{"id":13832,"date":"2024-03-07T13:33:49","date_gmt":"2024-03-07T18:33:49","guid":{"rendered":"https:\/\/steelcityre.com\/?p=13832"},"modified":"2024-03-07T13:33:52","modified_gmt":"2024-03-07T18:33:52","slug":"brand-and-reputation-risks-wtw-survey-2024","status":"publish","type":"post","link":"https:\/\/steelcityre.com\/2024\/03\/07\/brand-and-reputation-risks-wtw-survey-2024\/","title":{"rendered":"March 7, 2024"},"content":{"rendered":"\n

Brand and Reputation Risks<\/h2>\n\n\n\n

#3 Concerns over reputation risks: Brand and reputation risks, particularly concerning social media controversies, are a major concern for 50% of respondents in the next 3-5 years. [Survey methods: We received 700 responses from senior decision makers in large retail businesses based in Europe, North America, Asia-Pacific, Latin America, the Middle East and Africa.]<\/p>\n\n\n\n

Click on the image above to read more<\/strong> (No Paywall).<\/p>\n\n\n\n

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Brand and reputation risks [\u2026] are a major concern for 50% of respondents in the next 3-5 years. <\/em><\/p>WTW: March 7, 2024<\/cite><\/blockquote><\/figure>\n<\/div>\n\n\n\n

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Brand and reputation risks. Steel City Re\u2019s strategic tools help risk managers build corporate resilience by predicting<\/a> reputation risk, protecting<\/a> enterprise value, and promoting<\/a> risk management. We help risk managers manage risk <\/a>and add value across Boardrooms, C-Suites, and operational silos through reputation resilience.<\/p>\n\n\n\n

Reputation is Mission-Critical<\/strong><\/h2>\n\n\n\n

Today\u2019s sophisticated risk managers are strategic corporate talents, helping the C-suite and board meed stakeholder expectations for resilience. They know that enterprise damage from reputation risks might be their greatest and longest lasting peril, so they monitor for red flags. They foster a culture that respects those warnings and facilitate processes to mitigate those risks. Their diligence strategically builds enterprise-wide resilience that informed stakeholders can appreciate, and they use insurance two ways: operationally, to foster resilience; and strategically, to authenticate their thoughtful risk management and dutiful governance systems.<\/p>\n\n\n\n

The results of strategic reputation risk management are evident in reputation resilience. More than crisis recovery, they include customers buying, not boycotting; employees working, not fleeing; investors buying, not selling; lenders adjusting interest rates down, not up; regulators deferring, not enforcing; and social license holders acquiescing, not protesting.<\/p>\n\n\n\n

Having a robust Reputation Resilience Program in place offers, amongst other benefits<\/a>:<\/p>\n\n\n\n