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In this Issue
BCP Job: BCP Coordinator, Taiwan
An insurance company needs a full-time Business Continuity Coordinator in Taipei, Taiwan to develop, implement, test, train and maintain the company's contingency program for 30+ departments. The company has about 1,200 employees. Choose "Search Open Jobs" at this link, then enter Job Number 1549 to read the job description. Submit your qualifications at this link.
BCP Job: Metrics Reporting, Singapore
Identify data recovery gaps at a global investment bank. Work with regional IT team to plug the identified gaps. Prepare reports and presentations. Gain BCP experience in a multinational banking environment. Contract for three (3) months in Singapore, possible extension or migration to other position. Contact our Director, Nathaniel Forbes at nathaniel.forbes@gmail.com
It must be the first television advertisement for business continuity.
Contingency planning is surely getting traction if keeping the lights on is now considered material for American prime-time television, where advertising on "Desperate Housewives" costs USD $394,000.
What next? In just 24 hours, Jack Bauer develops a BCP to save the world...
What if your insurance company offered a reduced premium for having a BCP? A 'BCP discount' must be the Holy Grail of business continuity planners, risk managers and contingency planners everywhere.
The quid pro quo is that having a well-developed BCP should reduce the amount of an insurer's loss exposure, so it should reduce its client's property and liability insurance premium accordingly.
No insurance company I know offers an explicit BCP discount. If you know one that does, I'd like to hear about it.
Insurers will have some thorny questions about calculating the proper discount, such as:
- Does your company's plan cover all hazards, or just certain ones?
- Does your BCP include loss prevention and mitigation activities?
- How do you (the insured) or we (the insurer) know your plan will actually
"work"?
- By what amount, precisely, does your BCP reduce our potential loss
exposure? Figuring out answers to those questions should keep actuaries gainfully employed for a while.
Many companies with well-developed BCP's, such as banks, have relatively low property liability loss exposures. They often rent rather than own their offices, and the industrial hazards in their work environments are negligible.
But companies with very large insured risks - semiconductor fabs, automotive assembly plants, oil & gas refineries, for example - have huge financial incentives to reduce their risk profiles. This will spur them to seek a simple way to monetize the value of their investments in contingency planning from their insurers.
I think it disgraceful that a nation that spends USD $275 million per day 'rebuilding' Iraq cannot clean and paint a dozen, life-saving fire stations in New Orleans in the year-and-three-quarters since Hurricane Katrina.
So in April I volunteered with Continuity Cares to assist for a day in repair and rehabilitation in America's home of gumbo, jazz, Fat Tuesday - and oil refining.
We scraped, sanded and painted the inside of the building, helping firefighters whose "station" has been a trailer since August, 2005. Many of them have been living in trailers, too, since their homes were destroyed. The police station is still a trailer, too. This is only the twelfth (12th) of New Orleans' twenty-five (25) fire stations to be repaired. Half of the city's stations are still unusable.
The firefighter in this picture (left) shows how high the flood waters rose outside the firehouse. Inside, the water was eighteen inches (45 cm) deep - for days.
Station Chief Tim McConnell, like everyone I met, was effusively grateful. "It may have only seemed like a quick day for ya'll, but getting the stations done and reoccupied goes much farther by decreasing the mental stress and increasing the moral of the members," he wrote by email.
Driving through the neighborhood, you feel viscerally that the human impact of a disaster is so much more numbing and more lugubrious than theoretical business impact analysis. Block after block of streets are lined on both sides with abandoned houses, bare concrete slabs where homes used to stand.
Ever considered using a mobil recovery facility? This (right) is a bank branch on Read Boulevard, almost two years after the hurricane destroyed the original branch behind it.
Be sure to look at the last photo in the slide show. Those are two infamous, ubiquitous FEMA trailers. Imagine your family living in one of those - in front of your own house - for 2 years.
You'd probably be ready for regime change, too.
Outsource Your BCP Work in Asia
Need help? In Singapore, call: +65 6324-3091 Fax: +65 6324-3093 Email: info@calamity.com.sg
: nathaniel_forbes | AOL IM: KingmanReef
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