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Volume 30, Issue 1

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Wednesday, 08 May 2013 15:02

Companies don't have adequate mitigation plans for natural catastrophes: survey

While companies recognize potential risks posed by natural catastrophes, many have insufficient mitigation plans in place, according to global survey results from Zurich Insurance Group.

There is a widespread perception that natural catastrophes are becoming not only more frequent, but more severe. Companies are assigning adequate importance to assessing and mitigating the associated risks, the research confirmed.

The study, Natural catastrophes: business risks and preparedness, which polled 170 executives from medium and large companies around the world, was conducted in January by the Economist Intelligence Unit and sponsored by Zurich.