'A Brave new World'

In our new infographic, we explore the impact of events such as Hurricane Harvey:

Power of Harvey

  • 20 Trillion Gallons of rain fall in Houston- enough water to supply NYC for 50 years.
  • Harris County, Texas was drenched in over 4.5 trillion litres of water in 100 hours – enough rainfall to cover an eight-year old child.
  • Estimated cost of Harvey for insurers is $150 million.
  • Harvey was the 3rd “500-year” storm to strike Houston since 1979.

GDPR in 3 points

  • Right to be Forgotten – Customers can ask insurers to delete their personal data, where it is no longer required for its original purpose, or where they have withdrawn consent.
  • Guaranteed Data Portability – Customers can request their personal data to be transferred from you to a competitor.
  • Data Breach- If company has data breach, they have 72 hours to report it. Fines for non-compliance with GDPR can be as heavy as 4% of global annual turnover.

Reputation Damage

  • The Equifax breach, the US credit rating firm could affect the personal data of up to 143 million US Customers and 400,000 Britons.

IRMA’s bill

  • Rebuilding the ruins in Caribbean (including Puerto Rico) after IRMA will cost $13bn.

Changing Climate?

  • According to UN figures, in the 20 years to 2015, storms and floods caused $1.7trn of destruction.
  • WHO estimates that in real terms, the global cost of hurricanes is rising by 6% a year.
  • According to Munich Re, the number of weather-related disasters have increased from about 200 in 1980 to over 600 last year.

America all at Sea

  • One in 12 Americans lives in a home that can expect a 1% in any given year.
  • 15% of Manhattan and 40% of Miami are in flood-risk zones.
  • Southern Florida can is vulnerable to category three hurricane (winds speeds of 176km per hour) every five years.

To view the infographic in full, please click below: 

Post Date: 27/09/2017

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