Centro de Documentacion de Fundación MAPFRE - Master the disaster : why CFOs must initiate natural catastrophe preparedness in 2019 and beyond

Publication: Berkshire : FM Global, 2019Physical description: 12 p.Notes: Sumario: Entrusted to manage their organizations' capital in today's rapidly transforming Industry 4.0 environment, chief financial officers (CFOs) confront competing demands for finite resources across the enterprise. Determining where to allocate capital affects the bottom line. Following recent major weatherrelated property damage and business interruption losses, CFOs must give more attention to better preparing their organizations for similar events in the future, say industry experts.
In this report, we present findings from our analysis of a cross-section of major publicly-traded companies that reported in their 10-K regulatory filings on the effects of Hurricanes Harvey, Irma and Maria in 2017, a record year for weather disasters. The surprising severity of these losses suggests that many CFOs should be allocating more capital to reduce the financial impact of natural disasters, or risk facing volatile balance sheets and other potential consequences of their inactionMateria / lugar / evento: Directores financieros Gestión financiera Empresas Gerencia de riesgos Riesgos naturales Riesgos extraordinarios Reino Unido Otros autores: FM Global
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