Risk Management is Good Management Presentation by Mansoor Ali Khan Head Risk Management
Jan 19, 2016
Risk Management is Good Management
Presentation by Mansoor Ali Khan
Head Risk Management
Presentation Summary
Risk Management Workshop - Jan 2010
• Nature and Type of Risks in the Non-life sector • Risk Identification Methodology • Assessment of Risk • Current RM Practices in Non-life Industry (What we do) • What should we be doing? • Comparison of Industrial Practices • How can we assist Insured in areas of people safety & processes?
• Security measures and use of technology
• Focus will be on Fire / Property and Engineering risks
• Industrial Projects, Power Plants, Refinery, Fertilizer and
Cement Plants
Risk Management Workshop - Jan 2010
Nature & Type of Risks in the Non-life sector
• Industry Knowledge & Experience
• Knowledge & Experience of Processes
• Discussion with management & personnel
• Walk around of Installation
• Objective / Technical Observations
Risk Management Workshop - Jan 2010
Risk Identification Methodology
• Descriptive Report
• Photographs & Video of premises
• Practical, doable and affordable recommendations
• Assistance to Insured
• Follow-up & Review
Risk Management Workshop - Jan 2010
Assessment of Risk
• Current RM Practices in Non-life Industry
• Own
• Outsource (Local Surveyors)
• Bring in expat specialist surveyors
• Brokers
Risk Management Workshop - Jan 2010
What we do?
• Structure of RM
• Adequate & Trained H.R.
• Training & Development opportunities
• Exposure to expat risk manager practices
Risk Management Workshop - Jan 2010
What should we be doing?
• Comparison of Industrial Practices
• Safe and unsafe practices and arrangements
Risk Management Workshop - Jan 2010
Pictures
Risk Management Workshop - Jan 2010
Access to Fire Equipments
DifficultAccessible
Risk Management Workshop - Jan 2010
Storage Condition
Risk Management Workshop - Jan 2010
Storage Condition
Risk Management Workshop - Jan 2010
Housekeeping
Good Poor
Risk Management Workshop - Jan 2010
Safety Awareness
Risk Management Workshop - Jan 2010
Unsafe wiring
Risk Management Workshop - Jan 2010
Familiar Sight
Risk Management Workshop - Jan 2010
Unsafe / dangerous electrical wiring
Risk Management Workshop - Jan 2010
Vintage Fire Tender
Waiting to catch Fire
Risk Management Workshop - Jan 2010
• How can we assist Insured in areas of people safety & processes?
• What steps taken to reduce risks
• What risk should be retained?
• How much risk should be transferred?
Risk Management Workshop - Jan 2010
How can we assist Insured?
• Risk Selection (Good / Poor risk)
• Loss Experience (Frequency / Severity)
• Judgment from risk identification
Risk Management Workshop - Jan 2010
RM for Insurers
State of affairs
Risk Management Workshop - Jan 2010
Security
• Security • It’s a totally changed environment• Guards and fences – don’t work anymore• Technology does • CCTVs, Metal detectors, bomb blankets.• Employee and Visitor access • Restricted access • Document and electronic security
Risk Management Workshop - Jan 2010
Security
Risk Management Workshop - Jan 2010Access Control Systems Metal Detector
Security
Risk Management Workshop - Jan 2010
Thank you Questions are now welcome