THREE RESILIENCE DRIVERS ADDED TO THE INDEX The FM Global Resilience Index now includes three emerging drivers of resil ience that have come to the forefront in recent years URBANIZATION RATE Urbanization can bring many economic and social benefits to a country and tends to be associated with economic opportu nity and growth When urbanization is rapid and unplanned however it poses acute risks to a country s critical infrastruc ture and social stability induces competition for basic resources and exac erbates the spread of disease For those seeking the smooth running of their business operations a country with a high urbanization rate is a warning sign requiring active management The urbanization rate is defined as the average annual rate of change in the extent to which a country s population is living in an urban area INHERENT CYBER RISK Cyber resilience must now be recognized as a core com ponent of effective enterprise risk management ERM and reputation management The rapid pace of technological change with its attendant cyber risks continues to exceed the pace of cyber security The risk of a costly data security breach is conspicu ous for many businesses Increased connectivity global interdependence the growth of data and digitization and the threat of cyber crime all prey on the unprepared SUPPLY CHAIN VISIBILITY With manufacturing supply chains becoming ever more multi national complex and multitiered supply chain visibility has never been more critical an issue It is cited regularly as one of the highest priorities by supply chain managers and one where achieving controlled access and transparency in transactions across the supply chain is vital The goals of supply chain visibility are to reveal enterprise and supply chain risk improve agility lead times and performance and identify shortage and quality issues along the supply chain At a corporate level man agers seldom have complete visibility beyond the simplest of operations and value chains LATEST Newly updated and improved for 2017 the index is the only annual ranking of 130 countries and territories according to their enterprise resilience to disruptive events Rankings are calculated based on an equally weighted composite of 12 core drivers that affect the enterprise resilience of countries significantly and directly What is new in the 2017 index A good index should evolve as better data and analytics become available A signifi cant enhancement to the index this year is the inclusion of three new drivers of enter prise resilience urbanization rate inher ent cyber risk and supply chain visibility Another enhancement is the use of local code information to refine the index s risk quality drivers to be more representative of each country s natural hazard and fire risk quality Country rankings also have been retro calculated using the new and revised data to make the results available for the past five years FM Global makes the Resilience Index and a suite of other resources to help execu tives make informed business decisions available free to the public on fmglobal com under Research Resources Tools and Resources Featuring a new and easy to use interface the index can be accessed anytime In June FM Global will release a per sonalized client centric version of the index providing an account level summary of the enterprise resilience of their properties throughout the world This strategic over view will be available to FM Global policy holders by simply logging in to FM Global s client portal known as MyRisk How the FM Global Resilience Index works The index is powered by data from lead ing global resources including the United Nations the World Bank the World Eco nomic Forum and the International Mon etary Fund These sources combine with FM Global s proprietary data generated by the company s 1 800 property risk engineers 10 REASON ISSUE 1 2017

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