Insurance claims involving turbines (both gas and steam) cost the global insurance market significant amounts every year. Of critical concern to insurers and reinsurers is establishing the root cause of the loss so that policy liabilities can be accurately applied. Determining the root cause of turbine failures requires a detailed investigation that involves several specialised forensic engineering disciplines. Also important during these investigations is the delicate interaction with the OEM who holds proprietary interest in the information necessary to carry out the investigations. The presentation will also discuss how to manage relationships with manufacturers and other OEM suppliers in ways that mitigate the loss and expedite reinstatement of the equipment.
This webinar presents an expert’s perspective of root cause analysis (RCA) required following a turbine failure losses. The presenter will use several case studies to highlight the various steps required to complete the RCA process and determine the cause accurately. The presentation will also discuss different reinstatement options and how to manage relationships with manufacturers and other OEM suppliers in ways that mitigate the loss and expedite reinstatement of the equipment.