For this week’s post, I am sharing an article I wrote for the latest issue of Carrier Management, a quarterly journal for property & casualty insurance executives. Like previous guest editorials in this and other publications, the principles found within this article are applicable to any organization.
Unless you have been living on Mars for the last couple of years, it’s indisputable that the world is experiencing a rapid level of change, risk, and uncertainty that hangs over every company’s head like a proverbial Sword of Damocles.
Every company, especially in the insurance industry, will have a grasp on certain risks in some form or fashion. However, there are other areas where many companies make mistakes that can be disastrous if left unchecked.
Today’s article discusses common “risk” related mistakes companies make, along with a few tips for how to address them, including foundational issues that may seem obscure and boring but are vital to ensuring long-term success. Also, learn why focusing solely on threats to achieving objectives can be just as dangerous as doing nothing at all.
Thank you to Carrier Management for the opportunity to help their audience better understand common risk management mistakes and steps to begin taking immediate to carpe futurum!
Click the image below to access the full article.
Is your company taking a limited view of risk that will hinder success in this volatile world? Or is it ready to seize the future by expanding its view and position on risk?
Like I mentioned earlier, the examples in this article are specific to the P&C industry, but the concepts are relevant to any industry or organization. If you would like to share your thoughts and experiences, please don’t hesitate to leave a comment below or join the conversation on LinkedIn.
Last but not least, if you find that your company is struggling with issues like this that could be putting its future in jeopardy, take the first step by scheduling a brief call to discuss your specific issue(s) and potential solutions.