Understanding Natural Catastrophe Risk in a Changing Landscape, Hector Plascencia Explains

Natural catastrophes are increasing in both frequency and visibility, but their impact is often not fully understood until it is too late.

In a recent podcast discussion, Hector Plascencia, Senior Vice President, National Practice Leader—Risk Advisory Services at BFL CANADA, shared his perspective on the growing disconnect between identifying risk and truly managing it.

While many organizations recognize exposures such as flooding, wildfire, and hail, fewer have translated these risks into clear business decisions, financial implications, or operational strategies. Organizations that invest early in a structured approach to catastrophe risk management are better positioned to build resilience.