Lessons Learned in Floods: Enhancing flood resilience
Extreme weather events have led to high insured losses for corporations this year, underpinning an increasing risk that is unfolding on every continent. Climate change, urban development, and wealth accumulation in disaster-prone areas are key factors at play.
Of the USD 280 billion economic losses from natural catastrophes last year, floods made up USD 82 billion and is considered a growing and underestimated risk. Earlier in Q1 this year, torrential rains that led to widespread flooding in Australia are estimated to be USD 4 billion. Extreme weather events, such as the recent flooding in South Africa, Italy and Pakistan, are becoming more severe due to climate change. We are already seeing this with greater rainfall in Spain, Brazil and Malaysia.
With flood losses affecting almost one third of the world’s population, and increasing in frequency and severity across the globe, we have put together this publication to help companies like yours enhance your flood resilience.
What you'll find in this publication
- 3 real life case studies from across the global showing:
- The impacts of flooding
- Key learnings
- Future risk mitigation measures that can help businesses to minimise losses
- How to create a Flood Emergency Response Plan (FERP)
- Considerations for organisations in locations susceptible to repeat flooding
This 'Lessons Learned in Floods' publication was developed in collaboration with Crawford & Company. Thank you to the contributors for sharing their insights.
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Contacts
Simon Van Maanen
Adrian Lee
Set Petriz
