IDEA to prevent loss as more important than insurance coverage It s surprising the number of compa nies that have been harmed by operational risk events coupled with the relatively low number of companies that feel they are very well prepared for a disruption event says Eric Jones operations vice president and global manager of FM Global s Busi ness Risk Consulting The findings reveal the opportunity for financial executives to implement stronger plans with increased data to help move resilience forward within their organizations The vast majority in this study 86 per cent recognize the need to plan to be more resilient in the future Currently more than half 54 percent say they have neither devel oped nor tested recovery plans for an incurred loss Fewer than half 46 percent will be able to follow a plan to get back in business Identify and prepare for risk So where are your vulnerabilities lurking The 2017 FM Global Resilience Index can help you uncover these vulnerabilities based on the location of your operations and sup pliers For details see the article How Resilient Is Your Business on page 9 of this issue FM Global clients can obtain account level rankings of the resilience of their prop erties worldwide by logging on to MyRisk starting in June MyRisk is FM Global s pri vate and secure website that allows clients brokers and authorized business partners to manage risk improvement efforts prepare for impending weather threats and access important policy information for their facili ties around the world For risk management tools and resources log on to fmglobal com And to request a personalized assessment of your operational risk contact FM Global s Busi ness Risk Consulting Knowing your risk propensities and how to prevent them will help you priori tize plans to maintain resilience CFOs ON RISK AND RESILIENCE FM GLOBAL STUDY DEPICTS ACTUAL LOSSES AND PREPAREDNESS OF LEADING CFOs HAZARD 66 34 24 59 33 52 Equipment Failure Data Breaches or Cyber Attacks Natural Disasters How many were harmed How many were prepared PERCEPTION OF RISK IN NEAR FUTURE RESILIENCE FROM RISK Have not developed or tested loss recovery plans Believe they need to be more resilient in the future 54 86 68 58 41 58 41 38 Revenues will be more vulnerable due to operational risk Managing operational risk may impede meeting revenue targets Plan to focus on operational risk prevention Consider loss prevention more important than insurance coverage Operational risks such as equipment failure cyber attacks and natural disas ters have harmed the companies of senior financial executives during the past five years according to a new FM Global commissioned study Find out how prepared these CFOs were for the losses they faced and how they now plan to focus more on resilience to keep their businesses running The study is based on responses received during late 2016 from 100 chief financial officers or seniormost financial executives at U S based companies the majority of which are Fortune 1000 organizations across a wide variety of industries ISSUE 1 2017 REASON 25

Hinweis: Dies ist eine maschinenlesbare No-Flash Ansicht.
Klicken Sie hier um zur Online-Version zu gelangen.