Insurance Industry:: super-spreaders of systemic risk


Who do you believe…not who do you want to believe? Are they or aren’t they?panic button

I am far from an expert on the subject but, from what I do know, I have a “bad feeling” about aspects of the Geneva Association perspective and UK stance (as opposed to USA) on what constitutes “systemically important”. Rather than repeat myself, I have outlined my thoughts in this article which contains links to other, related, items.

If you are interested in getting deeper into the subject, particularly if you like getting into the maths, you are going to have fun with this paper from Nov. 2011: Econometric Measures of Connectedness and Systemic Risk in the Finance and Insurance Sectors Read more of this post

Success For Organizations Comes From The Ability To Drive The Strategic Transformation At The Most Critical Points. “Business As Usual” Is A Very Dangerous Expression These Days


Freefall“Transformation” may sound a bit OTT but, if the Culture and Operational Structure are not aligned to the goals of the organisation “change” simply does not convey the scale of the challenge.

If “leaders” prefer to overlook even the most glaring changes in the economic environment in which they exist, preferring what they are familiar with and a belief that they will “turn the corner” they may not be worth following.

In the multitude of voices and noises, strategic and organizational paradoxes, CEOs and their executive team need to learn to navigate, transition and lead their organizations into a new future. Companies that failed to transform their organizations because they put too much emphasis on tools and technology and not enough on foresights, mental mindsets and leadership behaviours. Their leaders failed to develop the shared visions, values and beliefs that serve as foundation for dynamic culture and to engage all employees to co-create the new culture and to provide opportunities for them to initiate and participate in a shared destiny.

via Success For Organizations Comes From The Ability To Drive The Strategic Transformation At The Most Critical Points. “Business As Usual” Is A Very Dangerous Expression These Days. – innovation playground Idris Mootee.