Impact of COVID-19 on Future Damagers and Loss Measurement
Date: Thursday May 6, 2021
Time: 02:00 PM Eastern Standard Time
Duration: 1 hour
Presented by: Simon P Oddy, FCA, CFE, MCIArb
Partner, Global Forensics and Litigation Services
How will insurers account for the interrupted year of the pandemic in damages evaluation? Businesses had extremely unusual income and expenses - with lockdowns, capacity regulations, consistent changes and supply chain issues. Traditional damages modeling may be greatly impacted by the financial results for 2020 and the early part of 2021, while attempting to measure financial loss unrelated to COVID-19. How will models need to be adapted to deal with pandemic disruption?Join Baker Tilly and Global Forensics and Litigation Services partner, Simon Oddy, to discuss the COVID-19 impact related to:
Traditional performance modeling overview
Approaches insurers may take in modeling around pandemic impact
Impact on disputes in damages evaluation
What will this webinar answer?
1) How is traditional damages modeling performed?
2) What are the impacts of a disruptive economic year with traditional damages modeling?
3) What are options to adjust traditional modeling to account for the pandemic?
4) How will non-traditional and traditional modeling methods impact disputes?
