Insurance Market

SCAIR™ can help to determine the direction for appropriate risk financing strategies:

• Loss estimates generated by this process can improve your negotiating position at insurance renewal.
• Insurance coverage can be expanded to fill gaps in cover revealed by the process, and to include new types of ‘non damage’ business interruption risks.
• Up-to-date loss profiles can influence the setting of internal risk retention levels.

Access to Innovative Cover

For the newly created Non Damage Business Interruption coverage developed by JLT, SCAIR™ has been effectively “endorsed” by the global insurers involved as the tool to value the Business Interruption Exposure during the underwriting process.

While no insurer will agree pre-loss to any particular valuation approach for Adjustment, the methods and logic of SCAIR are supported as a good starting point for negotiation

From Lloyds of London:

"Market first helps pharmaceutical chiefs sleep at night"

Lloyds Underwriter Kiln and Broker JLT (Jardine Lloyd Thompson) use SCAIR™ to address changing risks in the Pharma sector.
See the article here