Natural Hazards

What is a natural hazard?

A natural hazard is a natural phenomenon that might have a negative effect on people or the environment. More specifically, the term "natural hazard" refers to all atmospheric, hydrologic, geologic (especially seismic and volcanic), and wildfire phenomena that, because of their location, severity, and frequency, have the potential to affect humans, their structures, or their activities adversely.

When the storm arrives

Severe storms and hurricane seasons seem to be more a new normal than an anomaly. The 2017 Atlantic hurricane season was hyperactive and extremely destructive - Hurricane Harvey was one of the costliest tropical cyclones on record, inflicting at least USD 125 billion in damage. With the 2018 season nearly behind us, we have seen no signs of slowdown.

Even as hurricanes and other potential natural hazards develop around the globe, If is not paralysed when it comes to helping clients. We work hard to warn and inform clients with property locations in areas where major natural disasters take place. Read the article

Wind of change

The rise of renewables is one of the biggest changes in the global energy supply. Transmission capacity and networks play a central role in our future energy system, introducing also new and emerging risks.

Storms, floods, hurricanes, and drought – the effects of the changing climate have been clearly visible all around the world during the past few years. With increasing pressure on the use of fossil fuels, the focus is concentrating more and more on renewable sources of energy.

In Europe, and more specifically in the Nordic countries, there is a quiet energy transition taking place at this very moment. The Nordics are investing massive amounts in infrastructure to be able to increase the production and optimise the transportation of renewable energy. Read the article

Snow load – a challenge for property owners

In the Nordic region, last winter gave us an exceptional amount of snow. Because of this, our clients and customers experienced more snow load-related damages than would normally be expected. Even if an insurance cover provides good economic protection from damage caused by snow load, it is always better to try to avoid such damage.

We need to realise that snow load represents a significant risk that could compromise building structures. In some cases, people may also be severely injured, even fatally, by collapsing buildings or snow sliding off roofs and the like. Read the article

Climate change adaptation – survey in Swedish municipalities

Based on varied survey results, If and several other leading insurance companies in Sweden proposed that all municipalities should analyse how they can be affected by climate change. This proposal became a legal requirement on 1 August 2018.

Most municipalities still have only started with climate change adaptation. Read the article

Management of “The catastrophic claim”

What will happen if you are hit by a major flood, storm or some other severe natural event? What if your clients or your most important suppliers are affected?

During the flood in Thailand, in 2011, large areas of industrial compounds were, more or less, inaccessible. What if your key suppliers are located in such an area? Are you prepared and how will your business be affected?

In what seems to be an evermore deteriorating climate situation, where storms, floods, heavy rains and the like are increasingly frequent, it is well worth spending some time to consider how you may prepare yourself and your business for such a scenario.

Read the whole article

The progress of climate change is inevitable

During the last decade, the increase in weather-related risks, global warming and climate
change have become major issues in public debate and have impacted public decision-making.

Read the whole article

Climate change adaptation

Climate change is expected to have serious impacts on housing and infrastructure.
No Swedish national strategy yet exists to facilitate the planning required to act upon it. The Swedish Geotechnical Institute (SGI) has, therefore, developed an action plan for adaptation of land use and ground constructions in the built environment.

Adaptation to climate change, particularly flood risks, may come to pose large challenges, in the future, and will require cooperation among a range of stakeholders.

Read the whole article

Flood risks management mus be stepped up

Modern finely tuned subcontracting and supply chains are extremely susceptible to disturbance. These cause customers bigger and bigger losses, and often the root cause is weather phenomena. For example, flood damage to a subcontractor may cause serious problems to a company. Read the whole article