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BackBUSINESS INTERRUPTION INSURANCE
On 12 September 2018 Mensor Ltd participated in the business discussion, Business Interruption Insurance: Modern Approaches and Loss Adjustment, organized in the Hotel Baltschug Kempinski, Moscow, by the National Association of Insurance Adjusters together with forensic accountants, RGL and MDD companies. Among the speakers there were representatives of Cunningham Lindsey Russia, Vegas Lex, RGL Forensics, Russurvey, MDD Forensic accountants, Matthews Daniel International (Rus).
The participants, including Swiss Appraisal and Crawford, discussed various aspects of business interruption (BI) loss adjustment and recovery. Particular emphasis was placed on the analysis of the distinctive features of calculation of losses resulting from business interruption in various sectors of industrial and commercial activities (oil and gas industry, electricity, metallurgy, retail, processing industry, pharmaceuticals, and construction). Special attention was paid to the issues related to calculation of losses for insurance of cyber risks.
The panelists noted the important role of engineering surveys in the pre-insurance risk assessment, including business interruption related losses, in the context of the implementation by the insured of the surveyor’s recommendations aimed at reducing the risks.