La Niña Briefing Paper: Risk Management and Mitigation
Our last La Niña season caused major devastation, driven in large part by the widespread floods (2011) and Tropical Cyclone Yasi (2011), which resulted in insured losses of more than $1.5bn in Brisbane and other parts of Queensland.1
The significant risk of property damage and business interruption during this summer means now is the time to understand your flood and cyclone exposures, assess your preparedness for natural hazards and take measures to mitigate risks.
On Thursday 12th November 2020, Marsh’s leading experts in Natural Catastrophe Risk and Resilience, alongside a special guest speaker from Australian insurer, Vero, hosted an interactive webinar for clients.
In this Brief, we share a summary of the insightful and lively conversation, including:
- How a La Niña is likely to influence weather events and which areas might be affected;
- Insurance lessons learnt from previous La Niña events; and
- How organisations can prepare for adverse weather events associated with a La Niña before it’s too late.
To download the complete Brief, please fill out the form.
1. Insurance News, ‘Shift towards flood-inducing La Nina continues’, 15 September, 2020 https://www.insurancenews.com.au/daily/shift-towards-flood-inducing-la-nina-continues
These materials are not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained in the materials is based on sources we believe reliable but we make no representation or warranty to its accuracy.
Any modelling, analytics or projections are subject to inherent uncertainty, and may be materially affected if any underlying assumptions, conditions, information or factors are inaccurate or incomplete or should change. Except as may be set out in an agreement between you and Marsh, Marsh is not required to update the information and shall have no liability to you or any other party arising out of the information.