The conundrum facing insurance [courtesy of Clay Shirky]


If guys like Clay Shirky and Seth Godin “did” economics we wouldn’t be in the mess we are in now! These guys don’t think about critical issues in the conventional, College-taught, manner of an unreal world. They focus upon the world AS IT IS, AND NOT HOW WE CONVINCED OURSELVES IT WAS!

The challenge for, such as insurers, is how to embrace the lessons of the “the Digital Age” and to redesign the current, unsustainable, model. Read more of this post

Welcome to the world “beyond risk”: Volatility; Uncertainty; Complexity; Ambiguity


Illiteracy has long been recognised as an issue that “advanced economies” must address and, although I am no expert on the subject, I get the impression that great strides have been made and education is more widely available than at any point in our history. So, the question arises: why do educated people (and nations) still keep doing such really stupid things to each other, our planet and economy? 

The answer MAY lie in this great quote from Alvin Toffler:

“The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn.”

This quote crops up in a presentation that could go some way to explaining our predicament…

Political, Financial and Business leaders in the sophisticated, advanced, Western World have lost the art of listening and are intent upon clinging desperately to the belief systems that got them where they are. Despite the fact that the depth of the flaws have been exposed time, after time, after time! Read more of this post

Adaptability: The New Competitive Advantage


Geary Sikich quoteNo wonder many of C-level Exec’s and institutions, that thrived in the industrial era, are “failing” in the Digital Age, when so much of what they held dear and used as justification for excessive remuneration and bonus packages, have been shown to be deeply flawed: economics; financial and risk management. Some do claim that they are now looking to “innovate” their way toward a brighter future but the evidence suggests that their idea of i-nnovation is more about re-packaging the same old “win/lose” propositions: destructive creation!

What IS required is the type of “creative destruction” that benefits stakeholders and leads to “win/win”: now that is I-nnovation that customers can understand and embrace. Alternatively, customers will look for VALUE from new entrants to a given marketplace…whether these be new players (without legacy issues) or established players from emerging markets. Read more of this post