Property Damage (Natural Hazard)


  • Risk assessment covers all property hazards caused by natural calamities, and can include consequential loss (Business Interruption - BI).
  • Natural Hazard risk assessment is often done in combination with Property Loss Fire assessment.
  • Assessment of all commercial/industrial property including single or multiple plants/locations.
  • Service extension to cover suppliers, customers, public or private infrastructure, or other dependent locations and services.
  • On-site service around the globe (excluding active war zones or areas where government travel restrictions are in effect).
  • On request: desktop assessments based on available information.
  • Notification of significant risk exposures requiring immediate attention, even if not included in the scope.



A concise and comprehensive Risk Assessment Report comprising:

  • description of risk
  • the assessment of all relevant risk factors commonly used in the insurance and reinsurance industry or based on customized definitions
  • clear and well defined loss scenarios (e.g., EML/PML; MFL; MPL) 
  • appraisal of existing protection systems intended to prevent or limit damage associated with natural hazards
  • cost-effective measures that should be considered to prevent or reduce property damage associated with natural hazards

Benefits for Risk Management: 

  • Clear, specific information for executive and line management about loss potentials and options for responding.
  • Independent assessments capitalizing on all available insurance / re-insurance and broker resources.
  • Optimizing terms and conditions for insurance solutions.
  • Ensuring long-term commitment and ongoing availability of risk engineering services.
  • Flexibility to switch insurance markets without losing high quality risk engineering support.
  • Opportunities for improving emergency response preparedness.
  • Fact base for developing business cases and budgets for loss prevention and mitigation efforts.
  • Fully supports captive insurance company arrangements and/or in-house brokers.

Benefits for Line Management: 

  • Ongoing partnership with dedicated, knowledgeable experts.
  • Consistent approach based on agreed methods / frameworks.
  • Ready availability with local staff used wherever possible.
  • Defining and prioritizing capital expenditure budget(s) for Corporate Risk Management.
  • Active involvement in preparing emergency response plan(s).
  • Ongoing support during planning, construction, testing and certification of relevant safety features, e.g., fire suppression systems.

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