Amit Mehta

Amit is a science graduate from India, before starting his stint in the Insurance Industry he has an experience of design and re-engineering in various industry and business processes. He started his career in Loss Adjusting in India and has an experience of handling many Catastrophic losses along with many of major claims in Fire, Machinery Breakdown, Marine, All Risk and Liability policies.

Case Study 1/5:

Policy Type : Industrial All Risks Policy
Nature of Loss : Explosion damages to a CFBC boiler in a Power Plant and consequential Business Interruption
MD Claim : USD 1.2 Million 107,078,329/- (AED 5,635,702)
BI Claim : USD 3.7 Million (AED 12,073,684)
MD Adjustment : USD 1.3 Million (AED 4,812,882)
BI Adjustment : NIL

Case Study 2/5:

Policy Type : Marine-Cum-Erection Insurance Policy
Nature of Loss : Cyclone damages to project material erected in HT/LT Distribution lines & kept at site stores
Claim : USD 6.4 Million 450,000,000/- (AED 23,684,211)
Adjustment : USD O.6 Million (AED 2,412,274)

Case Study 3/5:

Policy Type : Standard Fire & Special Perils Policy
Nature of Loss : Damages to operational Bituminous Road due to flooding / Inundation
Claim : USD 7.8 Million (AED 36,378,116)
Adjustment : USD 3.7 Million (AED 13,690,131)
BI Adjustment : USD 5 Million (AED 2,074,104)

Case Study 4/5:

Policy Type : Contractor's All Risk Insurance Policy
Nature of Loss : Steel structure got collapsed due to storm & heavy rainfall.
MD Claim: USD 92,000 (AED 339,000)
MD Adjustment: USD 67000 (AED 246000)

Case Study 5/5:

Policy Type: Property All Risk Insurance Policy
Nature of loss: Fire damage to the Insured Building, Content & Stocks.
MD Claim: USD 8 Million (AED 29.4 Million)
MD Adjustment: USD 4.3 Million (AED 15.8 Million)