The Baldwin Group on Oil and Gas Startups

Summer Shedd-Campbell, a seasoned advisor from The Baldwin Group, joins Collin in "The Ugly Truth About Oil, Gas, and Insurance." Summer delves into how insurance intricacies shape the oil and gas industry, focusing on the challenges operators face in a high-risk landscape. Key insights include the power of data in securing better insurance terms, the role of AI in optimizing risk strategies, and the evolving dynamics of underwriting. Summer shares her journey from Medtech to insurance, driven by a personal connection to the energy sector, and offers a contrarian view on using data and tech to improve insurance outcomes. With her expertise in insuretech and a fresh take on managing industry risks, Summer explores global market challenges, carrier trends, and the promising future of insurance in energy.

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Click here to watch a video of this episode. 00:00 - Intro00:33 - Summer's Journey into Insurance05:43 - Impact of Bad Data on Underwriting14:00 - Proper Coverage for Operations16:34 - Technology's Role in Insurance19:37 - Data Requirements for Underwriters22:00 - Broker Collaboration Explained25:25 - Is Oil and Gas Becoming Uninsurable?29:55 - Educating on Risk Optimization32:45 - Consequences of Uninsurable Oil and Gas Assets34:25 - Unique Discussion Points

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