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ARTICLE · 04 JULY 2024

Safeguarding Your Organization: Effective Strategies For Windstorm Risk Management

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Windstorms, intensified by climate change, cause significant global damage, highlighting the need for businesses to meticulously measure and manage their risk. Utilizing catastrophe modeling tools and insurance strategies, organizations can mitigate financial losses effectively.

United KingdomEnvironment
Katie Latham
Katie Latham
Aimee Colgate
Aimee Colgate
Daniel Bannister
Daniel Bannister

Fierce windstorms continue to impact organizations globally, highlighting the crucial need for businesses to measure risk meticulously. By doing so, they can implement effective strategies to mitigate their risk exposures.

Windstorms are set to cause huge damage once again in 2024. February's Tropical Cyclone Djoungou 1, with windspeeds exceeding 135mph in the Indian Ocean, largely missed major land masses, but other systems have proved more deadly.

In January, Tropical Storm Alvaro 2 killed 12 people in Madagascar, and there were further fatalities in Reunion and Mauritius from Tropical Cyclone Belal3.

In the Northen Hemisphere, the 2023/2024 European winter windstorm season got off to an active start with storms Babet, Ciarán, and Henk causing widespread damage4, while forecasters also warn the 2024 North Atlantic hurricane season is set to be extremely active5.

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