November 14, 2022

Parametric insurance ESG authentication. How can companies use parametric insurance to prove their ESG bona fides?

Parametric insurance ESG authentication. Parametric insurance, which has long been popular in disaster recovery, is gaining steam as a proxy for proving the effectiveness of ESG programs. Nir Kossovsky and Denise Williamee of insurer Steel City Re explore details of this novel ESG solution. Insurance-based authentication — a regulatory lynchpin — is a recent innovation made possible by parametric insurance solutions.

November 9, 2022

Parametric ESG-linked Reputation Insurance.

Parametric ESG-linked Reputation Insurance. Stakeholders and regulators scrutinising companies making ESG-related policy commitments are leading to more interest in insurance designed to cover such risks: Steel City Re.

November 8, 2022

Captives for a Challenging Market. Delaware Captive Insurance Association Fall Forum: Captives’ value in risk strategy.

Captives for a Challenging Market. Mitigating risk strategically through expectation management and operational adjustments evinces thoughtful management and dutiful governance. Financing such risks evinces prudence, and doing so publicly with insurance captives and reinsurance enables stakeholders to appreciate and value the effort. These comprise the core of Steel City Re’s professional services

November 5, 2022

The reputation premium-seeking RepuSPX is out-performing the S&P500 Index by 393.55%

”The reputation premium-seeking RepuSPX is out-performing the S&P500 Index by 393.55%.”

Steel City Re’s reputation metrics help demonstrate effective risk management and dutiful governance over mission-critical ESG.

Is insurance-authentication in your risk strategy?

October 29, 2022

Shockingly, Steel City Re’s Illustrated Guide to Reputation Risk Management, a cocktail book, is not on The Economist’s list

Booze you can use. Nearly as much history, culture and science can be found in cocktails as in cuisine. Do not be too put off by the theatre and skill on display in the modern, snazzy cocktail bar: the craft is approachable and can be learned by doing, starting with a few basic skills and guiding principles […] These are the books to banish … ignorance; to think analytically about all the components of cocktails, and thereby to readjust those proportions; to hone the techniques of the efficient (and occasionally theatrical) barkeep; and to get coupette-sized doses of all that history and cocktail culture.

October 28, 2022

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

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

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 16, 2022

Reputation resilience | reputation loss. In politics as in business—authenticating one’s reputation is mission-critical.

Reputation resilience vs. reputation loss. (V)oters have a record of dumping UK governments that lose their reputation for economic competence, even at elections some years later. Truss faces a monumental struggle to convince her own MPs she is capable of rehabilitating her own and her party’s image, and of leading Britain forward. If they conclude she cannot — and some seem already to have made up their minds — they may move against her quickly.