The CIR
Services Guide is the definitive guide to services for the business
continuity, insurance or risk manager. This comprehensive guide
profiles diverse business categories which are crucial to the management
of corporate risk from alternative risk financing to weather risk
management.
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are two types of search facility on this site. A keyword search facility
using the box in the top-left corner of this site, and a full comprehensive
directory listings via the drop down menus above.
The
upside of uncertainty
Today’s successful organisations are those that take
an intelligent approach to managing risk, and while there has always
been a need for risk management, its value has never been quite so
apparent as it now is. Doing business in formerly ‘foreign’
markets has led suppliers and consultants to devise and hone innovative
approaches to managing risk; the natural disasters that have occurred
over the last 12 months have forced a closer look at the ways in which
we respond to emergencies and downtime.
In the UK, floods in Yorkshire, aborted terrorist attacks in London
and Glasgow, even worse floods in South West England followed by an
outbreak of foot and mouth have kept government committee COBRA practically
in permanent session. This series of events add yet further weight
to the risk message. And, whatever your view on the new British Standard
for business continuity, it does appear to have given fresh impetus
to the business continuity message. The popular BS25999 provides a
structure against which companies interested in reducing their operational
risk exposure can measure their plans and progress. This progress
is essential, as approaches to business continuity and risk management
must evolve with the challenges they are designed to face –
indeed, embracing this will be a major factor in the success or failure
on the part of businesses to continue operating under the modern challenging
circumstance. Technology continues to help and hinder. Companies are
increasingly reliant upon highly complex, highly interdependent layers
of critical infrastructure. At least in insurance, supply exceeds
demand and soft market conditions are once more a reality.
The year 2008 should even bring about some clarity for buyers of insurance,
with the publication of AIRMIC’s (The Association of Insurance
and Risk Managers) Claims Performance Index. The issue of insurers’
willingness to pay claims rather than their ability to do so sparked
the dialogue in 2007 that will eventually help businesses to get going
again quickly in the event of a loss. But good business is not just
about staying in business; it’s about evolving and developing,
even taking risks, and being able to respond effectively to the challenges
thrown in your path. This guide brings together all the tools you
will need for that continuous but rewarding task.
CIR: Defining tomorrow’s risk solutions
