• To learn more about the risks, engage with qualified meteorological and engineering experts with the goals of:
1. Understanding the frequency and intensity of cyclones and related natural risks to the project
2. Determining how local site conditions may increase or decrease such risks to the project
3. Learning about recent and/or nearby events that can provide real-life context to the risks and impacts
4. Supervising design, construction and maintenance from a wind risk perspective
5. Understanding and adapting proper mitigation strategies based on the current state-of-science
6. Conducting cost/benefit studies to evaluate and prioritize mitigation, insurance, and resilience
7. Interviewing local staff and residents having local experience with any aspect of risks to your project
• Experts can provide significant value to your project since the risk is significant. During the design and construction plan review phases, wind engineers will review the latest available literature and data to confirm that your project is exposed to the dangers of cyclone winds, and propose mitigation measures to protect your assets. Experts can also review recent historical events that have affected your region and how nearby buildings have performed under elevated wind conditions. With this prior knowledge, your project managers can evaluate mitigation and risk transfer options before construction begins.
• After construction is complete, wind experts can evaluate all scientific literature that has been published since construction began to determine if the risk is even higher than previously suspected and also suggest additional steps to increase resilience. Regardless of whether the risk has changed, experts can propose long-term mitigation strategies, methods of disaster preparedness and response, and the value of insurance given the expected risk levels. In the event wind risk has increased, the expense of hiring the expert will be justified by drawing attention to potential future losses and accounting for those risks before an event produces damage. Experts can also be engaged to evaluate all risk transfer options (including individual insurance policies, pooled risk programs, bonds, etc.) and present them to your finance team to inform the best possible decision for long-term risk management.