The power sector in India is a crucial component of India’s infrastructure & economic development. India’s power sector is one of the most diversified in the world. Sources of power generation range from conventional sources such as coal, lignite, natural gas, oil and hydro to viable non-conventional sources such as wind, solar, agricultural and domestic waste.
Insurance coverage in this space is as complex as the potentially staggering losses. This industry faces significant threats such as terrorism, natural disasters, and regional power failures. Speed, experience, and expertise are more critical to assessing damages in this industry than in many others.
PCIS serves the power and energy industry offering immediate access to every type of specific expertise and are prepared to deal with the range of issues surrounding any large loss. We recognize that these situations are not only complex, but massive as well. PCIS has the experience to manage all of the competing streams of experts. We fully understand how any losses in this industry can escalate into major interruptions in business.
Working with PCIS, Insurers and Insured can expect support with:
• Providing an immediate on-site response and local liaison
• Implementation of measures to control reinstatement costs
• Tailored response to each individual claim
• Application of the right expertise and technology to achieve an effective conclusion
• Solid focus on fast and effective resolutions
• Unparalleled dedication to client service and technical expertise
• A collaborative, team approach involving all parties including insurers, insured, reinsurers etc.
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