Free Trial Corporate Access

Reactions Copying and distributing are prohibited without permission of the publisher

Risk innovation's time is now: world leaders

04 June 2012

Feature: Debate among world leaders at the recent 42nd St Gallen Symposium suggested that risk managers and insurers finally have a chance to make their mark.

Read more: swiss re munich re nikolaus von bomhard walter kielholz

Business leaders, politicians and other social leaders around the globe are going to have to polish up their risk identification, measurement, management and transfer skills if they are to get the global economy marching again.

The shock caused by the recent financial crisis and subsequent global economic downturn has potentially raised levels of risk aversion to the highest levels in modern history among the world's leaders. This is a big danger to the recovery in itself.

Risk taking is essential to provide the base for the kind of innovative thinking and action that is needed to kick-start a true recovery and should not be strangled by excessive regulation in response to the crisis.

But it is essential that this risk is taken in a logical and considered way and does not turn back into the kind of gambling that led to the crisis in the first place.

There is a...

  • Eastern Canada Spring Flooding 17 Apr 2014 - Spring river flooding has affected several communities in the eastern Canadian provinces ...
  • Severe Tropical Cyclone Ita 17 Apr 2014 - The remnants of Severe Tropical Cyclone Ita has brought heavy rainfall and ...
  • Chile Wildfire 13 Apr 2014 - An out of control wildfire in Chile, which has been described as ...
For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.