Asbestos liability forecasts that rely too heavily on past data applied strictly to an estimation model do not always provide a realistic picture. That’s because asbestos litigation is a defendant-specific, local problem. If statistical models don’t incorporate what’s actually happening “on the ground,” they will miss the mark.
KCIC takes a different approach. We already work deeply in the asbestos litigation arena, so we’re able to consider both the quantitative and the qualitative aspects. What you get is not only statistically sound; it’s based on observations in the data, while incorporating reality.
Our forecasts are never a surprise and are always on-point with the realities facing the company.