All lines of business
Line of business · Property damage
Property damage: high sums, co-insurance and loss adjusting under control
Property damage moves high sums insured, risks shared in co-insurance, and claims that go through loss adjusting. Hermes administers these property risks with the detail they demand: premium breakdown by insurer, co-insurance management and a claims flow ready for appraisal and technical reserves.
What you can underwrite
- Fire & property risksDamage to corporate and industrial assets.
- All-risks property damage (PD)Broad cover over the insured assets.
- Construction & erection (CAR/EAR)Construction works and machinery installation.
- Machinery & equipment breakdownDamage and breakdown of industrial equipment.
How Hermes manages it
- High sums & sub-limitsManagement of high sums insured with sub-limits and deductibles per cover.
- Co-insuranceBreakdown of share and premium by insurer, with the shared operation controlled in a single policy.
- Facultative reinsuranceFacultative cession for risks beyond your capacity, with bordereaux and statements.
- Claims with adjustingA BPM flow with appraisal, technical reserves, partial payments and recoveries.
- Complex-risk underwritingTechnical questionnaires and authorisations by capital threshold.
- Technical documentationWordings and certificates generated per product and phase.
Why Hermes for Property damage
Native co-insurance
The breakdown by insurer is part of the model, not a later accounting workaround.
Capacity & reinsurance
Cede facultative what exceeds your appetite, with the traceability your reinsurer asks for.
Technical claims
Appraisal, reserves and partial payments in an orderly flow.
Frequently asked questions
- Does it manage co-insurance operations?
- Yes, with breakdown of share and premium by insurer within a single policy.
- Can I cede risks facultatively?
- Yes. Hermes manages facultative reinsurance with associated bordereaux and statements.
- Does the claims flow include loss adjusting?
- Yes, with appraisal, technical reserves and partial payments in the BPM flow.