Offshore Code of Practice (OCoP)

Transcription

1 Allianz Global Corporate & Specialty SE Offshore Code of Practice (OCoP) Harald Dimpflmaier, Engineering CEE AGCS Expert Days 2017 Munich, 3 November 2017

2 Content 1 Background and Initial Thoughts 2 Content of OCoP 3 Example Risk List 4 Current Development 5 Digitization 6 Your Opinion is Really Important (TED) 7 Q & A 2

3 AZT Expert Days, Munich 2009 do you remember? 3

4 AZT Expert Days, Munich

5 AZT Expert Days, Munich

6 We achieved it! 6

7 Why an OCoP - Initial Thoughts Offshore wind industry is a young but fast growing sector Trend towards larger and more complex multibillion dollar offshore wind farm projects EWTC identified substantial project pipeline as a challenge and business opportunity alike; launched OCoP initiative in 2010 Goal: Develop a best practice paper on state-of-the-art risk management practice for construction of offshore wind farms jointly with representatives from all stakeholders involved in the realization of such projects Ensure risk is transparent to all parties of a project Ensure all parties adhere to same risk philosophy at every stage of the process Mitigate risk exposure of all parties of a project Keep risks insurable in the long term (pro-active approach) 7

8 Background - Project Organisation Sponsor European Wind Turbine Committee (EWTC) and German Offshore Wind Energy Foundation Project Management (Core Team) Harald Dimpflmaier, Swiss Re (Coordination) Stefan Gumpp, Allianz Germany (WG 1: Substation, Cable Laying) Georg Englert, HDI-Gerling (WG 2: Wind Turbine, Tower, Foundation) Michael Klug, Munich Re (WG 3: Offshore Erection, Marine Warranty Surveyor) Project Members Support & Facilitation German Insurance Association (GDV) More than 90 representatives in 10 expert teams: Insurers, reinsurers, insurance brokers Manufacturers, operators, developers Investors, banks, consultants, certifiers, energy provides Shipping companies, technical surveyors, Marine Warranty Surveyors (MWS) 8

9 Background - Achievements English German Chinese Risk Registration Approach: Building a virtual offshore wind farm More than 500 risks identified & categorized All risks classified in very high/high/medium/low risks Described risk mitigation measures 66% very high and high risks down to 6% after mitigation measures 9

10 Content of OCoP General section General Introduction on Risk Management (holistic view) Marine Warranty Surveyor (MWS) tasks and responsibilities Representation of significant risks and relevant list of process steps Risk register Risk List (500 risks listed) Cabling Substation Wind Turbine, Tower, Foundation 10

11 Content of OCoP 11

12 Content of OCoP 12

13 Example Risk List Legend: c) Execution planning of inland transport from the factory to the offshore transport d) Execution of the storage at the offshore port and the onshore assambly there 13

14 Current development GDV already worked on a web version together with OCoP core team Due to a huge reorganisation GDV has stopped activities Plan to shift the topic to IMIA (no decision taken so far) Presentation at IMIA conference Sept 2017 in Munich Presentation at EWTC Meeting Oct 2017 in London General demand noted? 14

15 Digitization Wiki-version of OCoP planned OCoPedia Improve user-friendliness and optimize structure Future updates can be carried out more easily Regular updates can be worked out by a core team (insurers and reinsurers) and reviewed by dedicated members of the offshore industry Increase of transparency for the benefit of all parties 15

16 Offshore Code of Practice (OCoP) 16

17 Offshore Code of Practice (OCoP) 17

18 About Allianz Global Corporate & Specialty Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs). Worldwide, AGCS operates in 32 countries with own units and in over 210 countries and territories through the Allianz Group network and partners. In 2016, it employed around 5,000 people and provided insurance solutions to more than three quarters of the 'Fortune Global 500' companies, writing a total of 7.6 billion gross premium worldwide. AGCS SE is rated AA by Standard & Poor s and A+ by A.M. Best. For more information please visit or follow us on LinkedIn and Google+. 18

19 AGCS Expert Days 2017 TED Q & A Offshore Code of Practice Harald Dimpflmaier Munich 2 nd and 3 rd November 2017

20 Offshore Code of Practice (OCoP); Harald Dimpflmaier Do you think that an update of the OCoP is required? 1. Yes 2. No 3. Not relevant 10 Allianz SE

21 Do you think that an update of the OCoP is required? 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 68% 22% 10% Yes No Not relevant Allianz SE

22 Offshore Code of Practice (OCoP); Harald Dimpflmaier Would you be prepared to actively support an update of the OCoP? 1. Yes 2. No 3. Not relevant For example: review documents prepared by insurers in advance 10 Allianz SE

23 Would you be prepared to actively support an update of the OCoP? 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 53% 28% 19% Yes No Not relevant Allianz SE

24 Offshore Code of Practice (OCoP); Harald Dimpflmaier Would you be prepared to participate in a permanent working group? 1. Yes 2. No 3. Not relevant For example: half-yearly conference calls or meetings 10 Allianz SE

25 Would you be prepared to participate in a permanent working group? 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 36% 37% 28% Yes No Not relevant Allianz SE

26 Offshore Code of Practice (OCoP); Harald Dimpflmaier Would a web-version of the OCoP be useful? 1. Yes 2. No 3. Not relevant 10 Allianz SE

27 Would a web-version of the OCoP be useful? 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 82% 8% 9% Yes No Not relevant Allianz SE