Canada’s Top 5 Most Expensive Natural Disasters
Canada lags behind every other G7 nation when it comes to flooding and we must do more to be prepared.
Don Forgeron, President and CEO, Insurance Bureau of Canada (IBC)
Are You Risking the Life of Your Business to a Disaster?
4 Things You Shouldn’t Have to Deal with During a Disaster
Don Forgeron, President and CEO, Insurance Bureau of Canada (IBC)
Each year, Emergency Preparedness Week reminds Canadians how important it is to be prepared for disasters. Yet, despite the fact that some of Canada’s most costly disasters have occurred within the last 7 years, many brokerages still do not have a Business Continuity Plan and would not survive a disaster.
Click the icons below for more information about the disasters.
Severe weather is costing Canadians billions of dollars annually. The record damage reported in 2016 (from the Fort McMurray Wildfire) is part of an upward trend that shows no signs of stopping.
Data Loss
Your management system data is the lifeline of your business. If you were to permanently lose your data, could your brokerage recover?
94%
of companies that suffer from a catastrophic data loss do not survive.
University of Texas
National Archives & Records administration in Washington
of companies that lost their data center for 10 days or more during a disaster, filed for bankruptcy within one year of the disaster.
93%
Physical damage to infrastructure can shutter a business for days, even weeks. Could your business sustain an extended disruption or closure?
Business Disruption
Bob Myhre, State Director,
SBDC Florida Network,
on the impact of 2017 Hurricane Season
"The inability of businesses to communicate with employees was effectively a death sentence."
During a disaster, traditional communication channels may not be available. Could you proactively connect with clients and staff via mobile and social media during and after a disaster?
Communication Breakdown
Thinkjar, 2017
of unhappy customers who are
non-complainers simply leave.
91%
Being there for customers in their time of need is critical for both your clients and your business. Could your brokerage withstand financial and reputational losses due to poor service?
Inability to Serve Customers
Be There When Your Customers Need You Most
For business continuity during a disaster, build your brokerage on a strong digital technology foundation that provides:
24/7 online customer
self-service and support
Offsite data backup in the cloud
Remote, mobile working capabilities
With “always-on” cloud, mobile and online customer self-service technology, your digital brokerage can:
• Safeguard your data assets and operations against
any threat
• Remain operational and continue service to customers
• Proactively communicate with customers and staff
• Access policy and claims information 24/7
• Eliminate downtime that leads to lost revenue
Be there when your customers need you most by becoming a Digital Brokerage with Applied.
January 1998
$1.9 billion
in insurance claims
Quebec Ice Storm
June 2013
$1.72 billion in
insurance claims
Alberta Floods
May 2011
$700 million in insurance claims
Slave Lake Fire
Business Continuity Checklist
Checklist
Becoming a Digital Broker Solutions Brochure
Brochure
7 Steps to Digital Transformation
eBook
Additional Resources
Gordon McBean, Professor Emeritus, University of Western Ontario
We need to do a better job of being ready for disasters. We don’t want to reduce our ability in response and recovery, which is after the disaster happened, but we do want to be more prepared for them.
May 2016
$3.7 billion in
insurance claims
Fort McMurray Wildfire
July 2013
$943 million in insurance claims
Toronto Flood