Series Description: The world is constantly changing and in an interconnected world we are more exposed to risk than ever. Businesses and countries alike need to understand these risks and prepare for them. Its important to know that risks also impact people and society and as such personal resilience is just as important as organizational resilience.

As part of the podcast, professional risk managers will share their experience in building such resilience, being in the middle of extreme situations.

The Russia-Ukraine War Episodes: focuses on risk management during the biggest military conflict in Europe since World War II. The head of risk management function of the largest private energy holding in Ukraine will share the experience of risk management during the Russia-Ukraine war, adaptability to work in war conditions and the importance of real adherence to ESG.

In this episode, Alexander Larsen speaks to Mykhailo Rushkovskyi who is based in Kyiv and was there in the lead up to, as well as during the war. Mykhailo shares his experience of how organisations and people considered their options and various scenarios in order to prepare for the worst.

The episode covers War Risk Assessment, Resilience, Business Continuity Plans and Key Risk Indicators.

For further information about Mykhailo and his career, you can find the Risk Managers Getting Coffee series on: https://youtube.com/riskguide

00:30 - Introduction to Mykhailo
03:48 - How was Mykhailo's organisation and the people preparing for a potential war?
09:24 - Why were individuals in Ukraine so well prepared compared to businesses?
11:06 - What was the preparedness of Businesses in Ukraine?
13:52 - How did you assess the war risk?
19:18 - Insurance pricing (Before the war and leading up to the war)
25:52 - Resilience vs Efficiency
32:32 - How detailed should scenarios be?
36:03 - Where does intelligence come from in order to analyse the risk?
39:52 - What learnings came from this?