3 Phases of Hurricane Risk Management
As the peak of the 2021 Atlantic hurricane season approaches, brokers are working to make sure clients are adequately prepared and protected from potentially significant related catastrophe risks.
Brokers now have access to technology-based solutions that can improve hurricane readiness, response and recovery. Given the substantial risks hurricanes represent to clients in all industries, as well as government entities and organizations, brokers should aim for a basic understanding of how to leverage this technology so it will deliver the most value to clients.
This article discusses 10 best practices for brokers to help their clients maximize their use of new technology-based solutions to support each of the three phases of their hurricane risk management: planning, event monitoring, and response/recovery.
Learning about how the storm track is evolving or changing doesn’t help on its own. Instead, you make sure clients stay focused on a few critical pieces of information, such as wind speed and flooding probability maps that can help them understand and quantify their potential exposures in ways that enable them to take appropriate actions.
– Eduardo Hernandez | Co-Founder & Head of Business Development, EigenRisk
