Introduction to Business Continuity and its role in the Risk Management ecosystem

Business continuity planning (BCP) is of great interest to the insurance industry because it helps to mitigate potential losses caused by unexpected events such as natural disasters, cyber attacks, and other disruptions. With the frequency, intensity, and cost of disruptions predicted to increase, BCP is becoming increasingly important for businesses to have in place, creating a growing market for insurance companies and advisors to offer these services. Offering BCP as part of a holistic risk management agenda helps insurance companies and risk advisors to differentiate themselves from competitors and increase customer loyalty. By the end of this workshop, you will: • Understand what business continuity is, and when & how it should be addressed by businesses large and small • Understand the trends that are emerging in insurance industry and driving interest in BCP • Learn how advisors are positioning themselves for success in response to changes in the industry • Have an understanding of tools that may help