Have you listened to these ten popular Crossing Thin Ice Podcasts of 2023?
https://crossingthinice.podbean.com/
Title | Released | Downloads |
Spillover Diseases | Apr 07, 2023 | 207 |
Telling Your ERM Story to Rating Agency | Jul 10, 2023 | 186 |
Concentration | Aug 07, 2023 | 163 |
Inflation – Most Dangerous Risk of 2023 | May 08, 2023 | 159 |
Six Futures for ERM | Sep 11, 2023 | 156 |
Super Volcano | Aug 21, 2023 | 153 |
Three Levels of Stress | Jun 07, 2023 | 150 |
Risk and Capital | Nov 06, 2023 | 136 |
Fear vs. Danger | Apr 24, 2023 | 134 |
Microplastics | Jun 19, 2023 | 126 |
Spillover Diseases – As humans encroach on new ecosystems diseases found in animals and birds can jump to a new home inside us. We think about coronavirus and influenza but should monitor closely diseases like bird flu and Ebola.
Risk Reporting to Rating Agencies – Insurers view interactions with rating agencies with trepidation, but a strategy can be implemented for your presentation that gives the rating agency what they need to know to give a fair review.
Concentration Risk – Concentration is added by doubling down on things you do well. This two-part article considers strategic drivers that add to concentration and tactical methods to mitigate these risks.
Inflation – Emerging risks sometimes seem like they come out of a science fiction movie. Solar storms are more than just pretty northern lights. An impactful solar storm happened as recently as 1859. While some problems with telegraph wires were reported, just imagine how much more we depend upon electronics now than we did then.
Six Futures for ERM – Scenario based planning is good for forming company strategy and it can also be good for planning risk management. There are a number of ways that the future might play out for risk management and the likelihood of each of the six possibilities mentioned here has probably changed significantly because of our experiences over the past two years. Which future will you be prepared for and which would have been a total surprise if you hadn’t read this article?
Super volcano – A volcano erupts somewhere, on average, every week. Eruptions large enough to impact the global environment happen much less frequently, but they have happened. The “Year without a Summer” in 1815 affected crops and immigration, and similar events will happen again. These Super Volcanoes tend to have numerous knock-on effects.
Stress Testing – Three levels of Stress – Stress tests come in various levels of adversity; normal volatility, realistic disasters and worst case scenarios. Aligning the situation to the appropriate stress test is very important when managing an insurer. Regulators are less interested in how you manage day-to-day, more in scenarios that might result in insolvency.
Risk and Capital – Stakeholder perception about the appropriate level of risk and the corresponding capital level varies. Some insurers focus on optimizing income and disbursements, while others find their goals aligned by holding redundant capital. Here we consider the available options and the pros and cons of each.
“Fear vs. Danger” – Using rational thought to balance fear and danger, with an appropriate response, is hard. Having a process to think about how to react improves the likelihood of success.”
Microplastics – Tiny pieces of plastic are found in the ocean, soils and the human body. This can’t be good. Scientists are still learning about the implications of microplastics, but it’s clear that better recycling and reduced use of plastic bottles, fishing nets, micro beads and nurdles are a start.