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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
INFORM | PREVENT | RESPOND | INSURE
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
INFORM | PREVENT | RESPOND | INSURE
• ‘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
INFORM | PREVENT | RESPOND | INSURE
• 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
INFORM | PREVENT | RESPOND | INSURE
• 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
INFORM | PREVENT | RESPOND | INSURE
• 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
INFORM | PREVENT | RESPOND | INSURE
• 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
INFORM | PREVENT | RESPOND | INSURE
AGILITY AND DIVERSITY:PREPARING FOR AND MANAGING PEOPLE
RISK IN THE FRONTIER LANDSCAPE
9
Simon Gilderson MBE
INFORM | PREVENT | RESPOND | INSURE
