Insurance claims are becoming increasingly complicated by the varying amounts of financial data maintained by individual insureds, natural disasters’ impact on the interconnected global economy, and the challenges of managing insureds’ cash flow situations. The potential impact of many of these complexities can be minimized when there is a deep understanding of affected business operations and their related accounting systems. Pario takes the understanding of those systems into account when measuring financial losses pursuant to the adjuster’s instructions as to the insurance coverage.

At Pario, we are able to assist claim adjusters and claim managers in quantifying the financial impact of a covered loss on an insured’s operations.

What is Pario’s approach?

Pario understands that every insured’s operation is unique, as is the documentation that is maintained. Upon assignment, we contact the insured to discuss normal operations, the loss’ impact, and the available supporting documentation. Throughout our involvement in the claim process, we are sensitive to and value the insurer’s relationship with its client, the insured.

Our client’s success is largely dependent upon our ability to:

  • Identify and request relevant documentation based upon our understanding of the operations and effectively explain the relevance of each request.
  • Objectively analyze financial data and have follow-up conversations with the insured to develop a complete understanding as needed.
  • Make clear, defensible determinations of the financial loss.
  • Formalize conclusions and assist the insured in understanding them.

Keys to the Pario Approach:

We have found we are most productive when engaged early in the claim process. This allows us to provide insight to the insured regarding the ongoing documentation and information requirements and provide overall guidance in navigating the process from a financial standpoint. Further, we understand the value of relationships and consider our relationship with the insured as a critical aspect of the claim process.

In addition to clearly communicating with the insured, we strive to provide timely updates to our clients so that they can effectively manage the claim in its totality. Ultimately, we know that our conclusions are critical to resolving the financial aspect of the claim. Thus, it is imperative to independently arrive at the right number, which is the amount supported by evidence and expertise.

Our experience in these matters have involved industries such as:

  • Agriculture
  • Airline
  • Banking / Financial Institutions
  • Chemical Processing
  • Construction
  • Education
  • Film
  • Health
  • Hospitality, Leisure & Tourism
  • Government
  • Manufacturing
  • Marine
  • Not for Profit Organizations
  • Oil, Gas & Petrochemicals
  • Pharmaceutical
  • Printing, Paper & Publishing
  • Professional Services
  • Real Estate
  • Retail / Mercantile
  • Restaurants
  • School Districts
  • Technology
  • Textiles
  • Trucking / Transportation
  • Utilities and Power Production
  • Wholesale