Key Concepts and Practical Challenges
This presentation will cover an overview of key components of a BI claim and using recent case examples highlight some of the challenges that arise during quantification of claims.
Learning Objectives: - Provide an overview of BI components and accounting terminology. - Understand some of key BI concepts including: Accounting Gross Profit versus Insured Gross Profit The significance of the Adjustments clause Drivers of turnover & projecting turnover into the loss period - Discuss the rise of ‘big data’ and changes in technology and the implications in loss quantification.
The Speaker: Mr. Maina Wagiciengo MSc ACMA Maina is a Senior Manager in FAS (Forensic Advisory Services) Global, a division of Cunningham Lindsey UK. Over the last 10 years Maina has worked on a variety of business interruption assignments including loss of profits, increased costs of working and stock recoveries with values ranging from £100,000 to values in excess of £100million.
Date: Wednesday 24th January 2018. Venue: Room A013 Holliday Building, Durham University (Queen's Campus Stockton), University Boulevard, Thornaby, Stockton-on-Tees, TS17 6BH Talk Start Time: 12.30pm Talk End Time: 1.30pm
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