||International Risk Archive
Global Scale by Coletta Kemper
Best? Maybe Not Good Enough
The U.S. international focus on insurance shifts from 50 states
to a new state of mind.
New Ruling Class
Emerging-market consumers will overwhelm our industry in 15
years unless we are prepped, are flexible and have boots on the
Skilled workers soon will be scarce, while millions of
unskilled will remain jobless. A global crisis looms, yet
little is being done to improve the education gap.
If you build it, they will come. Emerging-market infrastructure
growth portends steady business for brokers.
The Hacktivist Gunslinger
If cyberspace is the world’s new wild, wild West, the
hacktivist is the new outlaw.
A majority of world trade today is in services, yet trade
progress talk focuses on manufacturing. It’s time we
recognize the obvious.
Brokers must help clients understand when a parent company has
an insurable interest in an international affiliate.
While the rest of the world struggles, Asia and Latin America
New trade agreements open new possibilities for the insurance
industry to cross borders with relative ease.
Geopolitics frequently stops data flow at the border, making
global service businesses pay a heavy price.
A Mighty Wind
The new RMS U.S. hurricane model has carriers and brokers
worried about what it will mean at renewal time.
This year’s catastrophic events highlight why you
don’t let your client take undue risks with supply chain
Master policies for multinational risks make sense, but
regulators aren’t structured to accommodate them as
businesses expand internationally.
Caught in the Act
The U.K.’s new Bribery Act can ensnare you on things as
simple as entertainment expenses. Beware.
Global Village People
We face extreme global risks that cannot be addressed by
existing institutions or governments. An international, global
plan of action is required.
An entire village was wiped out in six seconds. As horrific as
Japan’s disaster is, years of planning helped reduce
losses and loss of life.
Market fundamentals challenge the soft market. Global
regulatory scrutiny challenges the cost of doing business. The
G-20 challenges equivalent broker standards. International
protectionism challenges global markets. Had enough?
It might be the way “it’s done here,” but
bribing foreign officials is one very big risk. Willing to
spend 10 years behind bars?
Who's Your Baby Now?
Leadership qualities adopted by female corporate leaders help
their companies outperform other Fortune 500
businesses—especially in tough economic times.
Shareholders are taking notice.
CEIOPs S2” opens in a nation near you in 2012 and leaves
U.S. carriers in their international competitors’ dust.
Hmm. Political motives here? Ya think?
Beyond Our Means
Just 1% of U.S. businesses are in the export game while 73% of
purchasing power lies beyond our borders. Talk about market
potential! (So what’s wrong?)
Taxing the “bad guys” who caused the global
financial meltdown may be popular, but would it work?
Tarzan had Jane. Abbott had Costello. Bonnie had Clyde. Warren
Buffett has Charlie Munger and his Poor Charlie’s
Almanack, filled with economic wisdom.
Oxymorons Among Us
Remind your government decision-makers what good regulation
should look like: First, do no harm. Second, find the real
Avoid risks today, and tomorrow will never arrive. (Can
business really do that?)
It’s getting more and more difficult to be irresponsible
with business risk. Corporate bigwigs may have to change their
Global belt-tightening? Business is loosening its belt to cover
its ever-expanding liability limits.
Happier New Year
Executives around the world see glimmers of hope for the
economy, but it depends on what part of the world you are in.
Will trading more services help pull us out of the global
The disgraced former New York attorney general and governor
affected a lot more than the U.S. brokerage industry. His
influence has been felt worldwide.
You must be as mad as a Mad Hatter to venture into the
fantasyland of U.S. insurance regulation.
Michael Jackson’s promoter learned the hard way that
sometimes fate overtakes events. Be prepared in case it happens
to your client.
When Pigs Fly
Your business or client may not be covered for a swine flu
pandemic. It’s time to get your house in order for the
Britain’s voluntary ruling principles could finally let
some sun shine in.
If AIG is too big to fail, then we had no choice but to save it
to save the economy. But how do regulators know it was too big?
No Quick Fix
“Buy American” sounds patriotic, but it would only
plunge our economy deeper into the abyss.
Destiny’s First Draft
The guardians of risk must manage this global crisis without
panic. Today, we mold the destiny of future generations.
Exports can turn you into an optimist about this economy.
The subprime blob is eating almost everything in its path,
including opportunities to sell your firm.
The time is ripe to look at global solvency standards along the
lines of the EU’s Solvency II plan, which requires
insurers to account for all their risks.
To Have and Have Not
Two political perspectives on foreign trade don't hide the fact
we need to keep the trade doors freely swinging open.
To Better Days
The global economy has see better days, andthe new dane seems a
few quarters away.
When It Reigns, It Cascades
Sovereign calls for cascading excise taxes for foreign
insurance and reinsurance policies on U.S. risks—and
brokers could be left holding the bag.
Good things come in small packages, and that just might be the
case with nanotechnology. Then again, it could all turn into a
Separated at Birth
Brokers are missing out on the beginning of micro-insurance
products. Are you missing out on future clients?
Globalization, while benefiting the economies of the world, may
leave us more vulnerable to new risks.
Close business ties inside the Japanese market effectively
block out competition from foreign brokers and carriers.
When a client’s supply chain breaks, there can be more to
lose than meets the eye. Brokers must help clients put a sound
risk management program in place to mitigate disruption if the
Ditching Old Habits
The European Commission understands that the complexity and
sophistication of risk management in the insurance sector has
outgrown the current scheme for regulating. This alone is a
quantum leap in thinking.
Against My Religion
What if the concept of insurance were against your religion?
Muslims—followers of Islam—do not believe in
insurance, and they make up 28% of the world’s
The British Invasion
If New York’s Dinallo follows the Brit example, insurance
regulation will never be the same.
A Chile Reception
Check your ginormous southern exposure for a potentially
China takes liberties with its trade policies while the U.S.
stares at its rising trade deficit.
The Unspoken Word
Take the Express
Brave New World
Full Leader's Edge Archive. Previously published articles, listed by subject below.