Replies

  • Liz Taylor January 5, 2011 13:22

    Hi David,

    Thanks for your response. The solar storms are predicted to interfere with anything electronic - so I can leave that to your imagination.

    I'm working with a group of London Based Risk Management Practitioners on the London issues. The Institute of Risk Management has agreed to post a survey to their membership to see if we can provide some better intelligence on this, including some figures and facts. At the moment, it looks as if it's going to be a tough time for all public bodies as well as private sector organisations - big risks, but also big opportunities.

    More to follow in due course, but in the meantime, if anyone has any comments, that would be great.

    Regards,

    Liz

     

    David G Wilson said:

    Liz

    Interesting presentation and I think that firms must really extend their horizon...but not merely as far as timeline or "major events" are concerned! Have you worked with specific figures?

    I would have thought it is a more robust approach for Risk Managers to advocate a strategy that focuses upon something tangible and measurable, like building operational resilience, rather than losses related to such a narrow range of, albeit significant, events and scenarios.

     

    As far as solar storms are concerned I would recommend Factor 30 or higher! It won't save you but, if its the end of the World, all you'll have spent is about a fiver. 

     

    I hope I'm not missing some terribly obvious point here!

    Best

     

    David

  • David G Wilson January 4, 2011 16:08

    Liz

    Interesting presentation and I think that firms must really extend their horizon...but not merely as far as timeline or "major events" are concerned! Have you worked with specific figures?

    I would have thought it is a more robust approach for Risk Managers to advocate a strategy that focuses upon something tangible and measurable, like building operational resilience, rather than losses related to such a narrow range of, albeit significant, events and scenarios.

     

    As far as solar storms are concerned I would recommend Factor 30 or higher! It won't save you but, if its the end of the World, all you'll have spent is about a fiver. 

     

    I hope I'm not missing some terribly obvious point here!

    Best

     

    David

  • Liz Taylor January 4, 2011 13:07

    Hi Stuart,

     

    What news is there regarding the increase in Solar Storms in 2012??

     

    I'm also doing some work on the agregation of risks in London in summer 2012 - looks like lots of firms will need to have a look at how they will be affected......

    timing of risks to London 2012.ppt

  • David G Wilson November 15, 2010 17:54
    Fair point Stuart. Something that, as you will note from the attached, has been (very much) on my mind.

    Updated: Enterprise Risk Management & Complexity analysis

    David
This reply was deleted.

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