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