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Recommendations

The modern insurance industry does far more than issue insurance policies

It uses decades of expertise, experience and risk insight to understand an organization’s exposure before applying all the measures— both practical and strategic—that will give your business the best chance of weathering the storm. Seek long-term partnership over short-term cost savings to secure true business resilience.

The risk posed to businesses by extreme weather is evolving rapidly. But by improving their understanding of global weather trends, engineering their operations for resilience, and optimizing their insurance spend, businesses can secure the protection they need today and long into the future. 


Our recommendations include:

  • Consider your whole value chain

    Securing your properties and assets against extreme weather only solves part of the puzzle. Disruption to the suppliers, infrastructure, customers, and communities on which your business depends can be just as damaging to your operations and your bottom line.

  • Refresh your assessment of the risk exposure

    Global weather patterns are changing, and long-held assumptions about the risks to your organization may already be outdated.

  • Take a long-term view of resilience

    Minimizing your insurance coverage to cut costs is a false economy. Instead, taking informed, concrete action to boost resilience—throughout the lifecycle of an asset—can not only minimize the risk, but keep insurance markets open and affordable.

  • Pursue partnership with risk experts

    Insurers and brokers have decades of experience and expertise in managing risks and spend significant amounts on scientific research to understand extreme weather and its impacts. Local and regional officials can also advise on mitigating risks. Tap into this collective expertise and use it to make your organization as resilient as possible.