In response to an imminent seismic threat projected for March 2023 in Chile, a prominent global shipping and logistics enterprise engaged Riskey to assess potential market vulnerabilities. Understanding the criticality of safeguarding their operations and infrastructure in a seismic-prone region, our client faced considerable risks concerning their warehouses and physical assets.
Conducting a thorough market risk analysis, Riskey meticulously identified vulnerabilities and provided strategic recommendations. Guided by these insights, the client took proactive measures, relocating their warehouse to a more secure location and fortifying assets in high-risk zones. The outcome was a successful negotiation for reduced insurance premiums, resulting in savings of 500,000 Euros.
This proactive approach not only positioned the client for enhanced preparedness in the event of a seismic disaster but also holds the potential to mitigate damages, potentially saving up to 5 million Euros, and concurrently enabling an insurance payout of 10 million Euros.
The collaborative effort between Riskey and the client exemplifies a successful partnership in risk management, empowering the client to make informed decisions that fortify their resilience against potential adversities.
“Within every disaster lies an opportunity to refresh, re-innovate, and re-collect strength.”
