Thailand, Vietnam, and Cambodia are experiencing the worst flooding in decades after prolonged periods of unusually heavy rain in recent weeks.  The death toll is rising, with severe damage to commercial, residential, and agricultural property. 

A natural disaster can have a devastating effect on an organization's people, finances, operations, or reputation.  Companies that operate in the affected areas should assess their exposures, and review their business continuity management (BCM) plans and insurance policies.

Global supply chains are also vulnerable to a supply chain disruption risk like a natural disaster. A proper global supply chain risk management program is important for businesses with long, complex and/or global supply chains, as well as companies dependent on third-party relationships.

Flood cover is a typical extension offered on property insurance policies in Thailand, Vietnam, and Cambodia. 

Early estimates of the economic cost have begun to arrive, and claims to date have been related to property damage and business interruption. 

Marsh’s local dedicated claims teams and client executives have been mobilized to support clients in their business recovery.  The local teams are supported by our regional and international claims teams, including a team of specialists for large or complex claims.  Marsh is also working closely with international and local adjusters to coordinate the response for our clients.