Claims Insights Podcast: Battling Floods

Hosted by Marc Scheidegger, Chief Claims Officer of Swiss Re Corporate Solutions, episode 2 of the podcast focuses on the topic of flood risks and the lessons learned from using real loss examples. In this episode on "Battling Floods - An Underestimated Risk', Marc is joined by Crawford & Company's Mark Adderley, as well as Swiss Re experts Robert Hunziker, Philip Brandl and Jon Jones.

Widespread flooding in Australia in February and March caused by the torrential rains are currently estimated to be USD 4 billion - the country's costliest-ever natural catastrophe. Beyond the Australian floods, we have seen headlines of "floods in Portugal, Spain, Italy and Croatia in September", "South Africa floods killing more than 300", "extreme weather hitting China with massive floods and scorching heat", "deadly flooding in parts of Brazil", and more in the news.

The impact of flooding events, its increasing frequency and unpredictability beyond outdated flood maps, are not allowing companies to properly prepare. What trends are observed on flooding events? How have floods impacted businesses, and how can these businesses enhance their flood resilience? What role can data and technology play in the process?    

Tune in to the podcast for more.

In this podcast:
00:00 to 01:50: Introduction
01:51 to 04:00: Observations of the frequency and intensity of flood events, and what these events have in common
04:01 to 07:14: Trends observed for floods, and the impact that inflation has on flood claims
07:15 to 10:11: The impact of floods on businesses, and the pain points and challenges faced by customers
10:12 to 14:17: Flood mitigation - How businesses can enhance their flood resilience, measures they can put in place, as well as key considerations
14:18 to 16:27: The economics behind resilience
16:28 to 21:34: The role of data, analytics and technology in helping businesses build flood resilience
21:35 to 22:28: Closing

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