Risk management is about being prepared, but there are some events that no one can predict, as attendees at the JLT Risk Solutions outsourcing symposium recently discovered.
Visor consultant managing director Peter Power gave the example of aircraft mechanics who, during the course of their duties, decided to lark about in the cockpit of an airliner.
Pretending to be pilots, the two mechanics inadvertently started the engine and crashed the plane into a nearby hangar.
Clearly the concept of risk management models that prevent the occurrence of gross stupidity is yet to take off.
