Property
Insurance
We need to fully understand how a business operates and what drives its sales and profitability in order to quantify a property claim. For example, what was the true impact of a fire in a business interruption claim? For construction, we identify what building costs were actually incurred prior to a claim event or measure what would have happened had start-up occurred as planned in a delayed start-up claim.
Liability and Casualty
Insurance
Liability / casualty claims can involve an individual in the case of personal injury / fatal accident, a business in professional liability, or an entire supply chain in product recall. In order to quantify a claim we examine the information, determine what else we need to know and, in many instances, consider future impacts as well as past events.
Financial Lines
Insurance
The way we quantify financial lines claims varies considerably. Political risk and cyber-attack claims may require us to quantify the resulting loss of profits. In trade credit claims we often delve deep into accounts receivable documentation. Whereas in crime and fidelity claims we might need to measure the extent of theft carried out by a rogue employee.
Disputes
Legal & Corporate
The overarching approach is similar across most disputes – we need to understand the issues and quantify the amount of loss suffered. Our analysis may range from ascertaining the effects of a lack of finance on the progress of a key project to complex financial modelling of the impact of a breach of contract involving many customers.
Forensic Investigation
Legal & Corporate
In order to quantify damages we usually need to access the source documentation. Where there have been attempts to hide or delete information, for example in fraud, corruption or money laundering claims, our forensic technologists may be called in to recreate the information. They are also adept at efficiently analyzing large quantities of data across a multitude of electronic devices.
Corporate Consulting
Corporate
We analyze business data to inform better business decisions in a number of contexts. For instance, to quantify a claim relating to a regulated utility we would employ forensic accounting and economics to unravel the pricing mechanism adopted. To gain market or wallet share, we would employ data analytics and visualizations to identify specific customer opportunities.
Transaction Advisory
Corporate
An in-depth knowledge of business process is essential to establish quantum in due diligence, merger and acquisition assignments. Further to this, real industry understanding helps us road test assumptions and ensure we are applying the right methodologies to inform major decisions.