Major Risks

As a trusted partner, MDD can assist our clients before a loss occurs by:

• Providing pre-loss modeling and exposure analysis
• Developing aggregate reporting and tracking mechanisms
• Creating mock-loss scenarios to understand the potential loss values under varying circumstances and issues to consider in the event of a loss
• Producing loss measurement templates and tools for lower-value high-frequency losses that require appropriate documentation
• Building and managing customized tools such as portals and dashboards for future claims

When an event occurs, MDD can assist in the claims quantification and resolution process by:

• Accurate business interruption and extra expense loss measurement
• Identifying loss impacts and financial analysis of potential mitigation strategies
• Producing the appropriate reports and supporting loss measurements for both internal and external purposes
• Management and delivery of regular status reports and aggregate reporting
• Assisting with property damage analysis, invoice confirmation and cost apportionment
• Working with industry experts such as adjusters, contractors, engineers, and other specialists
• Providing expert and consulting witness testimony if needed

Dedicated Account Representative: A dedicated account representative (or team) will be selected based on experience within your/your clients’ industry, region and company. This ensures that all unique aspects of your/your clients’ business are considered when conducting a loss measurement.

Collaborative approach: MDD has a long-standing reputation for working collaboratively with brokers and other experts from day one, avoiding delays in agreeing on the claims process and efficiently handling cash flow requirements.

Real-time response: As soon as a major event occurs, it is important to measure the range of potential loss scenarios to facilitate real-time reserve decisions (decision-making). With MDD Major Risks approach, the groundwork for understanding the industry and client will be performed upfront to enable immediate loss measurement after a major event.

Innovation: MDD’s use of advanced AI tools allows for upfront methodology setting and measurement for higher volume claims which we can track and benchmark to quickly determine losses.

Additional services:

• Upfront pre-loss modeling in collaboration with your client/you and the/your brokers to ensure that limits and values are appropriate
• Access to MDDi – MDD’s innovation portal

Value-Add services: As part of this program, you/your client will receive:

• Dedicated account representative(s) who act as main points of contact and offer quarterly check-ins
• Preferred billing rates
• Access to MDD’s Client Education Portal
• Business Interruption workshop/training

With more than 40 global offices on five continents and experience in more than 800 industries, Captives and Major Risk clients can rely on our highly trained and experienced specialists to help them navigate a multitude of loss scenarios.