When a loss notice is received, main features of the event are perceived upon first contact and a loss adjusting schedule is prepared.
The loss is inspected thoroughly during an on-site loss survey. First of all, precautions are determined for the minimization of the loss and an agreement is obtained with the involved parties, thus allowing the process to go forward.
Every loss is unique, so it is important to draw a road map in accordance with each loss. AC Global provides assistance for losses requiring team works.
Options given through the business network of AC Global regarding repairs, root cause analyses etc. are offered for the consideration of the involved parties.
The quality and speed of communications is highly crucial for the loss adjusting management process. By becoming aware of its key role during the loss adjusting management process, AC Global commits itself to establish sound communications among Insurance Companies, Agents / Brokers and the Insured and to take necessary actions in a prompt manner.
The calculation of a loss amount is the backbone of a loss survey process. Each loss is handled in accordance with dynamics of the corresponding industry as well as policy terms and conditions during such a process.
A final agreement reached concerning loss and indemnity amounts is a primary goal for all losses. For all claims files, other than special cases, attempts are made to provide an agreement on the loss amount, which is of a critical significance for both the Insurer and the Insured to carry on a smooth process following the closure of a file.
Adana, 2019
Property damage and loss of profit sustained in consequence of a collapse at a hydroelectric power plant
Type of cover : CMI
Loss : USD 12 Million
Kahramanmaraş, 2021
Fire at a cotton yarn production plant
Type of cover : Fire
Loss : USD 700,000
Anamur, 2021
Damage to goods and buildings in consequence of a fire event at a fresh fruit processing plant
Type of cover : Fire
Loss : TRY 40 Million
Kahramanmaraş, 2021
Property damage and loss of profit sustained in consequence of a fire event at a cotton processing plant
Type of cover : Fire and Loss of Profit
Loss : TRY 58 Million
Adana, 2021
Property damage and loss of profit sustained in consequence of a fire event at a starch production plant
Type of cover : Fire
Loss : TRY 45 Million
Çorum, 2019
Loss of profit sustained in consequence of a mechanical loss at a biomass power plant
Type of cover : CMI
Loss : USD 500,000
İstanbul, 2020
Fidelity guarantee loss suffered at an automotive company
Type of cover : Fidelity Guarantee (Breach of Trust)
Loss : TRY 130 Million
Hatay, 2021
Wind Power Plant, Wind turbine blade breakage loss
Type of cover : CMI
Loss : TRY 2 Million
Bandırma, 2019
Natural Gas Combined cycle plant, Gas turbine loss.
Type of cover : CMI
Loss : 500.000 €