Dr Andrew Auty, Director of Re: Liability (Oxford) Ltd describes the Radar service as an essential complement to all systems of liability risk management.
The Radar service informs insurance decision-makers about emerging liability risks.
- Changes in science, technology and law are assessed for their probable effect on liability exposure. Priority is given to any change which is likely to be larger than that predicted by experience trends or, to lead to a completely new exposure. The aim is to provide quantitative information with which to evaluate timing, size and uncertainty of change and to provide a narrative which will aid the formation of good judgment.
- Radar also supplies tactical information on well known issues e.g. vibration white finger, substantial contribution, contamination etc. This leads to possible new defences or better loss control options for example.
For more detail: http://www.reliabilityoxford.co.uk/radar/
Dr Auty adds that insurers benefit from an independent, authoritative view of these complex issues. The service is available to lawyers who advise insurers, and to Captives.