Assessment of Loss

If an individual loses his/her livelihood or suffers damage as a result of a number of alternative causes, e.g. dismissal, accidents, etc, calculations have to be made as to the value of the likely loss of net income sustained.

In many cases it is necessary to calculate the compensation that is required to place such individual back in the position that he/she would have been had the loss not occurred.  Alternatively, losses can occur in more general situations where as a result of an event, an expected stream of income does not materialise.

The core actuarial technique is to place a present value on uncertain cash flows arising over periods in the future.  Nigel Sloam & Co is well placed to make such evaluations in these circumstances and to prepare expert advice and reports on these.