Developing an effective flood resilience strategy

Tuesday, 7 July, 2020

Sedgwick have been leading the Loss Adjusting industry with our approach to flood resilience. As part of the Steering Committee for the newly released Resilience Code of Practice, we have been helping define the right process for implementing a Flood Resilient Strategy. Only by clients fully assessing the flood risk to their property portfolio, can a flood resilience strategy be developed, investing in resilience where it is cost-effective. We will outline the stages that need to be followed to take this strategy forward, reviewing a case study where a business is currently investing in resilience following a flood incident, in conjunction with their insurers.

The session will cover

  • Understanding flood risk, identifying buildings in high flood risk zones
  • Surveying properties to assess physical and business resilience
  • Considering a resilience strategy in terms of Loss prevention or Loss reduction
  • Providing recommendations in terms of physical resilience / business resilience
  • Assessing the value of resilience at property level
  • Specifying and installing of flood resilience measures
  • Options for flood warnings and business continuity plans

Learning Objectives

  • Understand the importance of flood resilience in a time of increased flood risk
  • Provide an overview of the process for considering a flood resilience strategy
  • Gain a better understanding of what flood resilience means in practice

Learning Outcomes

  • Risk Manager to be armed with the knowledge and confidence to be able to discuss the concept of creating a flood resilience strategy and understand the next steps to take

Speakers:

  • Ian Gibbs – National Technical Manager - Sedgwick
  • Dr. Bev Adams - Consulting Director, Head of Catastrophe Resilience and Visual Intelligence - Marsh
Video: 
Grouping title: 
Flood resilience