Instances of wide spread flooding can lead to particular challenges in identifying and capturing physical damages costs for utilities companies. The vast number of locations within an affected area makes it imperative that at risk assets are identified and inspected as quickly as possible and that cost estimates are accurately collated.
MDD was instructed by Insurers following such an incident to assist the Insured with identifying at risk assets for inspection. We performed a postcode analysis and collated costs as they were estimated and subsequently materialised. Our data management was so effective that the Insured trusted our record of costs implicitly and ceased maintaining their own records.