Over Forty Years of Natural Hazards Experience
Peter Yanev has personally led over 50 on-site investigations immediately after natural disasters to analyze their effects on businesses and people. His team, including his sons Alex and Andrew, have conducted in-depth examinations of over 70 other earthquake, hurricane, and flood disasters on all continents over the last 40 years.
Our first-hand knowledge enables us to help clients identify their most pressing risks, mitigate them with emergency planning, eliminate them in planning new facilities, or transfer risk using insurance. Consequently we are the industry leader in evaluating complex risks and developing strategies to manage them.
Our experience covers all types of industries, including:
- Most Fortune 500 companies
- Power generation and distribution
- Energy (oil and gas)
- Forest products
- Auto manufacturers
- High-tech manufacturing
- Financial institutions
- REITS and property developers
- Insurers, reinsurers, and insurance brokers
- All types of public and private infrastructure
We understand the shortcomings of traditional risk management. There is widespread misuse and misunderstanding of catastrophe (CAT) models, which are insurance-portfolio tools that are not appropriate for measuring or managing risk for individual companies. Mr. Yanev was a pioneer in creating risk modeling – he co-founded EQECAT, one of the three major catastrophe modeling firms – and clearly understands the limitations and proper role of that technology. While progressive when originally created, these models are now frequently misused, giving clients misleading results. This is especially true for complex industrial and commercial risks. Using CAT models properly requires a level of technical expertise that few users have, especially in the insurance industry.