May 28, 2020

“Today, the insurance industry faces a reputational crisis that threatens to undermine its relationship with stakeholders in lasting and significant ways. This is an opportunity for you and Lloyd’s, as perhaps the most iconic representatives of the industry, to advocate for measures by insurers that restore trust and pre-empt action by regulators, politicians, and litigators that will worsten the reputational disaster.”

Insurance Post
May 28, 2020

“Demonstrate in clear and convincing ways that your practices have been changed to protect against future (reputational) damage.”

Click on Read More (below) for full text (paywall).

Reputation insurance is 3rd-party evidence of strategic governance, risk, and compliance.

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.

Risk governance and management, risk financing, and risk transfer through insurances comprise the constituent elements of a comprehensive enterprise reputation risk management solution.

What’s your strategy?