Actuarial Review of British Shipbuilders' Personal Injury Liabilities
Awarded 09 Nov 2015
About
UK SHARED BUSINESS SERVICES LTD awarded a contract to Deloitte for an actuarial review of British Shipbuilders' personal injury liabilities.
The review provided an updated assessment of liabilities by disease type, a financial assessment of the likely liabilities profile over the next 35 years for planning and BIS accounts, and commentary on the liability assessment, assumptions, risks, and forthcoming changes.
The scope included fresh estimates of future financial liability (including claimants' costs), number of claims notified, and number of claims likely to be settled for asbestos-related diseases (asbestosis, lung cancer, mesothelioma, pleural plaques limited to Scotland, pleural thickening), noise-induced hearing loss, vibration white finger, and other miscellaneous diseases based on claims received by Simpson & Marwick.
The contract value was AUD 69,956.97.
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