“For Nir Kossovsky, chief executive of Steel City Re, a managing general agency focused on reputation insurance, the business interruption controversy has exacerbated a reputation risk that was already showing signs of escalating in the past couple of years.”Insurance Day
June 3, 2020
“’Reputation crises are about mismatched expectations. One party of the contract has an expectation, rightly or otherwise, and it is left disappointed’ (said) Nir Kossovsky.”
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Reputation risk is the behavioral economic peril of angry, disappointed stakeholders.
Risk governance and management, risk financing, and risk transfer through insurances comprise the constituent elements of a comprehensive enterprise reputation risk management solution.
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