The energy sector ranks 3rd after aviation and property by the value of insurance claims. Energy companies no longer have the capital available to cover their losses - they need insurance to reduce their exposure to risks. But they need to calculate how much cover they can afford to take out and how much risk exposure they are willing to accept. An insurance expert's biggest challenge is to determine the right limit and scope of cover at the right price. How best to balance the cost of premiums against the cost of potential losses today?