Steel City Re is the world’s only provider of parametric reputation insurance offerings, leveraging a reputational value index that delivers more stable and higher returns for reinsurers and insurance-linked securities (ILS) investors, according to co-founder and CEO Nir Kossovsky. […] “So, sustained loss ratios: stable returns, higher returns, and IP-protected extended returns over years,” explained Kossovsky.
![Moral hazard has stalled progress in reputation risk insurance, but parametric solutions could help insurers meet growing demand and seize new opportunities. [...] The global reputation crisis can help carriers appreciate how parametric technology can accelerate solutions for emerging risks.](https://steelcityre.com/wp-content/uploads/2025/01/Parametric-technology-The-key-to-unlocking-reputation-risk-insurance-intelligent-insurer.jpg)
Moral hazard has stalled progress in reputation risk insurance, but parametric solutions could help insurers meet growing demand and seize new opportunities. […] The global reputation crisis can help carriers appreciate how parametric technology can accelerate solutions for emerging risks.
Reputational risk remains one of the most fearsome risks that board members and their institutions can face. Thousands of executives overseeing public firms are now just one reputation crisis away from losing all their board seats as well as future business opportunities. Captives may be a solid way of managing those risks.
32.9% of companies, including American Airlines and US Bancorp, have compensation clawback policies for reputation harm.
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.
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.”
Podcast. Reputation Spearheads Resilience at a $150bn Financial Services Company. You Don’t Have to Win A Nobel Prize To Benefit From One.
AstraZeneca ushers future of risk management and insurance for mission critical risk: outcome policy for supply chain, recall, and reputation!
Developing and Refining Risk Appetite and Tolerance. RIMS (S)ERM Executive Report. Monitor the risk landscape with metrics that are relevant, measurable, and actionable—before a crisis…advise Lianne Appelt, Lorie Graham and Trisha Sqrow. Hear a 5 Minute Adventure in Risk & Resilience podcast explain how with your bespoke edition of Steel City Re’s 3-part Resilience Monitor.
A Case Study, affirming the value and logic of fronting (or re-insuring) a captive–greatly simplified with parametric triggers–for Non-Damage Business Interrption (NDBI). Katoen Natie survived the pandemic by securing NDBI cover through its captive – something thought to be a near-impossible task. Chief risk officer Carl Leeman explains how he did it, and why he won’t stop pushing to test his captive’s potential.