Large corporations face a paradoxical crisis: 90% of buildings are underinsured while simultaneously overpaying for coverage, according to Kroll’s 2021 appraisal study. This represents a $221 billion annual global property protection gap (Swiss Re) occurring alongside systematic overpayment driven by pricing inefficiencies, with leading insurers achieving 47% loss ratios versus 73% for laggards—a 26-percentage point… Continue reading The $221 billion scam: why your company is both overcharged and underinsured
Category: Insurance
The loss curve conversation brokers should be having with clients, but alas…
In my years as a head of risk and, more recently, insurance, I’ve come to cherish statistics and transparency over sales pitches and empty promises. The insurance sector, despite its vast potential for foresight, often leaves me yearning for a deeper connection to raw data. The dream? A world where insurance brokers initiate their discussions… Continue reading The loss curve conversation brokers should be having with clients, but alas…
RAW@AI – Risk Management Advisor
We are thrilled to announce the launch of RAW (Risk Academy Wisdom), a cutting-edge AI chatbot designed to help you navigate the world of risk management with ease. Created by RISK-ACADEMY, RAW has been meticulously trained on our extensive collection of blogs, guides, and Alex Sidorenko’s influential book on risk management. RAW is not just… Continue reading RAW@AI – Risk Management Advisor
RISK-ACADEMY’s guide to risk analysis in insurance buying
Confused about securing the right insurance coverage for your business? Look no further! Our new guide provides expert insights, practical advice, and real-life examples to help you confidently navigate the insurance landscape. 🌐 Learn how to: ✅ Assess your company’s risk profile ✅ Identify and shortlist insurance brokers ✅ Prepare an insurance submission ✅ Market… Continue reading RISK-ACADEMY’s guide to risk analysis in insurance buying
Risk management implementation guides by RISK-ACADEMY
Introducing latest RISK-ACADEMY risk management guides. Free download. RISK-ACADEMY’s Risk Management FAQ Welcome to the RISK-ACADEMY guide on risk management! This guide provides expert insights and practical guidance on various aspects of risk management, ranging from risk identification and assessment to risk response planning and risk management integration with organizational strategy. Whether you are a risk management professional or just… Continue reading Risk management implementation guides by RISK-ACADEMY
Book a short call to talk about your risk management or insurance implementation or book a full deep dive
Book a short call to talk about your risk management implementation or risk-based approach to insurance or book a full deep dive to analyse your risk management or insurance and get written recommendations, tips and tricks: https://meet.brevo.com/risk-academy Alex is an experienced executive across strategic, investment and operational risks and insurance working within multibillion dollar corporations… Continue reading Book a short call to talk about your risk management or insurance implementation or book a full deep dive
Are your insurance brokers costing the company too much money? Get rid of bad apples.
In 2021, risk team implemented a quantitative risk-based approach to insurance renewals which resulted in reducing the cost of insurance by 60% and improving the quality of coverage across all insurance lines. This approach allowed us to save, or rather pay a fair price for insurance across the globe. Key to success was not to… Continue reading Are your insurance brokers costing the company too much money? Get rid of bad apples.
Understanding the risk profile is the most important step in insurance decisions, so why isn’t everyone doing it?
In 2021, risk team implemented a quantitative risk-based approach to insurance renewals which resulted in reducing the cost of insurance by 60% and improving the quality of coverage across all insurance lines. This approach allowed us to save, or rather pay a fair price for insurance across the globe. Key to success was not to… Continue reading Understanding the risk profile is the most important step in insurance decisions, so why isn’t everyone doing it?
5 red flags 🚩when selecting an insurance broker
Couple of years ago I was given the responsibility for corporate, non-life insurance across a $10B group of companies. I welcomed the opportunity to combine risk-based quantitative decision making with insurance. Did it work? You be the judge, a year later the company improved the quality of coverage while reducing the cost of insurance by… Continue reading 5 red flags 🚩when selecting an insurance broker
18 best risk management books (updated in 2023)
Welcome, risk professionals, to a carefully curated collection of must-read books that will elevate your risk management and decision-making skills to new heights. This article brings together the most influential and insightful texts in the field, providing you with a roadmap for expanding your knowledge, enhancing your professional expertise, and advancing your career. Divided into… Continue reading 18 best risk management books (updated in 2023)
