PCS Global Marine and Energy

PCS Global Marine and Energy is a new service from Property Claim Services® (PCS®), marking the group’s first move beyond property catastrophe and into specialty lines loss aggregation.

The PCS Global Marine and Energy service investigates reported ocean marine and offshore energy insured loss events and determines the extent and type of damage, dates of occurrence, and loss location. PCS Global Marine and Energy assigns serial numbers that help you track the losses from each relevant event.

The PCS Global Marine and Energy service produces damage estimates that help you:

  • set loss reserves
  • verify your internal company estimates
  • manage risk and capital
  • engage alternative sources of capacity (such as the capital markets)

PCS Global Marine and Energy estimates also keep all participants in the global risk and capital supply chain informed about the total costs of ocean marine and offshore energy events. The historical database provides loss estimates for events from 2010 through the present, with PCS designating a “marine and energy event” when the industry loss appears likely to exceed $250 million (or equivalent in non-U.S. currency).

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