This month’s Featured Technical Paper is from the Proceedings of the 2019 International Conference of Doble Clients. The paper is titled: Analysis of the Power Generation and Utility Business from an Insurer Perspective
One advantage of being a large global insurance company is that you see a large number of loss events due to equipment failures, operational events, and construction and erection events across a large number of industries (i.e., occupancies) world-wide. Detailed analysis of these events as part of claim investigations provides root cause information and lessons-learned for the Insurer which can be helpful to the Insurance company, Insurance company clients (Insureds) and the Power Generation industry as a whole. In particular, claims loss technical investigations which identify the root cause of a claim can provide lessons-learned to prevent reoccurrence and reduce the likelihood of future events. The purpose of this paper is to analyze AIG Power Generation/Utility claims information in conjunction with some loss events to provide insight into issues that may be helpful to Doble client members.
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