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In the period 2000 to 2019, there were 7,348 major recorded disaster events claiming 1.23 Floods and storms were the most prevalent events.”. The report “The Human Cost of Disasters 2000-2019” also records major increases in other categories including drought, wildfires , and extreme temperature events.
According to research conducted by Verdantix , “more than half of organizations have less than $1 million to respond to catastrophic events, and 41% of participants stated that they had no budget at all for catastrophic events” (Navigating Climate Threats and Proactive Mechanisms to Achieve Business Climate Resilience, November 2022).
Our comprehensive traveler assistance service is designed to address any event that could impact the health, safety, or wellbeing of a corporate traveler. We pull all this information together and provide a recommendation on the appropriate level of security for that individual. For one, not all security is provided in an overt manner.
It’s a challenging time for all of us. We anticipate most companies will spend more resources monitoring emerging events in order to prevent or mitigate damages—examining secondary and tertiary areas of impact due to the rising complexity they are encountering. 24x7 Operation Center creation and expansion.
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