SEWA delegation visits insurance solutions provider Marsh McLennan in London
London: Recently, a team from the Sharjah Electricity, Water and Gas Authority (SEWA) went to London’s Marsh McLennan, the biggest risk and insurance solutions provider in the world, to provide top insurance experts with an update on the authority’s work and future goals.
Among the delegation were Hadef Sultan Mohammed Al Saleh Al Tunaiji, director of the procurement and contracts department; Majid Hussein Al Mutawa, director of the legal affairs and human resources department; and Hassan Ahmed Hassan Abdullah Al Zarouni, director of the electricity distribution department.
During the tour, the group spoke with Marsh McLennan’s International Energy and Utilities Insurance Team about the most significant news and events concerning the global insurance market, the company’s operations, and the range of services it offers.
As SEWA continues to expand its production capacity to meet the increasing demand for energy in the emirate of Sharjah, the delegation also discussed ways to work together to provide the best insurance services for essential facilities. This calls for enhancing relationships with insurance companies and talking about solutions created especially for this sector.
Reviewing SEWA’s role and initiatives was made possible by the visit, which also highlighted the emirate of Sharjah’s dedication to fostering long-term relationships and its position as a regional leader in the energy and gas distribution industry.
Relationships with many significant insurance firms, including STARR, Allianz, Score, and QBE, were improved during the visit. To look into more options, the group also went to Lloyd’s of London, the biggest insurance market in the world.
The group spoke about implementing new insurance solutions that align with energy businesses’ best practices during the visit. One of these options is the suggestion of an owner-controlled construction insurance policy, which would enable SEWA to cover all contract work all year long and provide advantages including cost control, coverage uniformity, insurance committee monitoring, and claim management.
Another crucial subject that was covered was the need for a cyber risk assessment and insurance program. Establishing a strong cyber insurance framework is crucial for SEWA to safeguard its assets against future assaults, especially in the Middle East, where cyber dangers are on the rise internationally. In the next few years, the authority’s proactive approach to risk management and insurance will be crucial to fostering its expansion and creativity.
To ensure that SEWA stays at the forefront of the energy and utilities sector, SEWGA will collaborate with Al Buhaira National Insurance, the largest insurance company in the emirate of Sharjah, and Marsh McLennan, the largest risk and insurance solutions provider in the world, to continuously build and develop the Authority’s risk and insurance framework in accordance with international standards.
