Providing reliable insurance to energy companies worldwide.
We are a member-owned mutual insurance company built by and for the energy industry, offering significant limits, comprehensive coverage and predictable premiums.
Members
74
S&P Rating
A
(Stable)
Moody’s Rating
A2
(Stable)
Together
Everen is managed for and by its membership, independent of external capital such as reinsurance or debt. Members maintain control of policy wording through majority vote.
Reliable
From year to year, members benefit from predictable, formula-driven premiums. Together with fixed coverage and consistent limits of up to $450 million, Everen provides a stable, predictable foundation on which members can build their insurance programs – an advantage rarely found in traditional insurance.
Unique
Everen’s stable but flexible model is unmatched in the industry. Our unique offering provides members with the flexibility to purchase as little as 60% of insurance limit, an exceptionally low (~5%) expense ratio, a broad policy form, and our at-cost premium formula that is openly shared with members and their brokers.
Simple
Renewing with Everen is simple. Members choose their limits and deductibles without surprise premium hikes or restricted coverage, even after a loss. Premiums are determined using a simple, transparent formula based on balance sheet assets, type of operations, loss history, and coverage choices – no submissions or negotiations needed.
Transparent
Everen offers significant benchmarking and networking opportunities for the energy sector. Each year, our Shareholders’ Conference and AGM event brings together member representatives from across the world to share insights, tackle insurance challenges and shape our products and policy wordings.
E-Learning
Our E Learn online course provides members, prospective members and brokers with the opportunity to gain valuable insight into our organization, how we operate, and ultimately earn the Everen Technical Accreditation.
Divided into eight sections, the Everen Technical Accreditation course covers a range of important topics about Everen’s product offering, premium model, and claims handling process. Register today and discover why we are the insurer of choice for the global energy industry.
