried out at and from the specific place of business.


AIG generally issues surety bonds on behalf of contractors engaged in main construction of buildings, ships, shipyards and oil rigs amongst others. AIG offers the three primary types of Surety bonds including Bid Bonds, Performance Bonds and Payment/Advance Bonds.