Natural catastrophe preparedness
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Material Information

Title:
Natural catastrophe preparedness what the risk manager needs to know
Series Title:
On the Mind of the Risk Manager
Creator:
Allianz Global Corporate & Specialty
Disaster Risk Reduction Program, Florida International University (DRR/FIU) ( summary contributor )
Publisher:
Allianz Global Corporate & Specialty
Publication Date:
Copyright Date:
2010
Language:
English

Subjects

Subjects / Keywords:
Risk management ( lcshac )
Natural hazards and disasters ( lcshac )
Emergency management ( lcshac )
Genre:
non-fiction ( marcgt )

Notes

Summary:
This white paper is written for corporate officials tasked with ensuring disaster preparedness for their companies. The recommendations are presented in a series of three steps, ranging from the preparation stage to recommended post-event measures. The preparation step consists of risk analysis. Risk managers must assess all potential catastrophes faced by their company, some of which appear in the list at the beginning of this section. The hazards must then be prioritized according to the intensity of the catastrophe’s potential impact on the company. This classification facilitates decision-making with regard to the most critical structural design constraints and retrofitting that will enhance the safety of the work environment and satisfy the location’s building code. The second step is the event preparation. The authors recommend the establishment of an emergency response plan that explicitly details measures that must be taken before, during, and after the event. Additional recommendations include systematically gathering data on each hazard, employee training, and periodic inspections to ensure that emergency measures are properly implemented. The third step focuses on actions intended to facilitate the company’s recovery from the event. Some of these actions should actually be taken prior to an event. They are presented in step 3 because their implementation occurs post-event. Examples include securing arrangements with third parties that provide repair services, as well as any arrangements that will enable the company to serve its customers while it is enmeshed in the restoration process. The paper recommends that those responsible for corporate disaster risk management consult with their company’s insurer. Insurers’ focus on risk management requires that they be aware of advances in techniques and analytical tools designed to minimize risk and improve preparedness. Thus, a company’s insurer can serve as a critical resource for its risk manager. ( English )
Subject:
Disaster Preparedness ( English )
Citation/Reference:
(2010). Natural catastrophe preparedness: what the risk manager needs to know. Allianz Global Corporate & Specialty® Americas.

Record Information

Source Institution:
Florida International University
Rights Management:
Refer to main document/publisher for use rights.
Resource Identifier:
FI13042465

dpSobek Membership

Aggregations:
Disaster Risk Reduction