Property

PCS Provides Wide Range of Support to Global Insurance Industry

Property Claim Services ® (PCS ® ) maintains a singular focus on its mission to support the global insurance industry. When a catastrophe strikes, we use a rapid-implementation approach to provide industrywide...

PCS Site Visit: CAT #40

Last week, I left the Property Claim Services ® (PCS ® ) Catastrophe Conference in Minneapolis, Minnesota, and went down to Bessemer, Alabama, and Pensacola, Florida, to assess the damage that occurred as result of PC...

ISO ClaimSearch Completes Compliance Service for Texas Claim Reporting Requirements

ISO ClaimSearch ® helps property/casualty insurers comply with child support reporting requirements in five mandatory states as well as all voluntary jurisdictions. More than 600 insurers use the program. The service ...

Already Another Cat Bond Record

The first month of the second quarter just ended, and we’re already looking at record catastrophe bond issuance activity. If all the announced transactions close in May, issuance will reach approximately $4.4 billion,...

Microinsurance and Claims: Fraud Prevention and Detection

In developed markets, it’s no secret that insurance fraud is an enormous problem. In the United States alone, according to data from the Aite Group , property/casualty insurance fraud costs the industry as much as $64...

Microinsurance and Claims: An Offer of Proof

A claim represents an opportunity for an insurance company to keep its promise. In developed markets, a claimant’s experience can mean the difference between retaining and losing a customer. In the developing market,...

Microinsurance and Claims: Key Claims Considerations

The role of the claims department in operating a microinsurance program may be even more sensitive than in mature markets. In any insurance market, large or small, the claims department engages with the customer in a...

Microinsurance and Claims: Overview

Microinsurance provides a unique opportunity for both insurers and insureds. Insurers (and their shareholders) can benefit from the growth potential afforded by new markets. At the same time, insureds can gain access ...

PCS to Include Verisk Climate Respond Peril Maps

Property Claim Services ® (PCS ® ) has implemented an enhancement for ISOnet ® PCS users. Starting April 1, 2014, PCS catastrophe designation and loss estimate bulletins may include analysis maps of affected areas. Th...

PCS Q1 2014 U.S. Catastrophe Review

In the first quarter of 2014, Property Claim Services ® (PCS ® ) designated six catastrophe events that resulted in $2.2 billion in insured losses. Those results are slightly below the ten-year average (2005 to 2014) ...