Calculation of potential losses under vehicle insurance contracts
Engagement for a major Russian insurance company
The KPMG team provided advisory services related to the calculation of the amount of the company’s potential losses under vehicle insurance contracts.
Description of the work
- Independent calculation of potential losses of the insurance company under vehicle insurance contracts based on the data on losses, loss adjustment expenses, subrogations, and revenues from sales of salvage material, provided by the company as a range of valuations
- Provision of information on factors that can potentially cause the valuations to vary upwards and downwards