As extreme weather events have increased in frequency and magnitude, the need to be prepared in the event of a disaster is more pressing than ever. 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 extreme weather. In fact, the World Economic Forum's Global Risk Report 2018 ranks extreme weather events as the number one global risk in terms of likelihood and second in terms of impact.

Lessons learned

A new report from Zurich Insurance highlights lessons learned from a dozen global weather events. Among other findings, Zurich's analysis found that corporate risk managers face similar challenges regardless of where they operate or the particular hazards they face. While the 12 post-event review capability (PERC) studies carried out by Zurich focused on flood events holistically, the methodology is applicable to other hazards or focus points and the lessons learned can apply to any organization with an interest in strengthening its disaster risk management approach. With the 2018 hurricane season underway, check out these 5 key findings from Zurich on how to be resilient when extreme weather approaches. Related: Claims management equals risk management

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].

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