EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
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Insurance Claims Services
EY Insurance Claim Services team helps organizations to measure, document, and prepare complex insurance claims, largely by helping EY clients anticipate challenges they may face during the claims process.
What EY can do for you
For many organizations, managing financial recovery efforts after an insured event is often a detailed and complex process. EY Insurance Claims Services team helps companies accurately measure, document, and prepare complex insurance claims. We combine proven methodologies in financial recovery with our deep knowledge of insurance to assist EY clients to expedite recovery and meet their financial goals.
EY’s team blend accountants with claims experience, former insurance adjusters and other professionals to form a cohesive team versed in all aspects of the claims. EY’s team is equipped with the resources and know-how to mobilize and take action to help businesses navigate even the most complicated claims with confidence.
The EY difference
Having worked closely with clients across six continents, EY’s team have seen it all — regardless of the type of claim your organization is experiencing. From fires, floods, tornadoes, and hurricanes to supply chain disruptions, employee theft or cyber breaches — the professional services teams work with clients throughout the insurance claim process to prepare complex insurance claims, while anticipating obstacles to help EY clients expedite insurance recoveries.
With the ability to scale and help manage even the most complicated insurance claims, our trusted advisors bring value-added industry experience, objective analysis and loss quantification, and a thorough understanding of the latest industry trends and developments to strategically guide action plans and support clients throughout the entire claims process.
How EY can help
No matter the size of the loss or the extent of property damage, we’re prepared to coordinate each step of the claims process, regardless of how daunting it may be. Your team will benefit from our structured approach and leading practices to our objective and fresh prospective.
We have assisted organizations with many types of claims, including:
- Business interruption
- Property damage
- Extra expense
- Expediting expense
- Contingent time element
- Transportation disruption
- Supply chain disruption
- Builder’s risk
- Stock loss
- Environmental
- Liability
- Political risk
- Cyber breach
- Special event
- Boiler and machinery
- Crime and fidelity
- Theft
- Representations and warranties
Whether offering practical help, like obtaining urgent cash advances and advising stakeholders, or supporting more strategic aspects of claim management, like safely managing data or developing sophisticated recovery plans, the multidisciplinary teams are here to help.
In addition, fees for EY services may be covered by your insurance policy, meaning the services may come at little or no out of pocket cost to your business.
Understanding how your insurance interacts with your operations is critical to allow you to restore your business and recover from any losses. To learn how EY’s team can support you, please contact us to begin the dialogue and allow us to share how we may be of service.