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

BI Flooding: Premises Shopping Centres Multi tenanted office buildings Vicinity

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

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

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

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

BI Flooding Feedback on SIG note General comments