Corporate risk managers looking to protect their property—and by extension, their organizations' overall financial stability—should consider viewing their facility risks from an engineering perspective, according to one catastrophe-risk expert.
“Many times people look at risks from a 10,000-feet level,” explains Akshay Gupta, director of AIR Worldwide's Catastrophe Risk Engineering practice.
Instead, he suggests, risk managers should take an on-the-ground approach, asking questions such as: When was the facility built? How has it been maintained? What kind of repairs and retrofits have been done?
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