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AGILITY AND DIVERSITY:

AGILITY AND DIVERSITY:. PREPARING FOR AND MANAGING PEOPLE RISK IN THE FRONTIER LANDSCAPE. Simon Gilderson MBE. The Frontier Landscape. The World is ‘connected’ and ‘globalised’ A phrase redolent of European expansion Scope: Risks in a Frontier Landscape

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AGILITY AND DIVERSITY:

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  1. AGILITY AND DIVERSITY: PREPARING FOR AND MANAGING PEOPLE RISK IN THE FRONTIER LANDSCAPE Simon Gilderson MBE

  2. 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

  3. 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

  4. Understanding the Context ‘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

  5. Prior Planning and Preparation 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

  6. Lessons from the Arab Spring 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.

  7. A Path to Enhanced Response 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

  8. Conclusion • 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

  9. AGILITY AND DIVERSITY: PREPARING FOR AND MANAGING PEOPLE RISK IN THE FRONTIER LANDSCAPE Simon Gilderson MBE gildersons@scr-ltd.co.uk

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