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Taking an engineering approach to loss prevention

5th September 2019 10:00 – 12:00

FM Global offices

During this session will discuss how an engineering process is used to identify, then mitigate the perils to which insured property and business can be exposed. Presentations, case studies and group activities will illustrate how risk engineering principles and a systems approach can be put into practice. 

Firstly, we will examine how the COPE (Construction, Occupancy, Protection, Exposure) process is employed to identify and analyse physical risks from fire, natural hazards and machinery breakdown. Secondly, we will look at the quantification of risk by evaluating insured values, creating loss scenarios and developing loss estimates. We will discuss different loss expectancy models used within the insurance industry and compare their application with practical examples. Finally, we will discuss risk mitigation strategies, considering both physical and procedural solutions. We conclude by recognising the important role of change management processes to ensure that countermeasures intended to manage exposures remain up to date and effective. 

Through participation in the workshop, delegates will examine each stage of the risk engineering process and identify areas relevant to their field which warrant further study. This workshop is intended for those who are either relatively new to risk management or working with property and business insurance programmes. Equally, it will also be of interest to those who are either undertaking or have involvement in risk improvement projects.

Speakers:

  • Donovan Dos Santos: Account Engineer, London Operations
  • Philip Innocent: Learning Specialist, London Operations
14 places available
Add to Calendar 2019-09-05 10:00:00 2019-09-05 12:00:00 Europe/London Airmic academy: Taking an engineering approach to loss prevention It is a long-held view at FM Global that the majority of losses are preventable, but how is this achieved in practice? A thorough on-site risk analysis will indicate the key threats or exposures to an insured business, and these can be mitigated by an engineering approach to loss prevention. This academy workshop will look at the principal types of property and business interruption risk including fire, natural hazards and production equipment breakdown. We will discuss risk quantification and mitigation strategies, considering physical countermeasures and human procedural elements.
See more: https://www.airmic.com/training/taking-engineering-approach-loss-prevention
London
Location
The Leadenhall Building, 122 Leadenhall Street
London, EC3V 4AB
England
United Kingdom