article thumbnail

Transferring Risk Helps Relieve Leaders’ Biggest Fears

Chief Executive

Companies should consider if its business’ revenues rely on certain events happening or are largely generated in a certain specialized industry that may not be covered by some of the more traditional types of first-party insurance and weigh whether it should consider specialized coverage to transfer the business’ key risks.

article thumbnail

How the Insurance Industry Can Push Us to Prepare for Climate Change

Harvard Business Review

Third, people are over-optimistic and thus underestimate their own risk exposure. And the risks are real: Zillow’s research predicts that $400 billion dollars of real estate value in Florida could be at risk from climate change by the year 2100.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Get Our Savings on the Move Again

Harvard Business Review

Some politicians claim that unsystematic loan losses, like the $2 billion loss JP Morgan recently suffered, significantly increase the risk of another financial crisis. A 30% drop in real estate prices, which systematically threatened all lenders with upwards of a trillion dollars of losses, caused the financial crisis.

article thumbnail

How to Get Our Savings on the Move Again

Harvard Business Review

Some politicians claim that unsystematic loan losses, like the $2 billion loss JP Morgan recently suffered, significantly increase the risk of another financial crisis. A 30% drop in real estate prices, which systematically threatened all lenders with upwards of a trillion dollars of losses, caused the financial crisis.

article thumbnail

Innovation Should Be a Top Priority for Boards. So Why Isn’t It?

Harvard Business Review

In contrast, 70% of respondents think their boards have effective processes for staying current on the company; 69% for compliance; 66% for financial planning; and 55% for risk management — although we should note that managing risks is a crucial consideration when pursuing innovation.

article thumbnail

Talent Management: Boards Give Their Companies an "F"

Harvard Business Review

Not innovation, risk management, technology, debt, or the regulatory environment. Corporate directors identified talent management as their single greatest strategic challenge. banking & financial services, insurance, real estate); Health Care (e.g., And what did they say was their biggest concern?

Manager 10
article thumbnail

Writing Your Résumé When Your Job Title Doesn’t Reflect Your Responsibilities

Harvard Business Review

And she wrote her summary headline — a prime piece of résumé real estate — to immediately show that she had the experience these new positions require. Collaborated with University Facilities, Safety & Risk, Risk Manager; ServPro; and Insurance Adjuster to plan and execute clean-up and equipment replacement.