Verisk’s PCS® is the internationally recognized authority on insured property losses from catastrophes.
The PCS Mexico service investigates reported disasters and determines dates of occurrence, geographic areas affected, and the extent and type of damage. PCS Mexico assigns serial numbers that help you track the losses from each catastrophe. Catastrophe events must exceed MX$300 million to be considered for designation under this service. After a preliminary insured loss estimate is published, PCS releases updated estimates every 60 days until the team arrives at a final industry insured loss estimate.
The PCS Mexico service produces damage estimates that help you:
- set loss reserves
- helps companies determine where field resources may need to be positioned for catastrophe response
- verify your internal company estimates
PCS Mexico estimates also keep insurers, their customers, regulators, and other interested parties informed about the total costs of disasters. Insurance companies contribute significantly to the economic recovery following a catastrophe. The service regularly reports on the value of that contribution—and its effect on insurers. PCS Mexico also maintains contact with industry representatives in many countries.
For more information about PCS
Property Claim Services®