Insurance > Services > Natural Hazards Risk Consulting

Natural Hazards Risk Consulting

Many natural hazards (earthquake, flood and wind risks, as well as drought, wildfires and hail) are inevitable, but they’re often predictable. Therefore, businesses can potentially prevent damage or loss. Hazard mapping and analysis are critical for assessing and quantifying your company’s exposure to natural hazards.

Our risk consultants identify and quantify natural catastrophe exposures globally as they relate to your value chain. We help companies limit their exposures to different natural hazards and create emergency procedures to lessen the impacts. With appropriate disaster recovery plans you can limit potential business interruption losses.

How We Can Help You

We provide portfolio risk analysis, cat loss modelling and site risk engineering surveys. This multilevel framework of services can be tailored to your company’s specific needs, available resources and portfolio size, and can be delivered at three levels:

  1. Portfolio analysis:
  • Understand overall Nat Cat exposures
  • Identify and prioritize the most exposed countries and sites
  • Prioritize Nat Cat prevention investments and allocate resources
  • Build awareness of the whole organization and its key stakeholders on the current status
  • Initiate a global and long-term Nat Cat prevention approach within the company
  • Compute loss accumulations and verify the adequacy of insurance limits in most exposed countries

 

  1. Site specific loss assessment
  • Identify vulnerabilities of exposed sites, simulate disaster events and assess potential financial impacts under different scenarios

 

  1. Field surveys
  • Develop a detailed loss prevention and action plan, with investment strategy, for the most critical sites

 

Your Benefits

Our digitalized data collection process means we can map your risks and provide you with an overview of your exposure to natural hazards. We provide you with decision-making tools for risk management and internal risk awareness and communication.