Insurance Archives – Page 4 of 11

October 28, 2022

Capital Costs, Captives, Commercial Services, Communications (Corp) & Media, Consumer Goods & Services, Energy & Mining, ESG/Social Responsibility, Finance, Food, Governance, Health, Industrials & Technology, Legal, Transportation, Utilities

Mitigating the Hazards of ESG-Linked Enterprise Risk. Two of every 3 directors prefer value-creation through an ESG-linked reputation strategy.

Carnell and Nir are two of the three speakers who will be delivering the general session titled, “Mitigating the Hazards of ESG-Linked Enterprise Risk,” at the RIMS ERM Conference on November 11th at 11:30 am. This session will explore the value proposition of how to manage ERM to mitigate ESG-linked reputation risk strategically. It will focus on the cultural aspects of rounding up the collaborators from legal and communications and risk insurance. Two of every 3 directors prefer value-creation through an ESG-linked reputation strategy.

October 18, 2022

Capital Costs, CFOs, Finance

Shifting expectations: bank run. A bank run in our model … is caused by a shift in expectations, which could depend on almost anything.

Shifting expectations: bank run. Douglas Diamond and Philip Dybvig won the Nobel Memorial Prize in economics this year for their work on (bank runs). “A bank run in our model,” they write, “is caused by a shift in expectations, which could depend on almost anything, consistent with the apparently irrational observed behavior of people running on banks.” “Almost anything” could include social media rumors, why not. […] “Every banker knows that if he has to prove that he is worthy of credit, however good may be his arguments, in fact his credit is gone.”

October 17, 2022

Captives

Well-underwritten parametric reputation insurance. Parametric insurance policies have been in use for years by Tokio Marine Kiln for reputation loss.

Well underwritten parametric reputation insurance. Parametric triggers for insurance can be anything quantifiable. In the case of my firm, Steel City Re, we use parametric measures of reputational value in our Tokio Marine Kiln policies. Parametric policies provide for ease of underwriting, facilitate claims adjustment, and enable coverage to insure complex risks including reputation and environmental, social, and corporate governance (ESG) factors-linked reputation loss.

October 11, 2022

Captives, Commercial Services, Communications (Corp) & Media, Consumer Goods & Services, Energy & Mining, Finance, Food, Health, Industrials & Technology, Transportation, Utilities

Insurance Captive and Risk Strategy Transparency. The insurance captive is the key to making the value of a risk strategy transparently measurable to all stakeholders. An effective, insurance-authenticated risk strategy can mitigate the ESG risk du jour.

September 27, 2022

ESG/Social Responsibility, Governance, Parametric ESG insurance, Parametric Reputation Insurance

DEI and Reputation Risk. Companies can always buy insurance. Insurers like Steel City Re are developing creative ESG parametric products.

DEI – Diversity Equity and Inclusion Disappointment Risk “Really, what is needed is what we’re calling ESG-linked reputation insurance,” Kossovsky said. “ESG is all about setting expectations for better environmental stewardship, better social justice, more dutiful governance. The risk arises from some failure to understand stakeholder expectations — the failure to set those expectations, and …

September 27, 2022 Read More

September 11, 2022

ESG/Social Responsibility, Governance, Legal, Parametric ESG insurance, Parametric Reputation Insurance

Surging Demand for ESG Risk Insurance. Demand for environmental, social and corporate governance (ESG)-reputational risk insurance is surging, but, according to Nir Kossovsky (pictured), chief executive officer of Steel City Re, there is a lack of capital available. Parametric ESG-linked reputation insurance is as vital today as D&O insurance. Click on the image above to …

September 11, 2022 Read More

September 8, 2022

Captives, Communications (Corp) & Media

“’Captives show risk management can be a value centre,’ say representatives from Steel City Re.”

Captive Insurance Can Be a Value Center Captives enable risk professionals to play a tangible and demonstrable role in enhancing corporate profitability. It also allows them to control management and decision-making with respect to claims – a key function that is often overlooked […] Perhaps most importantly, it provides captive managers witha simple, clear, and …

September 8, 2022 Read More