PCS Global Large Loss

Independent estimates for global large loss events

PCS Global Large Loss provides independent third-party industry loss estimates on large non-elemental risk loss events of at least $250 million. The industrywide insured loss data set goes back to 1989 and captures estimates for physical damage, business interruption, and liability for roughly 80 historical events. Liability is included in the loss, however, the focus of the solution is property, so there must be a property loss for liability to be reported.

PCS Global Large Loss provides detailed information about loss events and risk

Event bulletins in PCS Global Large Loss include:

date and location of the event
likely cause of loss
insurance industry loss estimate
narrative explaining the nature of the event based on information from publicly available sources and insights from participating (re)insurers

The loss narrative may include such information as:

date and location where the event occurred
type of event
updates on repairs or decisions to rebuild the affected facilities
other anecdotal information (as available)

PCS Global Large Loss methodology

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PCS Global Large Loss uses the specialty-based methodology developed for the PCS Global Marine and Energy and utilized in all other PCS Global specialty lines.

Download Methodology Paper

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For More Information about PCS

Contact
Alex Mican MBA, ARe, AINS
Head of PCS Global Strategy and Growth at Verisk

Contact
Ted Gregory
Head of PCS Global Operations at Verisk