Risk Management

A look at the Titanic shows why there must be, in advance, measurements to determine if risk tolerances have been exceeded.

"Interactive finance" will encourage trading in illiquid markets -- and benefit insurers.

<p>Insurers must take an integrated approach to their finance, operations, actuarial and risk functions.</p>

Safety Crusaders don&rsquo;t encourage learning. They&nbsp;jump to conclusions and&nbsp;shut down conversations with fixes and answers; only their&nbsp;view counts.|

The level of risk in construction is increasing, and profits are facing new pressures.

Without an extension of the Terrorism Risk Insurance Act,&nbsp;many high-profile properties will be unable to secure coverage.&nbsp;

Having disjointed systems can mean that&nbsp;each insured risk doesn&#39;t have the appropriate reinsurance program associated with it -- and be&nbsp;a recipe for disaster.

While you may soon be invited to participate on panels and present at conferences, remain humble and teachable. It&rsquo;s painful to learn humility through humiliation.