FM Global calls on private sector to reduce risks - Interview

Louis Gritzo, vice president and manager of research for FM Global talked to GEM Foundation. Gritzo said the science-based information is the key to unlocking the progression of physical phenomena that lead to disasters and hence provides insight into the best opportunities to reduce losses.

According to the interview, Gritzo said that regardless of how much is known before a disaster or is studied afterwards, the details remain locked in the physical phenomena that produced the hazard, which can, at best, only be measured in a limited sense. The main opportunity to reduce disasters is built on lessons from events and models through parallel paths of improving knowledge, communicating the knowledge, and probing the details for the most cost effective, practical means of disaster reduction and then putting them into practice.