“To get serious about identifying, leveraging and mitigating risk to their intangible assets, Adams recommends that boards and management teams ask for and identify their intangible assets, ask about the impact of those assets on business and how they drive economic benefit, and understand the risks the enterprise is exposed to through those assets. By identifying the major potential risks faced by their business, boards can understand how managers can mitigate these issues before they suffer a significant negative impact on the business.”Agenda
July 31, 2019
“Says Kossovsky,…there’s a growing market of…risk transfer solutions for intangibles such as reputation that use a parametric strategy.”
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Parametric reputation insurance: affirming trust through indemnification.
For a broader view of reputation risk, discover additional articles by Steel City Re here, mentions of Steel City Re here, and comments on newsworthy topics by Steel City Re here. To read an abstracted summary of reputation risk, see below.
Risk governance and management, risk financing in insurance captives, and risk transfer through reputation insurances comprise the constituent elements of a comprehensive enterprise reputation risk solution.
What’s your strategy?