INFORM | PREVENT | RESPOND | INSURE AGILITY AND DIVERSITY: PREPARING FOR AND MANAGING PEOPLE RISK IN THE FRONTIER LANDSCAPE Simon Gilderson MBE.

INFORM | PREVENT | RESPOND | INSURE

AGILITY AND DIVERSITY:PREPARING FOR AND MANAGING PEOPLE

RISK IN THE FRONTIER LANDSCAPE

Simon Gilderson MBE

INFORM | PREVENT | RESPOND | INSURE

The Frontier Landscape

• The World is ‘connected’ and

‘globalised’

• A phrase redolent of European expansion

• Scope:– Risks in a Frontier Landscape

– Identification and mitigation of threats

– A proactive, integrated and consolidated approach

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The Frontier Market

• An economic term rather than a political judgement

• Prospect of enormous gain at the risk of natural and political hazards

• Investable, but have lower market capitalisation and liquidity than developed emerging markets

• A fragile landscape with weak state structures dominated by complexity

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• ‘To understand the economy you have to understand the politics’

• ‘Business diplomacy’ – crucial for success

• Business is ‘a pawn and a prize’ in a landscape dominated by human relationships

• Effective analysis and contextual understanding allows scenario-building and identification of threats

Understanding the Context

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• Insurance alone is not enough: duty of care demands careful preparation

• Prevention measures are informed by contextual understanding and scenario planning

• Plans need to be realistic, have depth and a variety of alternatives to allow agile response

• Plans need to be triggered at the correct time

Prior Planning and Preparation

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• Inadequate planning and rehearsal

• Plans reliant on consular assistance; staff not informed of plans

• Lack of a scenario-based trigger sequence

• Lack of direction and coordination

• A number of perils, natural or political = a complex emergency.

Lessons from the Arab Spring

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• Consolidated people risks insurance

• Integration of Intelligence, Prevention and Response functions

• Proactive pre-crisis analysis and mitigation

• Enhanced liaison

• Deployment and coordination of most suitable best-in-class providers

A Path to Enhanced Response

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• Agility and Diversity: Preparing for and Managing People Risk in the Frontier Landscape

• A consolidated, integrated and pro-active approach:– Identification of threats and opportunities through analysis of the social,

political and economic context; the skill of the diplomat

– Creation of robust mitigation and contingency planning measures to threats

– Agile, coordinated response to natural and political emergencies using most appropriate best-in-class providers

Conclusion

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AGILITY AND DIVERSITY:PREPARING FOR AND MANAGING PEOPLE

RISK IN THE FRONTIER LANDSCAPE

9

Simon Gilderson MBE

[email protected]

INFORM | PREVENT | RESPOND | INSURE