Independent engineers play a critical role in the insurance, law, and banking industries. In each of these fields, independent engineers are relied upon to provide expert evaluations, risk assessments, and other critical services.
In insurance, independent engineers are often called upon to assess damage to insured property and to evaluate the risk associated with insurable assets. They may be called in to investigate accidents or disasters, determine the cause and extent of damage, and estimate repair costs. By providing objective, unbiased evaluations, independent engineers can help insurance companies make more accurate underwriting decisions and help to prevent fraud.
In law, independent engineers are often retained as expert witnesses in litigation cases involving technical issues, such as patent infringement, product liability, and construction defects. They may be asked to provide detailed reports, testify in court, and help attorneys understand complex technical issues.
In banking, independent engineers are used to evaluate the feasibility of construction projects and other large capital investments. They may be called in to evaluate the technical aspects of a project, assess the risk associated with the investment, and provide recommendations to the bank.
Engineers differ from scientists by their mandate to predict future events. New technologies such as blockchain, Web3, Artificial Intelligence, Climate Change, and Machine Learning will require that engineers are deployed who can predict future outcomes based on present performance. The engineering Generalist can provide both the breadth and depth of knowledge to unravel these complex matters for a rapidly changing world.
Overall, independent engineers play a crucial role in providing objective, unbiased evaluations and assessments in a variety of industries, including insurance, law, and banking. Their expertise and knowledge can help to ensure that critical decisions are made based on accurate and reliable information, ultimately benefiting both the companies and the consumers they serve.