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Flooding: BI Issues SIG BI Conference 29 October 2007 Damian Glynn BA(Hons) FCA FCILA FUEDI ELAE

Flooding: BI Issues SIG BI Conference 29 October 2007 Damian Glynn BA(Hons) FCA FCILA FUEDI ELAE. BI Flooding: Overview. Operative Peril Premises Quantum Denial of Access Loss of Attraction Insufficient water. BI Flooding: Operative Peril. Flood Storm Escape of water.

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Flooding: BI Issues SIG BI Conference 29 October 2007 Damian Glynn BA(Hons) FCA FCILA FUEDI ELAE

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  1. Flooding: BI Issues SIG BI Conference 29 October 2007 Damian Glynn BA(Hons) FCA FCILA FUEDI ELAE

  2. BI Flooding: Overview • Operative Peril • Premises • Quantum • Denial of Access • Loss of Attraction • Insufficient water

  3. BI Flooding: Operative Peril • Flood • Storm • Escape of water

  4. BI Flooding: Premises • Shopping Centres • Multi tenanted office buildings • Vicinity

  5. BI Flooding: Quantum • BI losses flowing from Damage • Downturn due to general damage • Trend analysis • Soft furnishings • Pumping Equipment • Alternative trading/transfer of business

  6. BI Flooding: Denial of Access • Physical hindrance/denial not disinclination • Denial to Insured’s Premises • Damage: Repair/Temporary Impairment • Definition of vicinity • Need for Property damaged to be Insured • Time limits/franchises

  7. BI Flooding: Loss of Attraction • Meadowhall • Definition of Premises • Interface with Denial of Access/general area damage

  8. BI Flooding: Insufficient water • Terminal Ends failure/Generating station • Damage at Severn Trent Tewkesbury • Business closures due to lack of water • Trends – bigger slices/smaller cakes

  9. BI Flooding • Feedback on SIG note • General comments

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