The objective of this project is to analyze business continuity planning (BCP) and disaster recovery strategies adopted by insurance companies to ensure uninterrupted operations, data protection, and customer service during natural or man-made disasters.
Study the concept of Business Continuity Planning (BCP) in financial services.
Identify key operational risks faced by insurance companies.
Analyze disaster recovery mechanisms for IT systems and data centers.
Study remote working and digital claim processing models.
Evaluate crisis communication strategies with policyholders.
Examine regulatory compliance requirements for disaster preparedness.
Analyze case studies of insurers affected by disasters.
Identify key performance indicators for business continuity success.
Study cybersecurity threats during disaster situations.
Evaluate backup systems and cloud-based infrastructure solutions.
Identify gaps in disaster preparedness plans.
Suggest strategic improvements for operational resilience.
Prepare a structured BCP framework tailored for insurance companies.
