Faced with a widening variety of potentially catastrophic exposures--both natural and man-made--risk managers are integrating business continuity and disaster recovery planning into their enterprise risk management efforts, and not a moment too soon, loss control experts say.
"Business continuity management and related areas, such as security and disaster recovery, are all components of operational risk, and that in turn is a component of ERM," said John B. Copenhaver, president and chief executive officer of the Disaster Recovery Institute, with offices in Atlanta and Washington, D.C.
"That's how we see all of this working together today, and we're working hard to get that message across," added Mr. Copenhaver, a former senior Marsh executive.
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