NU Online News Service, Feb. 1, 3:12 p.m. EST
In an environment of rapidly evolving risks, just anticipating risk is not enough, as organizations also need to focus on building resilience to effectively manage risk and position themselves for long-term sustainability, says the chief executive of Willis Group Holdings.
Speaking at the 2012 World Captive Forum, Joe Plumeri, chairman and chief executive officer of Willis said hallmarks of a resilient organization include acknowledging the difficulty of predicting the future or so called "black swan" events. Organizations need to operate in a dynamic fashion to make adjustments in real-time when a catastrophe strikes, while simultaneously preparing for the future, he noted.
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