To set appropriate loss reserves, deploy field adjusters, and verify internal company estimates, you must be able to define the extent and type of damage, establish dates of occurrence, and determine the geographic areas affected. Subscribing to the PCS reports gives you access to the necessary data to facilitate these decisions efficiently.
Our network of claims departments, adjusters, emergency managers, agents, fire and police officials, and meteorologists provides data on insured losses for risk and capital management in catastrophes and weather events.
Gain insights into the far-reaching implications of severe weather and catastrophes for informed decisions and proactive risk management.
Efficiently oversee and deploy personnel for streamlined operations management, ensuring optimal resource utilisation and performance.
Monitor and analyse catastrophe estimates in real-time for data-driven decision-making, risk mitigation, and strategic planning.
Gain a holistic grasp of incident scope to evaluate its multifaceted business impact, fostering informed responses and resilience.
Swiftly spot emerging events in real-time, empowering proactive response and capitalisation on opportunities for a strategic advantage.
Enhance risk management and underwriting processes, optimising decisions for informed, efficient, and secure financial operation.
Strategically optimise decisions on loss reserves, risk assessments, investments, and resource allocation for sustainable growth and resilience.
PCS investigates loss events in the United States, including Puerto Rico and the U.S. Virgin Islands. A catastrophe serial number is assigned if insured property losses exceed US$25 million and affect a significant number of policyholders and insurers. If the preliminary estimate exceeds $250 million, PCS resurveys until the estimate is deemed final.
PCS Canada assigns a serial number to track discrete Canadian events causing more than C$25 million in insured property losses and determine which trigger reinsurance coverage. Every Canadian event receives at least one resurvey and if warranted additional follow-up resurveys (every 60 days until the final estimate).
PCS Mexico investigates disasters projected to exceed MX$300 million and assigns serial numbers to help you track losses from each catastrophe. The threshold for resurvey estimates (every 60 days until the final estimate) is MX$950 million (This product is available for use in the United States, Mexico, and many other countries).
Serial numbers are assigned for catastrophe events that exceed US$2 billion in Japan or US$2.5 billion in the rest of the region to be considered for designation under PCS APAC. PCS releases updated estimates every 90 days until the team arrives at a final estimate.
PCS LatAm covers all natural and man-made catastrophes (excluding marine) likely to cause insured losses of US$500 million+: events in Argentina, Chile, Ecuador, Honduras, and Peru dating back to 1998, and non-U.S. Caribbean losses exceeding US$2 billion dating back to 2017.
PCS Turkey investigates catastrophe events causing more than T₺10 million in direct insured property losses and affecting a significant number of policyholders and insurers. PCS Turkey assigns qualifying catastrophes a serial number to track losses and reserves related to a single, discrete event.
Verisk PCS catastrophe and large loss data solutions help insurers understand the scope and implications of severe weather and catastrophes as they happen.
See loss estimates on specialty large loss events including marine and energy, cyber, aviation, onshore risk losses, terror, and SRCC/PV. Find data needed to set appropriate managing capital and loss reserves.
Access the primary source of catastrophes and weather events data in the United States and around the world with ISOnet® PCS®, the core subscription service. Or use PCS FlatCat® for flexible, customisable PCS catastrophe data delivery.