Related Solutions

Background:

Group Risk Manager for £12 billion turnover multinational retail organisation. A strategically important data centre was at risk of total destruction due to the fire hazards in a communicating warehouse. It had been difficult to decide the most cost-effective blend of risk reduction. Local management were hoping "it won't happen to us".

Needs:

  • To calculate the financial severity of the data centre's loss and estimate the probability of such an occurrence.
  • To justify the cost-effectiveness of various countermeasures - individually and in combination.

Solutions We Provided:

  • A combination of site visit, management discussion and risk analysis software.
  • Sensitivity analysis which revealed the most critical issues.
  • Annual average loss expectancy.
  • Relative effectiveness of countermeasures both individually and in combination.
  • Cost-benefit of countermeasures both individually and in combination.

Results:

  • Identified the most cost-effective blend of countermeasures.
  • Identified a project cost saving of nearly £500,000.
  • Motivated management to implement the recommended improvements.

Willis In History

Did you know Bray, Gibb & Co, the pre-eminent aviation insurance broker before World War I, was Samuel Cody's broker, the first man to fly a powered aircraft in the UK?