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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: 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 • Identification and mitigation of threats • A proactive, integrated and consolidated approach
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
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
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
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.
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
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
AGILITY AND DIVERSITY: PREPARING FOR AND MANAGING PEOPLE RISK IN THE FRONTIER LANDSCAPE Simon Gilderson MBE gildersons@scr-ltd.co.uk