Towards a process based management system for oil port infrastructure in context of insurance

This article addresses selected methodological aspects of a process based management system based on analysis of hazards and threats and risk evaluation for an oil port infrastructure in context of insurance. The oil port terminal is regarded as important system of the critical infrastructure that require careful system oriented approach to deal with integrated aspects of environmental, safety and security management to reduce risk of potential consequences of abnormalities and accidents, especially major accidents with catastrophic consequences. The risk of potential economic losses should be also minimised applying in practice an effective business continuity management system. Careful evaluations of relevant risks carried out for the oil port infrastructure are crucial also for the insurance company. Some requirements and activities of the risk engineer and the underwriter in the insurance process are outlined including important factors influencing risks. It is emphasised that determining and evaluating a set of key performance indicators based on data from site audits and analyses can be useful for the safety management of the oil port and its insurance.