Quantitative Analysis

Quantitative Services

Service Overview

Decision-makers at all levels increasingly must rely on verifiable data, presented in a clear, concise manner to the satisfaction of all stakeholders. In this burgeoning field, sophisticated data management and modeling techniques, in conjunction with strong industry knowledge, are the keys to providing meaningful analytics. The Quantitative Services practice provides thoughtful decision-making tools for management through complex data analysis, claim allocation modeling, and data-extraction services. Experienced staff members are dedicated to providing superior quantitative services with an emphasis on presenting results in a manner most useful to the clients’ needs. Allocation modeling services have been provided to insurers, reinsurers, claims counsel, and others for various types of claims, including asbestos, hazardous waste, lead, chemical, intellectual property, and professional liability.

Services Performed

  • Insurance Coverage Allocation Analytics
  • Mass Tort Litigation Support
  • Allocation modeling to support settlement negotiations, cost-share agreements and post settlement allocations in support of reinsurance recoveries.
  • Detailed data analysis using complex reporting software to provide loss and exposure statistics and trending.
  • Employment of dynamic models and the decision tree approach to provide a range of settlement outcomes and a sensitivity analysis for identifying key issues from a financial impact perspective.
  • Custom data-extraction techniques to gather important information from non-traditional data sources such as paper files, imaged documents or the Web.
  • Design and maintain custom applications developed in .Net/Access.
  • Assistance by staff to support arbitration or litigation efforts including testifying as expert witnesses on data analysis and allocation services.
  • Account reconciliation services to quantify insurers’ payments and verify proper allocation to policies to support policy exhaustion and effectuate reinsurance recoveries.
  • Legal & Claim Spend Analytics

Additional materials

Learn more about our services and how they can help your business.

Download PDF

Sample Engagements

Joint Defense Group Requests Data Analysis

Counsel for a joint defense group requested data analysis and an expert report that resulted in a favorable summary judgment in an asbestos case where plaintiffs were seeking in excess of $100,000,000. Alan Gray LLC analyzed underlying claimant data, performed an audit of the underlying claims and calculated product exposure points corresponding to the insured’s ownership of the asbestos product.

Reporting Techniques Aggregate Losses

An account reconciliation on payments made in a chemical exposure case resulted in the collection of $4,000,000 in deductibles from the insured. Alan Gray LLC’s analysis determined that the insured’s data reporting techniques aggregated losses rather than applying per claim deductibles, resulting in a lower assessment of deductible dollars.

Decision Tree Analysis for Complex Hazardous Waste Litigation

Contracted to provide quantitative services in a complex hazardous waste litigation, the staff worked with counsel to develop and employ a decision tree analysis in conjunction with a number of standard allocation modeling runs, to value their settlement options. After factoring in the appropriate coverage discounts, the client was supplied with a working model in which they were able to change the probabilities of success/failure at their discretion. The result was a favorable settlement where the insured paid approximately 10% of their exposed limits, 75% less than originally demanded.

Service Professionals

Meet the team.

Malini Ireland

Senior Director

Malini Ireland

View profile
Jason Patrick

Assistant Vice President

Jason Patrick

View profile
Jennifer Lipschitz

Assistant Vice President

Jennifer Lipschitz

View profile
John Goldwater

Managing Director

John Goldwater

View profile
Jeff Genereux

Senior Consultant

Jeff Genereux

View profile
Jacqueline Cotreau

Director

Jacqueline Cotreau

View profile
Marian Brent

Assistant Vice President

Marian Brent

View profile

Ready to talk?

Learn how your company can benefit from working with us.

Talk with us

Subscribe

Sign up to receive updates from Alan Gray LLC, including new service offerings, events, and news.

Email Address:

Thanks for joining our newsletter!
Oops! Something went wrong while submitting the form.