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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 Willis has placed insurance for the new safe confinement structure for the damaged reactor of the Chernobyl Nuclear Power Plant (CHNPP)?