BCP PTI Summary - Insurance Product

1. Developed and implemented a Business continuity plan (BCP) to maintain continuous operation in case of emergencies.
1. Business impact
analysis
2. Business continuity
planning
3. Dissemination,
training and review
4. Testing, results
evaluation and
adjustment
BCP development process:
• Estimating impact on revenue,
operating expenses, reputation,
financial stability….
• Define requirements for recovery
• Devising a BCP based on BIA results
• Assessing resources availability and
ability to meet requirements
• Establishing backup solutions
• Conduct dissemination and training
about the BCP across organization
• Review when needed
• The BCP must be tested to ensure
its readiness and suitability for
actual operations.
Emergency/Incident
Occurred
Immediate Reaction
Recovery
Business Continuity
• Identifying and reporting
• Damage mitigation
• Monitoring and updating
BCP execution process:
• Consider activating BCP
• Setting recovery priorities
• Establish reporting and
communicating measures
• Follow BCP procedures
• Documenting and archiving the
incident and recovery results
• Continue monitoring
• Stating the lessons learned and
experience distilled
Business Continuity Plan