How hard lessons strengthen resilience against extreme weather events

article 50

Lessons learned from disasters are as valuable as they are difficult for disaster risk management professionals, making it urgent to use them to better prepare for the possibility of the next big event. Learning what went well and what didn’t is a particularly helpful exercise at a time when businesses, their employees and communities face the growing likelihood that they will be touched by some form of disaster. In fact, the World Economic Forum’s Global Risk Report 2018 ranks extreme weather events as the No. 1 global risk in terms of likelihood and second in terms of impact.

But uncovering what went wrong isn’t enough. Once an honest assessment of how the event was managed has been completed, the lessons that have been revealed must be turned into action.

Relying on years of first-hand experience and extensive research, Zurich has brought to light a number of lessons that can be used to prepare for any sort of calamity in virtually any part of the world. Using its Post-Event Review Capability (PERC) methodology, the insurer is able to illustrate strikingly similar challenges faced by risk managers regardless of where they operate or the particular hazards they face.

More on this topic

Code Green: Business leadership in an environmental risk-dominated world

Read More

Download

Strengthen resilience against extreme weather events (pdf)