As Hurricane Ian strengthened in September 2022, a global financial institution needed to access real-time insight on the potential impacts to its property, people and assets in North America. With hundreds of locations at risk, the organization, its business leaders and risk managers needed to track the exposure of its assets and coordinate effective mitigation efforts.
The stakes were high, as the storm's intensity and unpredictable path threatened substantial financial and operational losses.
The organization overcame these challenges by accessing real-time insights and actionable data from Global Peril Diagnostic (GPD) enabling it to:
By using GPD, the organization safeguarded its assets at a critical time, significantly reducing potential losses and overall impact of the storm on assets and operations.
After the event, the organization used the platform to assess the damage and define the next steps to improving future resilience. The business leads were able to prioritize exposed assets and, with the data from GPD, enhance follow-up actions with well informed decision support. This efficiency ensured a faster recovery and more rapid return to normal operations.
We’re now helping the organization get a better understanding of how to optimize its current risk and insurance approach.
We continue to support the organization's understanding of impact zones and the affect the hurricane season imposes on its operations, people and assets.
Request a demo of our GPD tool or speak to one of our actuarial specialists today to take more control of your assets during hurricane season and beyond.
WTW hopes you found the general information provided here informative and helpful. The information contained herein is not intended to constitute legal or other professional advice and should not be relied upon in lieu of consultation with your own legal advisors. In the event you would like more information regarding your insurance coverage, please do not hesitate to reach out to us. In North America, WTW offers insurance products through licensed entities, including Willis Towers Watson Northeast, Inc. (in the United States) and Willis Canada Inc. (in Canada).
