Impact of COVID-19 on future damages and loss measurement

Businesses had extremely unusual income and expenses this last year - with lockdowns, capacity regulations, consistent changes and supply chain issues. How will insurers account for the interrupted year of the pandemic in damages evaluation? 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?

Listen to Baker Tilly’s on-demand, informative webinar on the COVID-19 impact on insurers. During this webinar, our team discussed:

• How traditional damages modeling is performed
• Impacts of a disruptive economic year with traditional damages modeling
• Options to adjust traditional modeling to account for the pandemic
• How non-traditional and traditional modeling methods will impact disputes

For more information on this topic, or to learn how Baker Tilly’s Value Architects can help, contact our team.