PricewaterhouseCoopers LLP (PwC) provides global insurance services to property and casualty companies, life and health companies, insurance brokerages, and reinsurance firms. Our insurance industry professionals are highly credible resources who regularly serve as advisors and testifying experts. Our clients, whether they are insureds, insurers, reinsurers, brokers, regulators, or attorneys, rely on PwC to assemble and deploy a broad-based team of trained professionals to provide comprehensive solutions for critical insurance issues. We offer insurance industry resources and expertise in the following areas:
Claims
As an insurance industry leader, PwC offers strategic advice to clients. We help clients with their presentation, research and analyses of economic losses relating to business interruption, extra expense, property damage and product recall claims. Our vast resources let us provide the expertise clients often need to meet strict guidelines imposed by the courts and others. PwC's services encompass matters relating to:
- Property
- Business interruption
- Errors and omissions
- Directors and officers
- Mass and toxic torts
- Product liability
- Product recall
- Environmental and asbestos.
In a competitive market, effective claims support is critical to client satisfaction and cost control. PwC's range of expertise is based on our in-depth experience with the world's most sophisticated clients. Our dedicated insurance team combines the knowledge and skill of Certified Public Accountants and insurance industry professionals, as well as forensic accountants, technology experts, engineers, construction experts and economists to provide highly effective value-added solutions for our clients.
Commercial disputes
As business advisors to many of the largest global insurance carriers, reinsurers, and agencies, PwC is exceptionally positioned to assist our clients when commercial disputes arise. We have the actuarial, audit, tax, valuation, and reinsurance knowledge to help our clients understand potential exposure and make cost effective decisions throughout the litigation process. Our experience in assisting clients with disputes includes:
- Reinsurance contracts
- Agency and managing general agency agreements
- Purchase price adjustments
- Company evaluations
- Class actions
- Accounting issues
- Actuarial issues
- Damage estimates, rebuttal, and expert testimony
- Loss allocation.
Insurance investigations and fraud
PwC's global network of licensed investigators combines forensic prowess with deep industry knowledge to provide our clients with qualified teams ready for global deployment. Our clients benefit from our experience in both the public and private sectors, which enables us to uncover facts swiftly relevant to addressing their needs and solving problems. We have performed the following types of investigations for our clients:
- Investigating fraudulently filed claims
- Investigating underwriting misrepresentations
- Tracing stolen insurer assets
- Investigating self dealing allegations
- Investigating managing general agencies on behalf of insurers
- Analyzing insurers' ceded balances in disputes with reinsurers
- Investigating healthcare fraud and abuse allegations
- Computer forensics and cybercrime.
Reinsurance Insurance Disputes
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