Group captives are the future of risk management and insurance for complex risks
Risk management incubation is the most powerful role any organization can perform in the risk management space.
Tougher SAM risk management standards might make people feel better but they won’t make children safer
We all agree children need to be safer from sexual abuse than they are today but mandatory SAM risk management standards are not the answer to making children safer.
Mandatory standards provide a safe harbour for minimum standards and organizations determined to adopt minimum standards rarely even achieve those.
Fortunately SAM is rare but organizations are under more extreme time and resource pressure than ever.
This means they need greater incentives than compliance with minimum standards or to make rare events even rarer to invest in better SAM risk management.
Do you need to buy SAM insurance now?
As we write this, in August 2020, many organizations will be considering whether they should buy SAM insurance now. Schools are out […]
4 reasons SAM risk may be impossible to manage well
Every sexual abuse and misconduct (SAM) risk manager we have met has, without exception, been relentless in their efforts to manage SAM […]
“Never let a good crisis go to waste.” – Winston Churchill
Rarely does an urgent need to change coincide with an outstanding opportunity for positive change. COVID-19, while it is a tragedy for […]
Insurers engaging a platform strategy will surpass those that aren’t
This article, from McKinsey, is the most exciting article I have yet read about how platforms are going to transform insurance. Its […]
The top three ways we expect SAM risk management will change and the changes to SAM risk that make them necessary.
How SAM risk has changed – and how it is a bigger risk than it used to be Sexual abuse and misconduct […]
As much as SAM risk and SAM insurance are changing, the one thing that really needs to change isn’t.
The nature of sexual abuse and misconduct (SAM) risk is changing. So too is how it is insured. For the last 50 […]
The Catholic Church will stay mired in the abuse crisis until it gets serious about SAM risk management data
The Church will remain rooted in the sex abuse crisis until the collection and analysis of reliable sexual abuse and misconduct (SAM) risk data eliminates subjective, diverse, and often flawed risk management decision making and enables the widespread deployment of objective SAM risk management best practices.
8 reasons datafication will really matter to risk managers and insurers in the future
That data will matter to risk managers and insurers is obvious. What to datafy and how to datafy are the real challenges.