Oil Insurance Limited (OIL) Unveils Redesigned and Enhanced Website

AsiaNet 50596

HAMILTON, Bermuda, Sept. 11, 2012 /PRN=KYODO JBN/ --

    Oil Insurance Limited (OIL) announced today the unveiling of its

re-designed website providing easier access and navigation to information about

OIL for members and brokers on a 24 x 7 basis. The site is intended to overview

OIL's offered products, the 8 energy industry segments that OIL serves and

information to enable a full understanding of OIL's value to the global energy

industry. Featured within the new website are secure MEMBER and BROKER areas

that require registration for password access. The secure member area provides:

a single location to view upcoming OIL related events, receive company

communications, make claim notifications, view claim contacts and procedures,

and access OIL specific member information. The new broker's area offers links

to: recent broker communications and updates, OIL presentations, quick premium

indications, and access to OIL specific information. In addition, members and

brokers will have access to an OIL 'Toolbox' area.

    Robert Stauffer, OIL Chief Executive Officer stated: "The OIL rating and

premium system is unique and considerably different to the commercial market

with distinct benefits and value. The 'language' of OIL is also different and

it needs to be learned and understood. The new website is intended to help

members and brokers fully understand and value the OIL system by enabling them

to speak the language of OIL".

    George Hutchings, OIL Chief Operating Officer stated: "The enhancements to

the new website are responding directly to member and broker feedback and

offers a better platform for the distribution of OIL specific information. It

will also provide a home for OIL's soon to be released 'OIL Technical

Accreditation (OTA)', an 'innovative online training module that will be

released this Fall".

    Oil Insurance Limited (OIL) insures approximately two trillion dollars of

global energy property assets for more than fifty members with limits up to

$300 million. In the aggregate OIL currently provides the energy industry with

more than eleven billion dollars of property coverage. Products offered include

Property (Physical Damage), Windstorm, Non Gradual Pollution, Control of Well,

Terrorism, Construction and Cargo. The industry sectors that OIL insures

include Offshore and Onshore Exploration & Production, Refining and Marketing,

Petrochemicals, Mining, Pipelines, Electric Utilities and other energy related

business sectors.

    SOURCE: Oil Insurance Limited (OIL)