August 23, 2024
Profitable financial loss absorption, differently, with advances in metrology—e.g., synthetic indices for reputation—and parametric technology. A spin by Steel City Re on the whitepaper from The Geneva Association.
Insurance
August 22, 2024
5-Minute Adventures in Risk & Resilience: The Podcast Reputation Insurance Forestalls ESG Risk at a $20bn Commercial Services Company: Protecting ESG Value Before Someone Else Challenges It.: In this episode, After Anheuser Busch’s incident with Bud Light, a risk executive realizes that his reputation risk insurance strategy also works for ESG risk. Click on the …
August 16, 2024
Reputation risk management is a battle for the mind of the stakeholder. A range of parametric insurance products linked to reputation value and volatility help authenticate stories about the quality of risk management. It is how risk management and risk communications work together to create value.
July 30, 2024
5-Minute Adventures in Risk & Resilience: The Podcast A Reputation for Truth Neutralizes Fake News at a $7bn Media Company: Getting Valued For Good Information That Neutralizes Bad Information.: In this episode, as a matter of national security after the fake tweet at Eli Lilly, a risk executive outlines a sophisticated strategy to make his …
June 11, 2024
We need to start focusing on relevance, client solutions and value. Solutions that address complex connected risks such as reputation value.
June 8, 2024
Captives are a solution to the lack of innovation. Martin South, president and chief executive officer, Marsh, was being interview by Penny Randall Seach, group chief underwriting officer, Zurich Insurance Company in a Global CEO fireside discussion at AIRMIC called ‘Global forces driving change: a future outlook’ Because the industry is not offering products that address clients’s needs as risks evolve, “some $25 billion of Marsh clients’ premium is now being retained using this form of risk transfer.“ In other news, insurer AXA is reorganizing US operations. Layoffs are expected. Meanwhile, Steel City Re has on offer a remarkably innovative original outcome-based solution to the most complex risk of all. It is a solution insureds have wanted since 2005, and it is backed today by Tokio Marine Kiln.
June 1, 2024
Take up rates for parametric risk transfer, insurance and reinsurance solutions have grown “dramatically” over the last year, according to broker Aon. In particular, Aon highlights a rapid shift in both insurance market and corporate risk transfer buyers perceptions of risk transfer alternatives, which is helping to drive more rapid uptake of parametric solutions. […] “There has never been a greater need for alternative risk transfer solutions, including parametric solutions and captives.”
May 30, 2024
Synthetic data is the cool “AI” way of saying “insuring to model,” which is the essence of parametric insurance. In the worldview of Earnix, actuarial modeling will be based on models generated by AI, rather than on actual experience. Shocking? Parametric insurance products that have struggled to gain acceptance. Perhaps the AI marketing spin will make ensure parametrics look as cool as they really are?
May 22, 2024
Risk Management and Governance Look Smart. Investors comment on Astrazeneca’s brilliant resilience insurance solution.
May 7, 2024
Podcast. Reputation Spearheads Resilience at a $150bn Financial Services Company. You Don’t Have to Win A Nobel Prize To Benefit From One.