Natural Hazards Analysis and Mitigation

Evaluate exposure to external threats and develop effective mitigation strategies

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About Natural Hazard Analysis

Wildfires, hurricanes, tornadoes, and floods can be catastrophic. In 2021, there were 20 billion-dollar natural disasters with losses estimated at $145 billion. As we face challenges such as climate change, urban expansion, and growing populations, natural disaster risks could increase even more.

Awareness and concern for natural hazards has increased significantly in recent years both from internal property risk engineering as well as insurance liability perspectives. Our property risk engineering services regularly help companies identify natural hazard exposures. We work with companies to evaluate their severity and potential impact, develop action plans, and implement cost-effective mitigation strategies at the local site and corporate levels.

We conduct natural hazard reviews and prioritization studies for:

Hail Storms
Tsunamis
Volcano Exposures
Natural Disaster Recovery

What's Involved In a Natural Hazard Analysis

Natural Hazards Analysis Services An effective natural hazard analysis and property risk engineering program is based upon simple, basic data. We collect both primary and secondary building and site data, which can then be imported into hazard modeling programs. Using this collected data, accurate loss potentials can be developed across a portfolio of properties.

We have the capability to go beyond modeling with detailed site-specific analysis by licensed structural engineers specializing in natural hazards risk analysis. Site-specific analysis is essential for primary/critical sites or highly protected risks; contents and/or equipment-intensive facilities; countries where design, construction and inspection practices are weak or more variable; and when accurate property and business interruption loss estimates are needed for important insurance decisions.

RISK REDUCTION PROGRAM FOR SITE-SPECIFIC ANALYSIS:

Utilizes structural engineers specializing in natural hazard risk analysis
Defines the risks and quantifies the damage (PML)
Provides important data to help risk managers make informed decisions regarding acceptable levels of risk, company risk tolerance, insurance coverage an risk reduction priorities and next steps
Performs detailed analysis and develops mitigation recommendations on a prioritized basis
Develops detailed options for strengthening and performs cost-benefit analysis
Retrofit construction plans for risk reduction
Eliminates desk-top-only CAT modeling uncertainties

TÜV SÜD GRC CAN HELP KEEP YOUR COMPANY SAFE

Risk Managers who use TÜV SÜD GRC’s natural hazards specialists to evaluate and mitigate these risks will be better prepared for a natural catastrophe and have lower losses and faster recovery following a disaster.

TÜV SÜD GRC`s engineers are trained in natural hazard analysis and identification, allowing them to gather accurate information regarding critical construction and building envelope elements, as well as site-specific equipment and features. Each assessment will identify key structural and non-structural vulnerabilities and remedial actions needed to minimize the potential property loss and subsequent impact on ongoing operations. Depending on disaster severity, natural hazards losses may fall under the deductible of your insurance program, so risk reduction benefits may directly accrue to your company’s bottom line.