Impact of COVID-19 on future damages 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

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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?

About the Presenter

Simon P Oddy, FCA, CFE, MCIArb
Partner, Global Forensics and Litigation Services

Simon Oddy is a Partner in the Global Forensics & Litigation Services consulting practice at Baker Tilly. Working with insurers and lawyers, Simon has handled engagements in North America, South America, Europe, Africa, Asia and Australia. Simon’s insurance related cases focus on property and casualty losses. In addition to clients in the United States, Simon works with clients in the London Insurance Market, Syndicates in Lloyds and handles cases globally. He has handled matters for both Claimants and Defendants.