Claim types The next two graphs provide a further breakdown of the types of insured losses that have led to the increased claims activity since 2016. Claim types are show by volume and quantum.
Figure 6: Solar claims by type
Vermin
Vehicular
Transit
Storm
Software Failure
Mechanical Breakdown
Flood
Fire
Electrical Failure
Defective Design
Contractor Error
0%
10% 20% 30% 40% 50% 60% 70% 80%
% of Amount Incurred
% of Number of Claims
Figure 7: Wind claims by type
Cargo Damage Contractor Error Course Of Construction Defective Design Electrical Failure Employers Liability Fire Flood Gear Box Failure Lightning Mechanical Breakdown Other Theft
0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50%
% of Amount Incurred
% of Number of Claims
7
* Source: GCube
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