Crawford GTS® Global Large Loss Database


GTS GLLD Booklet 10 13 15


The GLLD contains large loss records* from 2008 to present. Given the market success of our Global Technical Services (GTS) division and the nature of the business, the database is never static, as claims are either added or updated minute by minute. The data is used for various internal and external reports as well as for strategic management purposes.


GTS adjusters are leaders in their respective fields, having proven themselves in the industry. They become part of our GTS division through a balanced scorecard-based accreditation process which is applied and managed globally. It is based on industry and specialist experience as well as academic and industry qualifications.


We have seen a marked increase in the number of high value Personal Lines losses in recent years. Similarly, Retail and Agriculture & Food losses have gained prominence over
“traditional” industry sectors like Building & Construction and Industrials & Engineering based both in size and frequency.


Retail, Personal Lines and Agriculture & Food production have become sectors within which we are seeing not only a higher volume of claims but also higher individual claim values.

The USA leads Asia in having recorded the highest number of Building & Construction losses but it is worth noting that Canada leads Personal Lines and similarly, the UK leads Agriculture & Food production.

It is no surprise to note that Catastrophe claims represent the highest value of indemnity dollars in the database. When catastrophes occur in highly insured areas the insured losses are often “total” losses and in many cases these have associated business interruption claims.


COMMERCIAL PROPERTY AND LIABILITY  indemnity dollars follow a similar path in value over the years 2008 to date and so statistically remain in tandem. When we compare the number of losses and value of commercial to residential property the proportion remains fairly consistent by region and country.


To provide exact statistics and performance measures associated with an event, we immediately start recording data under a specific event code, distinguishing between catastrophe and non-catastrophe claims. Events can also be compared to each other to measure severity and other factors.


Our Client Base is fairly diverse. It includes reinsurers, global and local insurance companies and brokers as well as self-insured entities.


Statistical forecasting remains a useful tool in many ways but is far from an exact science. We apply various techniques and standards to arrive at what we believe is an applicable standard for the claims industry.

Based on historical data (2008 to date) plus other market factors, we form a view on future volumes and values (both for catastrophe and non-catastrophe work). Even though this information does not form the basis of day to day management decisions, we anticipate using it more as our accuracy improves.


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