“I permit myself to say that I’ve perceived a bit of an inflated expectation,” (Pope) Francis said. “We need to deflate the expectations.”
The four-day meeting — scheduled to begin Feb. 21 and to be attended by the heads of more than 100 national bishops’ conferences — marks the first time a pope has brought together the religion’s top leaders to discuss the issue of abuse. It presents an opportunity for Francis to work to repair the church’s damaged reputation and demonstrate that it will be more proactive in its effort to eliminate the scourge of abuse.February 13, 2019
“I’ve perceived a bit of an inflated expectation,” (Pope) Francis said. “We need to deflate the expectations.”
Reputations are valuable strategic intangible assets. Threats to these assets⏤ enterprise reputation risks, often mislabeled “brand risks” ⏤ need to be managed, and management needs to be overseen through reputation risk governance lest reputational damage or reputational harm result in long-tailed go-forward losses in economic value and/or political power. Because these intangible risks arise from the interplay of stakeholder expectation, experiences, and media amplification, parametric insurances for intangible asset risks, for reputational value, for reputational harm, and for reputation assurance help mitigate risk by telling a simple, convincing and completely credible story of quality reputation governance to stakeholders. This story telling effect is the expressive power of insurance complementing insurance’s better known instrumental power of indemnification.
Risk management, risk financing in insurance captives, and risk transfer through reputation insurances comprise the constituent elements of a comprehensive solution. What’s your strategy?