{"id":13022,"date":"2023-08-23T16:55:21","date_gmt":"2023-08-23T20:55:21","guid":{"rendered":"https:\/\/steelcityre.com\/?page_id=13022"},"modified":"2024-02-27T15:26:17","modified_gmt":"2024-02-27T20:26:17","slug":"promote-risk-management","status":"publish","type":"page","link":"https:\/\/steelcityre.com\/promote-risk-management\/","title":{"rendered":"Promote Risk Management"},"content":{"rendered":"\n
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Transfer Risk Strategically<\/h1><\/div>\n<\/div>\n<\/div><\/section>\n<\/div><\/section>\n\n\n\n
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See also:<\/em><\/h2>\n<\/div>\n\n\n\n
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PREDICT <\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n
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Manage<\/a><\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n
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Our parametric reputation insurance:<\/h2><\/div>\n<\/div><\/section>\n\n\n\n
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<\/path><\/svg><\/span>Serves as an objective, third-party authentication of your company\u2019s thoughtful risk management and dutiful risk governance. Like an insurance captive\u2019s profits but at the strategic enterprise level, it transparently signals the quality of your strategic reputation risk management.<\/span><\/div>\n\n\n\n
<\/path><\/svg><\/span>Signals to stakeholders that a business has a robust risk strategy to understand and manage its enterprise-wide reputation. Think of it as a \u201cfinancial guarantee of quality.\u201d<\/span><\/div>\n\n\n\n
<\/path><\/svg><\/span>Provides investors, lenders, and other sources of financial transactions with confidence in the elevated resilience of a business, which often leads to lower capital and insurance costs.<\/span><\/div>\n\n\n\n
<\/path><\/svg><\/span>Provides risk diversification including triggers, frequency, severity, and tail time for insurance captives.<\/span><\/div>\n<\/div><\/div>\n<\/div>\n\n\n\n
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Objectivity is the key ingredient to signaling higher risk strategy quality.<\/h2>

With ESG metrics still evolving and often derided for their subjectivity,<\/a> stakeholders want an objectively reliably assurance of resilience, not just insurance on the risks to it.

Steel City Re\u2019s measures of reputation value, risk, and insurance make this possible. Think of parametric insurance as an endorsement of \u201ccorporate vital signs,\u201d affirmed through objective criteria and thresholds similar to those in health and life insurance. Having such protection is a promotable value to your stakeholders.<\/p><\/div>\n\n\n\n