“’As companies’ balance sheets continue to be more heavily weighted to intangible versus tangible assets, Coyle believes that reputation is perhaps a company’s most valuable asset and with today’s social media and 24-hour news, it could be destroyed in a matter of minutes.
It is therefore natural to seek ways to manage reputational risk. Self-insurance coupled with reinsurance to manage exposure should be at the forefront of every CFO/risk managers mind, particularly for companies heavily reliant on their reputations to trade successfully,’ Coyle adds.”Captive Insurance Times
July 27, 2020
“Gerken adds: “A reputational crisis…can quickly devolve into a liquidity crisis.”
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Reputation risk management: how you both create your reputational value and protect it in the event of potential disappointment.
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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