Podcasts about Zurich Insurance Group

opportunities european union risk zurich inflation reduction act net zero zurich insurance group

Play Episode Listen Later Oct 11, 2023 26:20

As the pressure mounts to hit net-zero targets, initiatives such as the US's Inflation Reduction Act and the EU's Green Deal Industrial Plan indicate the importance nations and political institutions are fixing on businesses to support the climate transition. Inspired by new research from Zurich Insurance Group and Horizon Group, financial analyst and broadcaster Danni Hewson discusses operational challenges, regional disparities and the new role of the risk manager with Anita Horgosi, Zurich's Sustainability Business Development Director for Zurich Resilience Solutions, and Fabienne Serfaty, a strategic consultant and private investor with a long-term commitment to reaching net zero.

Instability, inflation and the 'polycrisis' - the Global Risks Report half a year on

World Economic Forum

Play Episode Listen Later Sep 28, 2023 36:45

managing directors inflation world economic forum marsh instability global risks report zurich insurance group

Instability, inflation and the 'polycrisis' - the Global Risks Report half a year on

World vs Virus

Play Episode Listen Later Sep 28, 2023 36:46

At the start of this year, the World Economic Forum published its annual Global Risks Report - a major survey of sentiment about what are the big things that could go wrong - in the economy, the environment, in health, cybersecurity, geopolitics - and more. In this podcast, we invite back the two guests who appeared on Radio Davos in January to talk about the report and its conclusion that the world faced a 'polycrisis' - a combination of risks from many sources. Carolina Klint, Managing Director at Marsh, and Peter Giger, Group Chief Risk Officer at Zurich Insurance Group, discuss how the 'risk landscape' has changed in the few months since then. January's episode on the Global Risks Report: Welcome to the age of the polycrisis: the Global Risks Report 2023 Read the report: https://www.weforum.org/reports/global-risks-report-2023/ Check out all our podcasts on wef.ch/podcasts: Radio Davos - subscribe Meet the Leader - subscribe World Economic Forum Book Club Podcast - subscribe Agenda Dialogues - subscribe Join the World Economic Forum Podcast Club Join the World Economic Forum Book Club Photo by Sammie Chaffin on Unsplash

leader managing directors inflation world economic forum marsh instability unsplash global risks report zurich insurance group

Environmental Social Justice

Play Episode Listen Later Jul 18, 2023 15:09

Linda Freiner is the Group Head of Sustainability for Zurich Insurance Group Ltd.She is responsible for global strategy development and integration of sustainability across the Zurich Insurance Group. She also oversees management of the Z Zurich Foundation and is a member of the Zurich Leadership Team. Ms. Freiner joined Zurich in 2013 to set up the Zurich Flood Resilience Program. Prior, she was a Global Leadership Fellow at the World Economic Forum from 2007-2013. She sits on the Board of the UN Environment Programme FI Principles for Sustainable Insurance and holds a M.Sc. in Economics from the Stockholm School of Economics.

ms board economics sustainability world economic forum zurich group head stockholm school zurich insurance group

#1,797 - Farmers joins list of insurance companies pulling out of California

Only in Seattle - Real Estate Unplugged

Play Episode Listen Later Jul 14, 2023 19:56 Transcription Available

After another round of musical chairs in the insurance market, Farmers Insurance has become the latest player to reduce their commitment to California. The company is restricting the sales of its new homeowner policies in the Golden State, joining the likes of Allstate and State Farm who have stepped back entirely. The reason? Let's say it's a wild-firestorm of events: California's skyrocketing claim and reconstruction costs due to recurrent wildfires, coupled with surging inflation rates.But, there's another side to the story. Some critics accuse these insurance behemoths of exploiting the crisis for profit. They argue that insurers should be there for policyholders when disaster strikes, not bail out because their margins are under threat. In their defense, these companies claim that they can't cover the mounting costs, partly due to California's regulatory framework which requires state approval for premium increases. The reality? It seems like a classic case of "too hot to handle" - both for the homeowners and the insurance companies.Now, let's add a sprinkle of irony to this wildfire saga. Farmers Insurance, owned by Zurich Insurance Group, is based right in the heart of California, in Woodland Hills. Talk about a homegrown problem! So, as we witness this blazing insurance exodus, one can only ponder: how long before California's insurance market goes up in smoke?#InsuranceExodus #CaliforniaCrisis #WildfireWoesSupport the show

california talk farmers merch pulling rumble golden state reasonable state farm allstate insurance companies woodland hills farmers insurance zurich insurance group go premium

Topping Talks Ep. 22 Tony Giampaolo Head of Cloud & Data Center Zurich North America

Topping Talks

Play Episode Listen Later Apr 4, 2023 56:02

Topping interviews Tony Giampaolo who is the Head of Cloud & Data Center at Zurich North America. Learn about Tony's fascinating journey from working on MTV music videos to starting his own IT consulting company all the way to leading IT for one of the most prestigious and longest lasting insurance companies in the world; Zurich Insurance Group est 1872.Topping Talks is Sponsored by Topping Technologies & ExpressVPN. Protect your online privacy https://www.xvuslink.com/?a_fid=toppi... also if your business needs IT assistance you can reach Topping Technologies at sales@toppingtechnologies.com Follow Topping on Twiitter-https://twitter.com/NicTopping

head north america protect cloud mtv zurich data centers topping giampaolo zurich insurance group twiitter

WEF's The Global Risks Report 2023

Future of Risk

Play Episode Listen Later Feb 22, 2023 18:56

https://www.zurichna.com/knowledge/topics/global-risks-reportThis January, the World Economic Forum released its 2023 Global Risks Report. The 18th annual report highlights the challenges of addressing immediate and long-term risks. For example, the number one risk in the next two years was identified as cost of living crisis, whereas the top risk over a 10-year timeframe was failure to mitigate climate change. The report which is produced in partnership with Zurich Insurance Group and Marsh McLennan, draws on the views of more than 1200 global risk experts, policy makers, and industry leaders. The report argues, among other things, that unless the world starts to cooperate more effectively on climate mitigation and climate adaption over the next 10 years, we will experience continued global warming and ecological breakdown. Guests:Robin A. KemperSr. Risk EngineerZurich Resilience Solutions Reid Sawyer Managing Director Head of Emerging Risks Group and U.S. Cyber Risk Consulting LeaderMarsh

world economic forum marsh mclennan global risks report zurich insurance group

Davos report: Cost-of-living crisis overshadows climate

レアジョブ英会話 Daily News Article Podcast

Play Episode Listen Later Feb 8, 2023 2:10

Climate change is the global economy's biggest long-term challenge but one the world is least prepared to tackle because of short-term problems led by a cost-of-living crisis, the World Economic Forum said in a report. The group's Global Risks Report, released ahead of its annual gathering of government leaders and business elites last month in the Swiss Alpine resort of Davos, offers a bleak outlook. The report based on a survey of 1,200 risk experts, industry bosses and policymakers says the biggest challenges over the next decade involve the environment, yet more immediate challenges are distracting world leaders, some of whom were in Davos for panel discussions and schmoozing at an event that has faced criticism for not producing concrete action. “The coming years will present tough trade-offs for governments facing competing concerns for society, the environment and security,” according to the report co-authored with global insurance broker Marsh McLennan and Zurich Insurance Group. “A failure to mitigate climate change is ranked as one of the most severe threats in the short term but is the global risk we are seen to be the least prepared for,” the report said. Out of the top 10 long-term challenges, respondents said the top four are climate-related: failure to limit or adapt to climate change; natural disasters and extreme weather; biodiversity loss; and ecosystem collapse. Short-term risks are testing pledges to reach net zero emissions of heat-trapping carbon dioxide and “have exposed a gap between what is scientifically necessary and politically palatable,” the report said. “We need to be better at balancing the short-term outlook of risk with the long-term outlook of risk,” said Carolina Klint, risk management leader at Marsh, “and we need to make decisions now that might feel counterintuitive because they might be a little bit costly upfront, but it's just unavoidable.” One example is the big investment needed to speed up the transition away from fossil fuels to sustainable energy, Klint said. This article was provided by The Associated Press.

english crisis dna climate world economic forum davos associated press marsh cost of living top stories cost of living crisis klint marsh mclennan global risks report zurich insurance group

Creértela es necesario, para que te empiecen a pasar las cosas que quieres"

Camino al Sol

Play Episode Listen Later Feb 2, 2023 91:20

"Creértela es necesario, para que te empiecen a pasar las cosas que quieres". Con esta frase guiamos nuestro programa en este lu-martes. Para ti, ¿qué es la humildad? En nuestro espacio de reflexión compartimos lo que dice Cristina Medina Gómez sobre ello. Leemos su escrito: Humildad no es pensar que eres menos, es no creerte más. María Eugenia Ríos-Lamas nos invita a la renovación, la libertad de pensar, a la armonía, conociendo sobre la fuerza interna del renacimiento. Priscila Velázquez, escritora, autora del libro "La cuna del Escorpión", y Clara Morel, actriz, quien se presentará en la obra "La abuela del escorpión". Ambas nos acompañan en vivo para conocer detalles del libro y la obra a presentar. Sr. Cesar Rodríguez, Ejecutivo Senior de Riesgos, nos comparte sobre: Riesgos globales para el 2023: los conflictos alcanzan su punto más álgido entre la crisis urgente del costo de vida y las medidas sostenibles para combatir el cambio climático", basado en el informe de El Foro Económico Mundial, en colaboración con Marsh McLennan y Zurich Insurance Group.

sr mundial quieres pasar las cosas cre ambas riesgos necesario humildad lamas leemos escorpi marsh mclennan zurich insurance group

Welcome to the age of the polycrisis: the Global Risks Report 2023

World Economic Forum

Play Episode Listen Later Jan 11, 2023 29:09

The cost of living crisis around the world is the number one risk in the short-term, according to the latest Global Risks Report, but climate change remains the greatest challenge in the medium and long term. In this episode we hear from two of the people involved in creating the Global Risks Report - required reading ahead of the Annual Meeting in Davos - Carolina Klint, managing director at Marsh, and Peter Giger, Group Chief Risk Officer at Zurich Insurance Group. 'As 2023 begins, the world is facing a set of risks that feel both wholly new and eerily familiar.' So reads the executive summary of the Global Risks Report 2023, the result of a major annual survey conducted by the World Economic Forum in collaboration with Marsh McLennan and Zurich Insurance Group. 'We've seen a return of older risks inflation, cost of living crises, trade wars, capital outflows from emerging markets, widespread social unrest, geopolitical confrontation, and the spectre of nuclear warfare which few of this generation's business leaders or public policymakers have experienced.' The Global Risks Report is a fascinating read. It looks at short-term and long-term perceptions. And in the longer term, or the medium term, the threat posed by climate change is the top risk on a ten-year time horizon. But in the short term, worries about natural disasters and extreme weather fall to second place, pushed off the top spot by the cost of living crisis. You can find the report at . It's required reading ahead of the World Economic Forum's Annual Meeting in Davos where figures from government, business, academia and civil society will come together to discuss the world's most pressing issues. Report Link: Executive Summary: Press Conference livestream and replay link: Follow all the action from the World Economic Forum's Annual Meeting 2023 at and across social media using the hashtag #WEF23. Subscribe on any platform: Join the Check out all our podcasts on wef.ch/podcasts:

world economic forum davos marsh annual meetings polycrisis marsh mclennan global risks report zurich insurance group world economic forum's annual meeting

Welcome to the age of the polycrisis: the Global Risks Report 2023

World vs Virus

Play Episode Listen Later Jan 11, 2023 29:10

The cost of living crisis around the world is the number one risk in the short-term, according to the latest Global Risks Report, but climate change remains the greatest challenge in the medium and long term. In this episode we hear from two of the people involved in creating the Global Risks Report - required reading ahead of the Annual Meeting in Davos - Carolina Klint, managing director at Marsh, and Peter Giger, Group Chief Risk Officer at Zurich Insurance Group. 'As 2023 begins, the world is facing a set of risks that feel both wholly new and eerily familiar.' So reads the executive summary of the Global Risks Report 2023, the result of a major annual survey conducted by the World Economic Forum in collaboration with Marsh McLennan and Zurich Insurance Group. 'We've seen a return of older risks inflation, cost of living crises, trade wars, capital outflows from emerging markets, widespread social unrest, geopolitical confrontation, and the spectre of nuclear warfare which few of this generation's business leaders or public policymakers have experienced.' The Global Risks Report is a fascinating read. It looks at short-term and long-term perceptions. And in the longer term, or the medium term, the threat posed by climate change is the top risk on a ten-year time horizon. But in the short term, worries about natural disasters and extreme weather fall to second place, pushed off the top spot by the cost of living crisis. You can find the report at wef.ch/grr2023. It's required reading ahead of the World Economic Forum's Annual Meeting in Davos where figures from government, business, academia and civil society will come together to discuss the world's most pressing issues. Report Link: https://www.weforum.org/reports/global-risks-report-2023/ Executive Summary: https://www.weforum.org/reports/global-risks-report-2023/digest Press Conference livestream and replay link: https://www.weforum.org/agenda/2023/01/global-risks-report-2023-press-conference/ Follow all the action from the World Economic Forum's Annual Meeting 2023 at wef.ch/wef23 and across social media using the hashtag #WEF23. Subscribe on any platform: https://pod.link/1504682164 Join the World Economic Forum Podcast Club Check out all our podcasts on wef.ch/podcasts: Meet the Leader WEF Book Club Podcast Agenda Dialogues

global leader risks world economic forum press conferences davos marsh annual meetings executive summary polycrisis marsh mclennan global risks report zurich insurance group world economic forum's annual meeting

PROYECCIONES 2023 EP 575 Fuerte advertencia del Foro de Davos sobre la Argentina

PROYECCIONES 2020 - EPISODIO 1

Play Episode Listen Later Jan 11, 2023 67:23

INFORME BLOOMBERG DE MERCADOS ARGENTINA 1985 GLOBO DE ORO INFORME EN MITRE MARINA DAL POGGETO : PANORAMA ECONOMICO ACTUAL, PERSPECTIVAS Y LA REFORMA DEL INDEC INFORME POLITICO UNIVERSIDAD SAN ANDRES El Foro Económico de Davos (WEF, según su sigla en inglés) advirtió que la Argentina enfrenta una serie de riesgos serios en su economía como la alta inflación, problemas potenciales con su deuda soberana y falta de abastecimiento de materias primas Así lo indicó en el “The Global Risks Report 2023″, previo al inicio de la sesión anual del WEF, que se desarrollará del 16 al 20 de este mes, en el que señaló los principales riesgos que enfrenta la Argentina: “Inflación rápida y/o sostenida; Crisis de la deuda; proliferación de la actividad económica ilícita; colapso del Estado; y crisis graves de suministro de materias primas”. En cuanto a la inflación, el informe de 98 páginas preparado por el WEF con Marsh McLennan y Zurich Insurance Group, expresó que “el manejo de la inflación es una preocupación mundial”. Al respecto, la “inflación rápida y/o sostenida” también se destacó como uno de los cinco principales riesgos durante los próximos dos años en 89 de los países encuestados en la encuesta, un aumento significativo desde 2021″. Por otro lado, explicó que “los flujos de capital globalizados en las últimas décadas han aumentado la exposición de los mercados emergentes y en desarrollo a las tasas de interés en aumento, especialmente aquellos con una alta proporción de deuda denominada en dólares, como Argentina, Colombia e Indonesia”. El 67% de la deuda soberana argentina está denominada en moneda extranjera; desde fines del 2019, los pasivos soberanos llegaron a un récord, con un incremento cercano a USD 72.000 millones. Por otro lado, consideró que “la polarización social y política también puede reducir aún más el espacio para la resolución colectiva de problemas para abordar los riesgos globales”. “La extrema derecha ha sido elegida en Italia y ahora es el segundo partido más grande de Suecia, mientras que la izquierda ha resurgido en América Latina. Las elecciones nacionales se llevarán a cabo en varios países del G20 en los próximos dos años, incluidos los Estados Unidos de América, Sudáfrica, Turquía, Argentina, México e Indonesia”, precisó. Alta inflación “Se clasificó como la principal amenaza en varios países del G20, incluidos Brasil, Corea del Sur y México, aunque las presiones inflacionarias han afectado tanto a las economías desarrolladas como en desarrollo. Las tasas de inflación superaron el 80 por ciento en Argentina y Turquía, mientras que Zimbabue, la República Bolivariana de Venezuela, el Líbano, la República Árabe Siria y Sudán registraron una inflación de tres dígitos”, indicó en sus conclusiones. La Argentina registró en 2022 una inflación cercana al 95%, la mayor desde 1991 y la segunda más alta de América latina después de Venezuela; para 2023, el Gobierno proyectó una suba de los precios del 60%, pero los analistas creen que se repetirá un número cercano al 100 por ciento.

Versicherungsfunk Update 20.12.2022

Versicherungsfunk

Play Episode Listen Later Dec 20, 2022 2:37

Die Themen im heutigen Versicherungsfunk Update sind: Allianz und Volvo dehnen Versicherungskooperation aus Volvo Financial Services und Allianz vertiefen die gemeinsame Partnerschaft und bieten seit dem 1. September auch ein spezielles Versicherungspaket für Kunden von Volvo- und Renault-Trucks an. Das Versicherungsangebot soll auch für E-Trucks gelten, die ab sofort auf den Markt kommen. Alte Leipziger Leben mit neuer Leitung für das Privatkundengeschäft Seit Dezember leitet Nadine Beeckmann das Privatkundengeschäft der Alte Leipziger Lebensversicherung. Sie tritt damit die Nachfolge von Detlef Voit an, der zum Ende des Jahres gemeinsam mit seinem Stellvertreter und Prokuristen Thomas Weigand in den Ruhestand geht. Auf Thomas Weigand folgt Oliver Ebel als Leiter des Bereichs Antrag und Bestand. Inter hebt Gesamtverzinsung an Die Inter Lebensversicherung AG erhöht für das kommende Jahr die laufende Gesamtverzinsung. Für Neu- und Bestandskunden liegt sie in 2023 nun bei 2,25 Prozent (Vorjahr 2 Prozent). Einmalanlagen werden wieder gleichgestellt und erhalten ebenfalls 2,25 Prozent (Vorjahr 1,75 Prozent). Hinzu kommen Schlussüberschussanteile – beim laufenden Beitrag liegt die Gesamtverzinsung damit bei durchschnittlich 2,73 Prozent (Vorjahr 2,52 Prozent). Moderne Parodontitis-Therapie für Privatversicherte Die Bundeszahnärztekammer (BZÄK), die Vertreter der Beihilfe und der Verband der Privaten Krankenversicherung (PKV) haben gemeinsam eine neue Abrechnungsbasis für Leistungen der Parodontologie auf dem aktuellen Stand der Zahnmedizin entwickelt. Damit wird die moderne Parodontologie in der Gebührenordnung für Zahnärzte (GOZ) abgebildet und zu leistungsgerechten Honoraren vergütet. Bisher waren einige dieser modernisierten Leistungen nicht ausreichend in der GOZ abgedeckt. Allianz-Industrieversicherer strebt Führungsrolle im Bereich Nachhaltigkeit an Um das Thema Nachhaltigkeit gemeinsam mit ihren Kunden und im eigenen Unternehmen weiter voranzutreiben, hat Allianz Global Corporate & Specialty (AGCS) eine eigene Organisation für Umwelt-, Sozial- und Governance-Aktivitäten eingerichtet. Die neue Einheit soll Gabrielle Durisch leiten, die von der Zurich Insurance Group kommt. Zudem wurde Ralf Heintges bereits im September zum „Global Head of ESG & Sustainability Governance“ ernannt. Schon im Juli hatte Katja Oristanio die Rolle des „Head of ESG Operations“ übernommen. PrismaLife blickt auf ein erfolgreiches Jahr 2022 zurück Die PrismaLife AG erzielt nach vorläufigen Zahlen für das Geschäftsjahr 2022 erneut ein Umsatzwachstum. So steigen die Bruttobeitragseinnahmen auf mehr als 140 Millionen Euro. Das Neugeschäft stieg im Vorjahrsvergleich um rund 30 Prozent. Zum Jahresende erwartet die PrismaLife eine deutliche Verbesserung der Solvabilitätsquote in der Größenordnung von 175 Prozent.

31. An OD Leader's Expat Journey with Berry Lumpkins

Mission First People Always's podcast

Play Episode Listen Later Dec 6, 2022 44:01

What's it like for a native of Tennessee to build a successful in learning, leadership development, and organizational development in Europe and the Middle East? Today, we find out because we're talking to Berry Lumpkins. Berry has followed a very non-traditional career path that took him from the home of country music to exotic, far away places in Europe and the Middle East. Berry Lumpkins is currently the Global Director of Organizational Development at NKT Group based in Copenhagen, Denmark. Prior to joining the NKT Group, Berry held a number of global and regional roles with DP World, FAB (First Abu Dhabi Bank), Zurich Insurance Group, A.P. Moller-Maersk and Siemens focusing in the areas of learning, leadership development, talent and culture, based in the US, Europe and the Middle East. He holds an MA in Ethics from the University of Wales, UK, and a BA in Philosophy from Austin Peay State University in Clarksville, TN. Berry is a dual national (Sweden & USA), currently living in Sweden with his wife, two children, and a cat. On today's episode you'll learn: Berry's expat journey from that's taken him around the world What it takes to be successful in a cross-cultural environment How to respect the culture of the host country, while remaining authentic delivering unique value People's similarities and differences across countries and cultures Key Leadership Lessons from a career spent overseas Links for This Episode: LinkedIn: https://www.linkedin.com/in/berrylumpkins Manage HR Article: https://leadership-development-mena.managehrmagazine.com/cxoinsight/-3-great-leadership-lessons-from-my-career--nwid-1041.html Connect with Dr. Mike: Website: https://www.drmikepatterson.com Book: https://www.missionfirstpeoplealwaysbook.com LinkedIn: https://www.linkedin.com/in/drmichaellpatterson Instagram: https://www.instagram.com/therealdrmikepatterson/ Twitter: https://twitter.com/drmikepatterson Buy The Book!: Mission First People Always Episode Minute By Minute: 0:02 What's inside today's episode 5:00 Get to know Berry Lumpkins 12:27 Berry's unique approach to teaching 19:25 The dangers of stereotyping the ones you lead 23:00 The power of hospitality and going the extra mile 28:21 Lessons every leader needs to understand 37:08 The craziest thing that's happened to Berry abroad

22: Digital Transformation in the Asia Pacific Region- Conversation with a New Leader

FS Brew

Play Episode Listen Later Sep 12, 2022 36:39

We spoke to Roopa Malhotra- Head of Customer & Digital, APAC, Zurich Insurance Group LinkedIn: https://www.linkedin.com/in/roopamalhotra APAC is a hugely diverse, exciting and complex landscape to manage with each country having its unique strengths and opportunities. We dug deeper into what it takes to drive digital transformation in the region, building on insurtechs innovation and incumbent's distribution strengths to build a solid insurance business, the importance of people focus a key sauce to success and much more!! Roopa Malhotra is the Head of Customer & Digital, APAC for Zurich Insurance Group, and became a member of the Zurich Regional Committee in March 2022. Ms. Malhotra is responsible for driving the digital strategy across the region with customer-focused propositions across channel partners and digital ecosystem players. Before joining Zurich Group, Ms. Malhotra was Head of Digital for Chubb Insurance in the Asia Pacific. Over the years in the industry, she has gained well-rounded expertise in different aspects, including Natural Catastrophe risk management, digital product development, and partnership management. Ms. Malhotra started her career in India as a financial analyst with the leading hedge fund - D.E. Shaw Group, before entering the insurance industry and holding positions with AIG and MSIG. A passionate Diversity and Inclusion champion, Ms. Malhotra was also recognized as one of the rising female leaders in the region by Insurance Business Asia in 2021. Ms. Malhotra holds an MBA in Finance with certifications in design thinking for innovation, and she is currently pursuing a Postgraduate Certificate in Sustainable Business from the University of Cambridge. She also actively volunteers at organizations like ‘All Hands and Hearts' for disaster relief and Singapore's ‘Alzheimer's Disease Association' and is a fitness enthusiast. #asia #zurich #motorinsurance #fsbrew #claims #insurance #lifeinsurance #healthinsurance --- Send in a voice message: https://anchor.fm/fsbrew/message

RCap insolvency: Will creditors lose out in the resolution?

Business Standard Podcast

Play Episode Listen Later Sep 1, 2022 6:44

Reliance Capital's resolution has received tepid response as only four firms have made financial bids for the entire company, including its subsidiaries, under the insolvency process. IndusInd, Torrent, Oaktree Capital Management, and B-Right Realestate have submitted bids in the range of just Rs 4,000 crore. When the resolution process began, over 50 firms had submitted Expression of Interest for various assets, but only a handful of bidders were engaged. The bids have to be approved by a lender's committee. Lukewarm response for RCap asset: 1) IndusInd, Torrent, Oaktree Capital Management, and B-Right Realestate placed bids 2) All bids were placed in the range of Rs 4,000 crore. The process for asset sale of debt-ridden Anil Ambani's Reliance Capital had kick-started in November last year, when the Reserve Bank of India (RBI) superseded its board for payment defaults and initiated bankruptcy proceedings. Y Nageshwara Rao was appointed administrator for the corporate insolvency resolution process. After Srei Group's shadow banking arm and DHFL, Reliance Capital is the third NBFC to go under insolvency under IBC. Reliance Capital has a consolidated debt of about Rs 50,000 crore. But to expedite the sale process, the lenders hived off two entities of RCap --- Reliance Commercial Finance and Reliance Home Finance --- into a trust for a separate resolution process. It was done so that the bidders don't deal with debt of these two entities, which is around Rs 25,000 crore. Secured creditors have claimed Rs 22,122 crore and unsecured creditors around Rs 3,212 crore after the company was sent to insolvency. Major lenders include Life Insurance Corporation, YES Bank among others. Reliance Capital's lenders had offered two options to all the bidders. Under the first option, companies had to bid for Reliance Capital as a whole, including its subsidiary companies. Under the option-2, bidders have the freedom to bid separately for individual arms of Reliance Capital. Due to a tepid response from the bidders, the lenders earlier had to extend the timeline for submission of bids and the resolution process several times. The deadline for completion of the corporate insolvency resolution process of the company is November 1, 2022. Reliance Capital's eight businesses were on the block for bidding including general insurance, securities and asset reconstruction businesses. Under the second option, Reliance Capital's general insurance received bids from Piramal Group, Zurich Insurance Group, and Advent International. While, the company's ARC business got bids from Jindal Steel & Power and UV Asset Reconstruction Company, Choice Equity, Global Fincap, and Grand Bhawan have placed bids for other assets of Reliance Capital. Please include the byte: Ashvin Parekh, Managing Director, Ashvin Parekh Advisory Services LLP says, the bids for Reliance Capital assets were on the lower side. Lenders have few options left before approving the bids. But the poor response indicates that lenders are in for massive haircuts. It also showcases bidders' concerns, especially over equity of Reliance General Insurance, held by IDBI Trusteeship on the behalf of Credit Suisse. IDBI Trusteeship has refused to release these shares for the ongoing NCLT led resolution process. The condition to make all-cash bids also proved a hindrance in the resolution process Mukesh Chand, Senior Counsel, Economic Laws Practice says the committee of creditors will likely negotiate with proposed bidders. CoC will try and work out a best possible resolution plan with the bidders. If viable options don't come out in negotiation process, big haircut is on the cards. As the bids are placed, the ball is in the lender's court now. They have to take a call on the value of bids and evaluate other options, including negotiating a better deal with the proposed bidders. Whatever may be the case, it is in the creditors' best interest to comple

resolutions managing directors arc expression rs credit suisse lukewarm secured lenders reserve bank senior counsel torrent ibc coc insolvency creditors oaktree capital management advent international yes bank nbfc nclt zurich insurance group india rbi anil ambani dhfl life insurance corporation

Global Weekly News Roundup Aug 08-12 2022

IBA Talk

Play Episode Listen Later Aug 11, 2022 7:18

Insurance Business brings you a weekly news roundup from across the global insurance industry including: -Challenging times for the insuretech market, Gallagher RE tells Insurance Business -AIG, Zurich Insurance Group, and Munich Re among industry's quarterly results -FM Global to allocate first-of-its-kind climate resilience credit -Record wet July for New Zealand -General insurance business in Australia faces challenges, KPMG says These stories and more on the Insurance Business website.

australia global record challenging munich re insurance business weekly news roundup zurich insurance group

20: Claims Transparency can increase Life Insurance adoption in the MENA: Wilson Varghese of Zurich Middle East

FS Brew

Play Episode Listen Later Jul 19, 2022 31:00

We caught up with Wilson Varghese, General Manager and Head of Operations, Zurich Middle East, part of Zurich Insurance Group. Wilson spoke in length about the Customer Benefits report recently released by Zurich Middle East and the relevance of this report in order to raise awareness about #lifeinsurance and #BeBetterPrepared. We also spoke about the incredible changes within the health insurance space, the various #trends like #wearables and #tech that are shaping the industry and how an incumbent insurer like Zurich Insurance are gearing up to these changes! We even got to dig deeper into his roles and responsibilities and how keeping the insurance promise- 'claims experience' remains at the heart of his role. If you are keen to read about Zurich Middle East's Customer Benefits report, click here: https://lnkd.in/drsqHicb --- Send in a voice message: https://anchor.fm/fsbrew/message

head middle east operations adoption general managers transparency claims zurich life insurance mena varghese zurich insurance zurich insurance group

Digitalisierung ist ein Freund der Mutigen

Digital Insurance Podcast

Play Episode Listen Later Jun 1, 2022 40:04

In dieser Folge des Digital Insurance Podcast spreche ich mit Peter Stockhorst, Vorstand Direct & Digital der Zurich Gruppe Deutschland und CEO der DA Direkt über die Bedeutung von Rückendeckung durch den Vorstand bei Innovations- und Digitalisierungsprojekten in Unternehmen Die Zurich Gruppe in Deutschland gehört zur weltweit tätigen Zurich Insurance Group. Mit Beitragseinnahmen von rund 6,3 Milliarden Euro und rund viereinhalbtausend Mitarbeitern zählt Zurich zu den führenden in Deutschland. Digitalisierung sei laut Peter Stockhorst kein Selbstzweck, sondern am Ende ginge es stets darum, Versicherungen für den Kunden besser zu machen. Der Prozess vollzieht sich entlang der gesamten Wertschöpfungskette. Der Trend der letzten Jahre zeige klar in eine Richtung: Mehr und mehr Vertragsabschlüsse werden online vollzogen und die Nutzung von Online-Services nimmt zu. Bei der KFZ-Versicherung finde inzwischen jeder dritte Abschluss online statt, erklärt Stockhorst. In den anderen Sparten sieht es nicht anders aus. In zehn Jahren werde dennoch nicht alles digital sein. Ein Begriff, der im Laufe des Gesprächs zwischen Jonas Piela und Peter Stockhorst immer wieder eine Rolle spielt, ist„Rückendeckung”. Jene Digitalisierung Prozesse können nur effizient verfolgt werden, wenn sie vonseiten der CEOs und dem Top-Management mitgetragen würden, erklärt Stockhorst. Das sei insbesondere der Fall, da Organisationen dazu neigen, “am Bestehenden, am Bewährten festzuhalten”. Links in dieser Ausgabe Zur Homepage von Jonas Piela Zum LinkedIn-Profil von Jonas Piela Zum LinkedIn-Profil von Peter Stockhorst Über diesen Podcast Folgt uns auf LinkedIn für mehr Podcast-Updates Zur Podcast-Website Wir suchen immer nach neuen und spannenden Gesprächspartnern. Meldet euch bei Susan.

30 Years of Catastrophe Modelling: Lessons for Risk Professionals

Climate Risk Podcast

Play Episode Listen Later May 26, 2022 35:55

Hear from Fathom's Matthew Jones and Andrew Smith as we discuss the challenges and opportunities created by climate change for modellers of physical risk. Modelling physical risks, particularly from natural catastrophes, is challenging, requiring specialist knowledge and complex data sets. Additionally, with climate change affecting the frequency and severity of many natural catastrophes, these models need to start incorporating future risk from climate change. Today's episode will explore this growing need for new and sophisticated climate analytics providers in the financial sector, with a particular focus on flood risk. We'll uncover lessons for risk professionals from: The evolution of natural catastrophe modelling in the (re)insurance industries The development of the current physical risk modelling ecosystem, including the establishment of industry-syndicated data and modelling standards The importance of a transparent and diverse model vendor market, and how this has fostered a culture of collaboration and innovation. Links from today's discussion: Fathom flood risk intelligence homepage: https://www.fathom.global/ Oasis Loss Modelling Framework (LMF) homepage: https://oasislmf.org/ Oasis LMF on GitHub: https://github.com/OasisLMF/OasisLMF Nasdaq Risk Modelling for Catastrophes platform: https://www.nasdaq.com/solutions/nasdaq-risk-modelling-for-catastrophes Oasis LMF, Open Exposure Data Standard homepage: https://www.nasdaq.com/solutions/open-exposure-data-oed Climate Biennial Exploratory Scenario (CBES) explained on the Bank of England website: https://www.bankofengland.co.uk/stress-testing/2021/key-elements-2021-biennial-exploratory-scenario-financial-risks-climate-change FEMA Flood Maps (US Department of Homeland Security): https://www.fema.gov/flood-maps Speaker Bios Andrew Smith, Co-Founder and Chief Operations Officer at Fathom Andy is one of the co-founders and directors at Fathom. He completed a PhD under Professor Paul Bates, and it was whilst undertaking his PhD that the idea of founding a company first emerged. This quickly led to a change in his research focus, from climate change impact studies, to the development of large scale flood models, leading to numerous publications in this field. Since completing his PhD in 2014, Andrew undertook a post-doctoral research position at the University of Bristol before becoming Chief Operations Officer at Fathom full-time in 2016. Matthew Jones, Chief Product Officer at Fathom Matt joined Fathom in 2022, leaving his position as Head of Catastrophe Risk Product at Nasdaq, where he led the development of Nasdaq's Oasis-based multi-vendor catastrophe risk modelling platform. Prior to joining Nasdaq, Matt has held several roles linked to catastrophe modelling, including founding Cat Risk Intelligence, a UK based company providing catastrophe risk management consultancy to the (re)insurance industry, and as Global Head of Catastrophe Management for the Zurich Insurance Group. Matt has a PhD in Oceanography and Remote Sensing from University College London and is a co-author of ‘Natural Catastrophe Risk Management and Modelling: A Practitioner's guide'.

Risk and resilience in a world redefined

head ukraine risk resilience redefined macroeconomics chief risk officer chief market strategist commercial insurance zurich insurance group

Play Episode Listen Later Apr 28, 2022 14:13

In the wake of the Ukraine crisis, pandemic challenges, supply chain woes and cyber risks, how can businesses adapt to risk and build resilience. We are joined by Guy Miller, Chief Market Strategist and Head of Macroeconomics, and Eugenie Molyneux, Chief Risk Officer of Commercial Insurance – from Zurich Insurance Group.

The Impact of Artificial Intelligence on Law with Chris Garrod, Director of Insurance and Technology at Conyers Dill & Pearman

On Record PR

Play Episode Listen Later Mar 28, 2022 36:55

In this episode of On Record PR, Jennifer Simpson Carr goes on record with Chris Garrod, Director of Insurance and Technology and head of the FinTech group at Conyers Dill & Pearman, to discuss the impact of artificial intelligence on the practice of law. Learn More Chris Garrod is a Director in the Corporate department of Conyers Dill & Pearman. He is a member of the firm's insurance practice in Bermuda. Chris specializes in advising on reinsurance and ILS structures, including large commercial insurers, life reinsurers, special purpose insurers, cat bonds, sidecars and segregated account vehicles. In addition to his insurance practice, he also advises on all aspects of Bermuda corporate law, including mergers and acquisitions, takeovers, reorganizations and re-domestications. He has also formed cryptocurrency vehicles using blockchain-based technology, forming Bermuda's first digital token issuer in late 2017. Chris is also a member of the Government of Bermuda's Blockchain legal and working group and the Bermuda Business Development Agency's Blockchain working group. With over 15 years of experience working in Bermuda's reinsurance market, Chris acts for a number of large commercial insurers/reinsurers including Assured Guaranty, Chubb, Essent Re, Everest Re, Markel Corporation, Sirius International Insurance Group, Tokio Millennium Re, White Mountains Insurance Group, XL Group, and Zurich Insurance Group. He has also been involved in the formation of a number of segregated account “alternative” reinsurance and ILS platforms, acting for reinsurers, investment hedge funds, investment managers, pension plans, investment banks and listed companies. Additionally, he acts for numerous Lloyd's syndicates which have Bermuda platforms. Finally, Chris sits on various reinsurance and captive boards in a non-executive capacity advising on Bermuda insurance regulatory and general corporate legal updates to those boards. Internationally recognized as a leading lawyer, Chris has been recommended in a number of legal directories including Chambers Global and Legal 500, where clients note that his “main strengths are his responsiveness and depth of knowledge” and that he is “very knowledgeable about Bermuda regulations and has a good working relationship with the Bermuda Monetary Authority.”

#85 - Jens Bernhardt (Iconic Funds) - Deep Dive into Family Offices, Private Banking, and Wealth Management

The Wall Street Lab

Play Episode Listen Later Feb 17, 2022 48:57

Jens Bernhardt is the Founder and Managing Partner of Bernhardt Advisory, a multifamily office, an M&A service provider, and placement agent for private equity funds in Germany. Before founding his own company, Jens was Chief Investment Strategist of the family office service provider subsidiary of Sal. Oppenheim, which at the time in 2008, was Europe's largest independent private bank. Jens previously has been a member of the Board of Deutsche Wohnen, a property company listed in Germany's main index, the DAX. Before that, he was Chief Investment Officer for Germany at Zurich Insurance Group, Switzerland's biggest insurance company. And before that, he was Chief Investment Officer at Skandia Life Insurance. And even before that, Jens was a management consultant and fund manager. Jens holds an MBA from Cambridge and a PhD from the University of Kassel. In this episode Jens gives us an overview of the Private Wealth space. This includes similarities and differences between Family Offices, Wealth Managers, and Private Banks. As an industry veteran, Jens gets into the benefits and struggles of Family Offices.

The Global Risks Report 2022 - Risks on Earth, in space and in the metaverse

earth space climate metaverse world economic forum marsh continental europe global risks report zurich insurance group

Play Episode Listen Later Jan 18, 2022 29:32

Climate change is the number one risk we face as a species, according to the World Economic Forum's annual Global Risks Report. We look at what a ‘disorderly transition' to net-zero might look like, and also examine the new risks posed by rapidly changing technology.With Peter Giger, Group Chief Risk Officer at Zurich Insurance Group and Carolina Klint, Risk Management Leader, Continental Europe, Marsh

Risks on Earth, in space and in the metaverse - the Global Risks Report 2022

World vs Virus

Play Episode Listen Later Jan 14, 2022 29:33

Climate change is the number one risk we face as a species, according to the World Economic Forum's annual Global Risks Report. We look at what a ‘disorderly transition' to net-zero might look like, and also examine the new risks posed by rapidly changing technology. Guests: Peter Giger, Group Chief Risk Officer at Zurich Insurance Group; Carolina Klint, Risk Management Leader, Continental Europe, Marsh Read more: www.weforum.org/reports/global-risks-report-2022

earth space climate change climate metaverse world economic forum davos 2022 wef continental europe global risks report zurich insurance group

Risks on Earth, in space and in the metaverse - the Global Risks Report 2022

World Economic Forum

Play Episode Listen Later Jan 14, 2022 29:32

Climate change is the number one risk we face as a species, according to the World Economic Forum's annual Global Risks Report. We look at what a ‘disorderly transition' to net-zero might look like, and also examine the new risks posed by rapidly changing technology. Guests: Peter Giger, Group Chief Risk Officer at Zurich Insurance Group; Carolina Klint, Risk Management Leader, Continental Europe, Marsh Read more:

earth space climate metaverse world economic forum continental europe global risks report zurich insurance group

Financing net-zero: turning rhetoric into action

head action turning financing rhetoric net zero responsible investment zurich insurance group

Play Episode Listen Later Oct 12, 2021 9:57

How can governments and companies rise to the financing challenge of transitioning to a net-zero economy while building resilience into their long-term policies and business models? Listen to this podcast with Guy Miller – Chief Economist, Zurich Insurance Group andJohanna Köb – Head of Responsible Investment, Zurich Insurance Group

Aviva CEO Amanda Blanc

The Little Questions

Play Episode Listen Later Sep 22, 2021 35:47

On this edition of The Little Questions podcast we are out on the road to chat to Amanda Blanc, the Group CEO of insurance giant, Aviva. During this wide ranging interview we discuss her views on confidence being contagious; why good CEO's need to be good communicators and what she really wants from a good PR. Amanda was born and bred in Wales, having grown up in the Rhondda Valley. She started her career as a graduate at one of Aviva's ancestor companies, Commercial Union. Following success in senior executive roles across the insurance industry, she came back to Aviva as CEO in July 2020. Amanda was formerly Group CEO at AXA UK, PPP & Ireland and CEO Europe, Middle East, Africa & Global Banking at Zurich Insurance Group. She also held executive leadership positions at Towergate Insurance Brokers, Groupama Insurance Company and Commercial Union. Amanda has previously served as Chair of the Association of British Insurers, Chair of the Insurance Fraud Bureau and President of the Chartered Insurance Institute. What do you think makes a good CEO? We'd love to hear from you. Get in touch on social media or email podcast@apellaadvisors.com The Little Questions podcast is presented by Matt Young and Andrew Brown. Matt Young is an Apella founder partner with 25 years of experience in corporate affairs. He was Corporate Affairs Director at Lloyds Banking Group, part of the senior team which rescued the bank and rebuilt its reputation following the financial crisis. Formerly communications director at Santander UK and board member of the BBA. Apella partner Andrew Brown is a former Director of Communications and Public Affairs at Ageas Insurance. He has more than ten years' experience leading the corporate affairs functions for global firms across a range of regulated and unregulated sectors, developing considerable experience in issues, crisis and change management. Formerly Director of Communications at Drax Group plc and Group Corporate Affairs Director at Regus plc. Find out more about Apella Advisors at www.apellaadvisors.com and you can get in touch by emailing podcast@apellaadvisors.com This podcast was produced by the www.thepodcastcoach.co.uk

Episode 15: Organisational health and talent strategy in a purpose and performance led business, David Henderson, Group CHRO at Zurich Insurance Group

How HR Leaders Change the World

Play Episode Listen Later Aug 3, 2021 42:30

David Henderson shares his work in building organisational health in a purpose and performance led business. David also describes how technology and the pace of change impact talent strategy and work sustainability, why youth employment pathways are vital, his views on driving out unconscious bias and examples of success in gender balance. Leaving us with an inspiring call to action, David explains why aspiring to a superior employee experience impacts positive change in society. Here's a snapshot of a few things we talked about: [3:09] The intersection of performance and purpose and creating a culture where they co-exist [5:00] Organisational health, from an initial health check to a journey to employee-centric and purpose-led action [8:59] Managing performance through purpose [11:44] Technological change and the impact on work sustainability [20:15] Youth employment and equal access to workplace opportunities, the positive impacts for an inclusive workforce and for society [31:05] Driving out unconscious bias and example of success in gender balance [37.43] Why we must aspire to creating a superior employee experience “I love How HR Leaders Change the World” – if that sounds like you, please consider rating and reviewing our show! This helps us achieve our goal, to reach more of your peers, so we can all contribute to further and faster change. Scroll to the bottom, tap to rate with five stars, and select “Write a Review”. Be sure to let me know what you loved most about the episode! Also, if you haven't done so already, subscribe to the podcast. We'll add a bunch of bonus episodes to the feed and, if you're not subscribed, there's a good chance you'll miss out. Subscribe now!

world health performance managing leaving write youth driving human resources scroll technological chro organisational people management talent strategy cipd david henderson zurich insurance group

The Building BITE: Demystifying Subcontractor Default Insurance

The Building BITE

Play Episode Listen Later Aug 1, 2021 29:36

Please tune in to this episode of The Building BITE Podcast, as we hear from industry experts about key topics to help you be successful. In this episode, hosts Peter Duggan and Mike Diercksen, CRIS, welcome Nils Sorenson, Innovative Insurance and Risk Management Customer Advocate at Gallagher. Nils sets the stage for his podcast, explaining what SDI is and why it was created in the first place. He elaborates on what he believes is the most significant barrier for General Contractors looking to shift from Bonding to SDI. Throughout the show, Nils breaks down the evolution of SDI into three periods: 1. Early Creation 2. Product Evolution 3. Current Time Period Nils outlines the influence of Zurich Insurance Group and their Subguard product, first introduced in 1995, which has led the way to what we now know as SDI. Nils thoroughly walks us through the evolution of SDI and how the market has grown from a lone policy to a market that now features 7 Carriers. Nils provides excellent insight into the industry's evolution when he breaks down the specific changes in the market as more General Contractors are gravitating to the SDI space. One significant change was “an increase in due diligence that was happening with the loss control group” as more GCs bought coverage. He ends the journey elaborating on the current landscape with seven Carriers, their differences and offers additional market insights. Nils shares direct insights on how Brokers factor into the overall equation as they are the key to the network of distribution. Brokers bring unique experience and expertise while acting as an excellent resource for knowledge sharing and information to Insureds. Please like, share, and subscribe to this podcast!

insurance bite demystifying default gallagher nils bonding brokers carriers general contractors gcs subcontractors sdi zurich insurance group

Future of work – how has the COVID-19 pandemic re-shaped the agenda?

EURACTIV Events

Play Episode Listen Later Jun 25, 2021 76:23

Even before the COVID-19 pandemic, many countries had experienced transformations in their labour and jobs markets as a consequence of technological progress, climate change, globalisation, and shifts in demography. These trends have had an impact on employment relationships and, as a result, on workers' rights, obligations and security. The onset of COVID-19 in early 2020 produced a set of economic challenges on a scale not seen in decades. A five-year research collaboration between the Smith School of Enterprise at University of Oxford and Zurich Insurance Group shows that the pandemic has accelerated changes in the role of government in insurance provision. The report suggests it is inevitable that the state can no longer be the insurer of last resort, particularly due to rising debt levels. New partnerships should be developed between governments, employers, and benefits providers to protect workers against the enhanced risks of a post-pandemic economy.

Future of work – how has the COVID-19 pandemic re-shaped the agenda?

EURACTIV Events

Play Episode Listen Later Jun 25, 2021 76:23

Even before the COVID-19 pandemic, many countries had experienced transformations in their labour and jobs markets as a consequence of technological progress, climate change, globalisation, and shifts in demography. These trends have had an impact on employment relationships and, as a result, on workers’ rights, obligations and security. The onset of COVID-19 in early 2020 produced a set of economic challenges on a scale not seen in decades. A five-year research collaboration between the Smith School of Enterprise at University of Oxford and Zurich Insurance Group shows that the pandemic has accelerated changes in the role of government in insurance provision. The report suggests it is inevitable that the state can no longer be the insurer of last resort, particularly due to rising debt levels. New partnerships should be developed between governments, employers, and benefits providers to protect workers against the enhanced risks of a post-pandemic economy.

covid-19 university pandemic oxford enterprise future of work shaped smith school zurich insurance group

Innokenty Belotsky | Иннокентий Белоцкий

Play Episode Listen Later Jun 16, 2021 95:51

an Ken (Innokenty) Belotsky is a Partner at Negev Capital, a venture capital fund with investment focus on companies developing novel psychedelic medications for various mental health issues. 2012-2020, Co-founder of Bright Box, the leading Connected Car technology provider, responsible for strategic decisions, fundraising and M&A. Bright Box was acquired by Zurich Insurance Group in 2018. 2005 -2011 Co-founder of BrightConsult, the top software partner of Microsoft in Eastern Europe in the Automotive industry. The company was acquired by Incadea Gmbh in 2011. As a private investor did more than 30 transactions with early- and late-stage companies in the US, Israel, EU. FIND KEN ON SOCIAL MEDIA LinkedIn | Facebook | Instagram | Twitter | Telegram ================================ SUPPORT & CONNECT: Support on Patreon: https://www.patreon.com/denofrich Twitter: https://twitter.com/denofrich Facebook: https://www.facebook.com/denofrich YouTube: https://www.youtube.com/denofrich Instagram: https://www.instagram.com/den_of_rich/ Hashtag: #denofrich © Copyright 2022 Den of Rich. All rights reserved. ᐧ

israel rich partner european union microsoft copyright hashtags eastern europe automotive connected cars zurich insurance group bright box

#173 - Innokenty Belotsky

Inside Outside Innovation

Play Episode Listen Later Jun 16, 2021 95:52

Innokenty Belotsky is a Partner at Negev Capital, a venture capital fund with investment focus on companies developing novel psychedelic medications for various mental health issues. 2012-2020, Co-founder of Bright Box, the leading Connected Car technology provider, responsible for strategic decisions, fundraising and M&A. Bright Box was acquired by Zurich Insurance Group in 2018. 2005 -2011 Co-founder of BrightConsult, the top software partner of Microsoft in Eastern Europe in the Automotive industry. Company was acquired by Incadea Gmbh in 2011. As a private investor did more than 30 transactions with early- and late-stage companies in the US, Israel, EU.FIND INNOKENTY ON SOCIAL MEDIALinkedIn | Facebook | Instagram | Twitter | TelegramVisit podcast page for additional content https://www.uhnwidata.com/podcast

israel partner european union microsoft eastern europe automotive connected cars zurich insurance group bright box

Ep. 253 - Atholl Duncan, Author of Leaders in Lockdown: Inside Stories of COVID-19 and the New World of Business on Crisis Management, Leadership Development, and a Post Covid World

Play Episode Listen Later Jun 1, 2021 23:41

On this week's episode of Inside Outside Innovation, we sit down with Atholl Duncan, author of Leaders in Lockdown: Inside Stories of COVID-19 and the New World of Business. We talk about his interviews with senior executives from around the world during the first 100 days of lockdown and what he learned about crisis management, leadership development, and what's next in the post COVID hybrid world. Let's get started.Inside Outside Innovation is the podcast to help you rethink, reset, and remix yourself and your organization. Each week, we'll bring the latest innovators, entrepreneurs, pioneering businesses, as well as the tools, tactics, and trends you'll need to thrive as a new innovator.Interview Transcript with Atholl Duncan, Author of Leaders in LockdownBrian Ardinger: Welcome to another episode of Inside Outside Innovation. I'm your host, Brian Ardinger. And as always, we have another amazing guest. Today we have Atholl Duncan. He is author of Leaders in Lockdown: Inside Stories of COVID-19 and the New World of Business. Welcome to the show. Atholl Duncan: Thank you. It's great to be here and great to be a guest of yours. I'm looking forward to chatting about innovation and how we lead out of lock down Brian. Cause that's the question that everyone's trying to get their heads around there.Brian Ardinger: We have gone through disruption and I think people understand a little bit what that means. You have written this book. You spoke to 28 senior executives around the world in the United States, Europe, Asia, during the first hundred days of lockdown, to understand and get their feedback on what we were going through when it comes to disruption. So maybe we'll start with the book, give us a little hint and insights into what it's all about and what did you learn from it? Atholl Duncan: The way the book came about was in March of 2020, I sit on the boards of various businesses. And all of these businesses were in some state of jeopardy and certainly in a state of crisis. And I was pretty stressed by the whole situation. I think as most people were. And I decided that there was what I thought was a crossroads and history. Certainly, a crossroads, probably the defining moments of this century. And I wanted to capture them. So, I followed 28 business leaders, people who, whose businesses were spread from Asia to Europe, to UK, and many leaders in the US. And really to answer a couple of questions from them. How were they leading through the pandemic? And how did they think the world would change because of what we've all been through. Brian Ardinger: When you reached out to these leaders, what was the initial kind of feedback that you got? Was it nervousness? Was it excitement? What kind of what were the emotions that people were going through and specifically, how did they adapt to that sudden disruption? Atholl Duncan: I got remarkable access because these people were locked down in their kitchens. And it was like they'd witnessed some predictably dramatic accident because they just wanted to share with someone. They wanted to talk to someone about what was happening to their businesses, which were getting pretty smashed up at the time.So, they opened their Zooms to me. And they talked to me. They talked from the heart and they talked about how they hoped the world would change. And that the remarkable thing was that many of these people whose businesses, which they had built themselves over many years, lying, smashed round about them.They remained remarkably humble and remarkably steady in their thoughts. But yeah, they knew this was a major moment. So, you know, even a year ago we knew this was a pretty significant moment. And the general message was that even back then, was this is a time to reset. Is a time to reset how we run our businesses and is a time to reset how we run society.Brian Ardinger: So, in the book and through the conversations you defined, I think seven core themes that came out through that. Can you walk the audience through a little bit about what are those core themes that you uncovered? And let's talk a little bit about each one of them. Atholl Duncan: Yeah. So, seven major themes. The first theme was the new age of purpose. And the feeling as one business leader said to me, that purpose was on steroids at the peak of the crisis. And that purpose now was no longer just words that you emblazoned on a website. It was now something that your employees, your customers and your investors would demand was delivered through action. And not just words. The second theme was the new world of work. Because we saw this remarkable thing that, you know, most people talk about, regarding Covid, which was the move to homeworking. And you know, one of the business leaders that I've talked to is a very senior executive at Tata, which is based in India. They moved 600,000 people to homeworking. Even 6,000 is big Brian, but this is 600,000 people. And you know, many, many major corporations were doing the same thing all around the world. As a crisis went on, people have realized that the new world of work was not just about home or remote or hybrid or flexible. We were really seeing defined probably a new, psychological relationship between the employer and the employee.Third theme was widening inequality. Because the virus widened inequality in so many ways. Obviously, it raised the Black Lives Matter, raised diversity and inclusion in a way that we hadn't seen before, but also homeschooling raised equality. The people who had access to digital. Homeworking raised in equality in terms of it was very comfortable for some people to be working from their homes. But those who had dysfunctional homes are in multi person homes, difficult for them. And then the vaccine. You know, we already see that there's 130 countries around the world, which haven't delivered one jab of the vaccine. 95% of the vaccines have been delivered in the richest countries in the world. So, there's this really quite a defining moment. Roundabout, the widening inequality gap. Fourth theme was about global cooperation, because at that moment when we hope that our politicians would be cooperating across global boundaries, they were doing, they were falling out. And I think generally, wherever you are in the world, we were pretty well let down by our politicians. Whether you were in Asia, Europe, or the U S it was a pretty, sorry ceiling. You actually saw large corporations, doing far better at global cooperation. If you look at the pharmas that developed the vaccines. If you look at the big tech companies who came together to try and work out track and trace. Next thing was resilience. Not just personal resilience, but you know, when the crisis comes, cash is king financial resilience is everything. And the resilience of the operations of these large corporations. Sixth theme was all about resetting the supply chain. Particularly if we're in manufacturing, we couldn't get stuff anymore. Borders were closed and we still see, you know, big shortages and computer chips, big shortage use in raw materials, and the prices of raw materials going up.So, this really brought the global supply chain to a shuttering halt. And I think a major cause to rethink 40 years of decisions that were made on productivity and costs and they all fly out the window, when our pandemic shuts the borders. And then the last theme probably dearest to my own heart is maximizing potential. So, maximizing the potential of your employees. We saw physical welfare and mental welfare, really going up the agenda. And a big debate round about, what kind of leaders do we need now. What kind of leaders were successful in the pandemic? And what kind of leaders do we need to lead us out of lock down?Brian Ardinger: So, what was some of the most surprising or unexpected findings after these conversations that you had? Atholl Duncan: I think an unexpected finding was actually that there were no new trends. What you actually saw here was a massive acceleration of trends that were already out there. Right. Right. And, and I think you would particularly see that in the world of digital. People have talked about 10 years of digital disruption squeezed into 10 months.I think that was a surprise, because I thought we would maybe see some new trends coming up. I think one of the anecdotes that kind of sums up for me is I spoke to Mark Thompson who was at the time Chief Executive of the New York Times. And he had to go into the Time's offices to do his earnings call.Mark Blake says Brompton fold-up bicycle. And when he got into the office, he's I think that was probably about 5,000 people normally in these offices. And when he got in there, there were only about 20 people, security guards, you know, keeping the place safe. And he decided to go for a cycle, round the office on his Brompton bicycle.And as he went around, and he saw the empty savannas of the New York Times offices. He thought it looked like an empty milking parlor. And he had this vision of all these people that went in there to the Times, and they hooked themselves up to their desks for the day. You know, milking out their ideas before removing their headphones and making the painful journey home.And he thought at that moment, maybe I should sell my skyscraper. But he decided I'm not going to sell it, but we have to completely rethink what the relationship is between the worker and the office. You know, and I think that's going to be huge. You know, we see that in cities, all around the world, what's going to happen to the central business districts and, you know, a lot of huge change being seen in Manhattan at the moment.Brian Ardinger: I'd love to get your insight into the emotional feedback that the leaders had. Did you sense a lot of fear or optimism or at that early stage? How did they react to the disruption? Atholl Duncan: The true entrepreneurs, their attitude is utterly staggering. Because as they are a billion pounds and it's mainly a billion pounds of their own money. As their billion pound plus businesses are lying in tatters, they are thinking about what the opportunity is and what the next thing is, and how they can build back out of the crisis. And they're remarkably calm. And a number of them who repeated to me that the most important thing was health safety of your employees. I worked with a chief executive of a large asset management company in Hong Kong who runs many of the shops and offices in Hong Kong and China. And his view was that things could be worse. You know, we had our health. And he stuck the way as mantra of the three Cs. And the three Cs for him were cooperation, communication, and care. Now cooperation was about working together. Communicating we say was communicating more than you'd ever done before. Communicating what you didn't know, as well as what you did know. And care, care for your people care for your customers and care for all your stakeholders. There was a remarkable humanity and almost the bigger the corporate crisis and the greater humanity that I saw from the leaders. Brian Ardinger: Did you see from a tactical perspective, the leaders that you interviewed, doing similar things, or were there some that stood out that approached the disruption differently and tactically did things. Or did they, you see kind of similarities between what the different leaders did?Atholl Duncan: I think there were a number of similarities. I mean, I think agility was, you know, agility and speed of movement was probably top of their agenda. And if you weren't reacting. Moving quickly then you were tossed. I think focus was very important and the number who repeated to me, but focusing on the right thing. Not falling into the trap of making yourself busy, you know, making yourself busy, I think in that situation as a way of dealing with your anxiety.So, it wasn't about making yourself busy. It was about focusing on the small number of items. That would make the difference between life and death for your business. I think empathy and compassion and leadership was very strong as well. And I think seeing the opportunity, seeing the opportunity again, what was a big thing. And I think these themes will continue as we come out of the crisis. I don't think there will no longer be steady as she goes in many if any businesses. We are into this kind of supersonic age of change. If you're not fast, Brian, you're going to be last. Brian Ardinger: Absolutely. And it's interesting that the themes that you identified and and wrote about, obviously came out of the pandemic itself, but there's similar to what we're hearing today. Like they're not changing much. You know, the idea that you have to have purpose. The world of work is changing. Inequality and resilience, all these things that you've mentioned as the core themes as being identified early on in that we are still wrestling with that and they are evolving. So that leads us to the next, I guess, set of questions around, we are coming out of this "coming out of this pandemic," but what does that mean? And how do you see leaders and companies approaching this reverse culture shock, so to speak, coming out of lockdown? Atholl Duncan: Well, I think one of the things that unlocked then and the pandemic has proven, is that the command and control type of leadership is dead. You know, I think you are going to see an era of more compassionate and more empathetic leadership. Cause I think that was the more successful leadership through the crisis. I think you're going to see people here who will want to hold on to the things that worked well at the peak of the crisis and try and recreate them. So, I mean, I’ve had a number of clients who said to me, how do we recreate the mindset that we had that did remarkable things at the peak here? And how do we recreate the pace of change? The problem with that is it sustainable, the pace of change that we had at the peak of the crisis. You know, you're going to kill or blow up your people. But definitely the mindset is fascinating. You know, how did we manage to do the vaccines in such a short space of time?How did we manage to build the field hospitals in weeks rather than what it would have taken years? And how did we manage to make these huge pivots. So, I don't like that word, but it was a word of the crisis. Yeah. How do we manage to make these huge pivots in so many businesses? And, you know, some people are going to want to get back. They don't like it in this space. You know, change is uncomfortable. And some people are going to want to get back the way we were. But I think that's a false idea, because all your competitors are going to a different place. If you're going back the way, then you're heading back towards an inevitable decline. I would see. Brian Ardinger: Did any of the leaders admit to any kind of failures or things they wish they would have done differently or, you know, things they stubbed their toes on? Atholl Duncan: I think they were all pretty open about mistakes they've made. About not being prepared enough. About underestimating, I mean, we all are underestimated how long it was going to take, didn't we? You know, when we started doing this, Brian, the biggest fear people told me was the book will be out of date by the time it comes out. You know, nobody will be interested in that. How are you going to manage to get this current and keep it relevant? Well, you know, the book first published in the UK in the autumn of 2020. Published in the US now. One criticism of the book could be that the story is still unfolding. You know, are we in the middle of it? Are we in the last quarter? Where are we in this story? And some of the clients I'm working with at the moment, and my executive coaching were saying, well, you know, maybe the difficult bit is still to come, because we're going to get going a game, we're going to get out there. What is hybrid working? What is the new world of work? In many parts of the world, we've been in a steady state. We've got into a routine, sadly over the last weeks and months. Well, that routine is about to change as we try to get back to something resembling the corporate life that we had before.Brian Ardinger: Well, and I think that hybrid environment is going to be even more difficult to manage. You know, it's, it's one thing when you have to move everybody to remote or, you know, everybody is going through the exact same thing and understands that disruption and, and will, has to take place because of it. But now as we come out, the variables and opportunities that different companies are having and different communities are having, is going to make it that much harder to navigate the hybrid nature of it. That's what I'm seeing and hearing. Atholl Duncan: Yeah, definitely. Definitely. Brian Ardinger: Are there any other great stories or interesting stories from the book that would shine some light on people now trying to adapt with this and how they can make this transition even better. Atholl Duncan: If I was to give you two or three quotes from some of these business leaders, you know. One of them was a guy Christian Lang, who's Chief Exec of a tech business, a digital procurement business in San Francisco, called Trade Shift. It's an interesting business because it was formed by three Danes, in a garage in Denmark. And then they moved across to San Francisco. And then he simply said with COVID 19, every single long held belief has been thrown out of the window. Every single long held belief has been thrown out the window.I did a bit of interviews with Will Hammad, who has a business called Whoop up in Boston. And Whoop is a wearable tech. I've got my Whoop around my wrist. And his view was that he fundamentally believed that this moment in time will shift the way humanity thinks about health. And that's another revolution in this.If you look at the home health and the virtual health world, right. You know, that's a shift that, you know, we've, wow, we've gone 10 years or 15 years and they are in, maybe the breakthroughs that we'll see in this next digital revolution will be about of solving some of the big problems in health and our, and our healthcare systems.I think diplomacy for the next generation. If not, several generations are going to be redrawn. There really is just so much change that's coming about it. And we've not really talked much about the diversity and inclusion agenda, but my favorite quote is from a woman called Alison Martin, who’s the Chief Executive of Zurich Insurance Group, in Europe. And she said, why don't we create a world that is fit for our children to live in rather than the one that we were destroying before COVID. Brian Ardinger: You obviously interviewed a lot of business leaders and that. What can the average, middle management or person within a company take from the book to make themselves feel better or understand how to, again, navigate this new world.Atholl Duncan: This is not a complex Harvard academic analysis. This is storytelling in this book. It is telling great stories of people who find themselves in remarkable positions during this crisis. It tries to give you a window seat in their boardroom. And I think there's so much that everyone can take, about leadership. It is not the size of the business. It's the behaviors. It's the Innovation. It's the agility. It’s that mindset of opportunity. When the crisis hits, do you fear? Or do you look for opportunity? And while I think many of these people had a bit of fear, their instinctive reaction is to look for where is the opportunity in the crisis? And that sounds a bit like carpet bagging, but is there true entrepreneurial spirit coming through?For More InformationBrian Ardinger: Everybody's going to have to learn these skillsets. And the world is like you said, moving faster. And I think we saw that before COVID, but COVID just put a, a stake in the ground for everybody to rally around. So, I really do appreciate you coming on Inside Outside Innovation to share your thoughts and share what you learned through this particular process. If people want to find out more about yourself or more about the book, what's the best way to do that? Atholl Duncan: The book is on Amazon.com. One of the companies that clearly did very well, during the pandemic. And I'm doing a lot of executive coaching cause I'm in the U S and you can find me on Atholl Duncan.com. And that's Atholl with two L's, Atholl Duncan.com.And really for me, now Brian, it's not about selling a book. I've become an evangelist for change. And really what I want to do is to inspire as many leaders to not let us go back to where we were. Because people in some of the workshops that have been doing, are looking for, who's going to reset the world. Who's going to change business. Who's going to change the style of leadership. And I say, guys, it's us. There is nobody else. We are the leaders. If we don't do it, it isn’t going to happen. So come on. Come on the journey. And then let's reset the world. Brian Ardinger: Let's reset the world. Indeed. Atholl, thank you very much for being on Inside Outside Innovation and looking forward to continuing the conversation like you said, this is an ongoing thing. So, we would love to have you back at some point to continue the conversation and see where the world takes us. Atholl Duncan: It's a pleasure. I'd love to come back at any time because I think the next bit is potentially from a leadership point of view, is as interesting as the last bit Brian Ardinger: That's it for another episode of Inside Outside Innovation. If you want to learn more about our team, our content, our services, check out InsideOutside.io or follow us on Twitter @theIOpodcast or @Ardinger. Until next time, go out and innovate.FREE INNOVATION NEWSLETTER & TOOLSGet the latest episodes of the Inside Outside Innovation podcast, in addition to thought leadership in the form of blogs, innovation resources, videos, and invitations to exclusive events. SUBSCRIBE HEREYou can also search every Inside Outside Innovation Podcast by Topic and Company. For more innovations resources, check out IO's Innovation Article Database, Innovation Tools Database, Innovation Book Database, and Innovation Video Database.

Ep. 253 - Atholl Duncan, Author of Leaders in Lockdown: Inside Stories of COVID-19 and the New World of Business on Crisis Management, Leadership Development, and a Post Covid World

Inside Outside

Play Episode Listen Later Jun 1, 2021 23:41

On this week's episode of Inside Outside Innovation, we sit down with Atholl Duncan, author of Leaders in Lockdown: Inside Stories of COVID-19 and the New World of Business. We talk about his interviews with senior executives from around the world during the first 100 days of lockdown and what he learned about crisis management, leadership development, and what's next in the post COVID hybrid world. Let's get started.Inside Outside Innovation is the podcast to help you rethink, reset, and remix yourself and your organization. Each week, we'll bring the latest innovators, entrepreneurs, pioneering businesses, as well as the tools, tactics, and trends you'll need to thrive as a new innovator.Interview Transcript with Atholl Duncan, Author of Leaders in LockdownBrian Ardinger: Welcome to another episode of Inside Outside Innovation. I'm your host, Brian Ardinger. And as always, we have another amazing guest. Today we have Atholl Duncan. He is author of Leaders in Lockdown: Inside Stories of COVID-19 and the New World of Business. Welcome to the show. Atholl Duncan: Thank you. It's great to be here and great to be a guest of yours. I'm looking forward to chatting about innovation and how we lead out of lock down Brian. Cause that's the question that everyone's trying to get their heads around there.Brian Ardinger: We have gone through disruption and I think people understand a little bit what that means. You have written this book. You spoke to 28 senior executives around the world in the United States, Europe, Asia, during the first hundred days of lockdown, to understand and get their feedback on what we were going through when it comes to disruption. So maybe we'll start with the book, give us a little hint and insights into what it's all about and what did you learn from it? Atholl Duncan: The way the book came about was in March of 2020, I sit on the boards of various businesses. And all of these businesses were in some state of jeopardy and certainly in a state of crisis. And I was pretty stressed by the whole situation. I think as most people were. And I decided that there was what I thought was a crossroads and history. Certainly, a crossroads, probably the defining moments of this century. And I wanted to capture them. So, I followed 28 business leaders, people who, whose businesses were spread from Asia to Europe, to UK, and many leaders in the US. And really to answer a couple of questions from them. How were they leading through the pandemic? And how did they think the world would change because of what we've all been through. Brian Ardinger: When you reached out to these leaders, what was the initial kind of feedback that you got? Was it nervousness? Was it excitement? What kind of what were the emotions that people were going through and specifically, how did they adapt to that sudden disruption? Atholl Duncan: I got remarkable access because these people were locked down in their kitchens. And it was like they'd witnessed some predictably dramatic accident because they just wanted to share with someone. They wanted to talk to someone about what was happening to their businesses, which were getting pretty smashed up at the time.So, they opened their Zooms to me. And they talked to me. They talked from the heart and they talked about how they hoped the world would change. And that the remarkable thing was that many of these people whose businesses, which they had built themselves over many years, lying, smashed round about them.They remained remarkably humble and remarkably steady in their thoughts. But yeah, they knew this was a major moment. So, you know, even a year ago we knew this was a pretty significant moment. And the general message was that even back then, was this is a time to reset. Is a time to reset how we run our businesses and is a time to reset how we run society.Brian Ardinger: So, in the book and through the conversations you defined, I think seven core themes that came out through that. Can you walk the audience through a little bit about what are those core themes that you uncovered? And let's talk a little bit about each one of them. Atholl Duncan: Yeah. So, seven major themes. The first theme was the new age of purpose. And the feeling as one business leader said to me, that purpose was on steroids at the peak of the crisis. And that purpose now was no longer just words that you emblazoned on a website. It was now something that your employees, your customers and your investors would demand was delivered through action. And not just words. The second theme was the new world of work. Because we saw this remarkable thing that, you know, most people talk about, regarding Covid, which was the move to homeworking. And you know, one of the business leaders that I've talked to is a very senior executive at Tata, which is based in India. They moved 600,000 people to homeworking. Even 6,000 is big Brian, but this is 600,000 people. And you know, many, many major corporations were doing the same thing all around the world. As a crisis went on, people have realized that the new world of work was not just about home or remote or hybrid or flexible. We were really seeing defined probably a new, psychological relationship between the employer and the employee.Third theme was widening inequality. Because the virus widened inequality in so many ways. Obviously, it raised the Black Lives Matter, raised diversity and inclusion in a way that we hadn't seen before, but also homeschooling raised equality. The people who had access to digital. Homeworking raised in equality in terms of it was very comfortable for some people to be working from their homes. But those who had dysfunctional homes are in multi person homes, difficult for them. And then the vaccine. You know, we already see that there's 130 countries around the world, which haven't delivered one jab of the vaccine. 95% of the vaccines have been delivered in the richest countries in the world. So, there's this really quite a defining moment. Roundabout, the widening inequality gap. Fourth theme was about global cooperation, because at that moment when we hope that our politicians would be cooperating across global boundaries, they were doing, they were falling out. And I think generally, wherever you are in the world, we were pretty well let down by our politicians. Whether you were in Asia, Europe, or the U S it was a pretty, sorry ceiling. You actually saw large corporations, doing far better at global cooperation. If you look at the pharmas that developed the vaccines. If you look at the big tech companies who came together to try and work out track and trace. Next thing was resilience. Not just personal resilience, but you know, when the crisis comes, cash is king financial resilience is everything. And the resilience of the operations of these large corporations. Sixth theme was all about resetting the supply chain. Particularly if we're in manufacturing, we couldn't get stuff anymore. Borders were closed and we still see, you know, big shortages and computer chips, big shortage use in raw materials, and the prices of raw materials going up.So, this really brought the global supply chain to a shuttering halt. And I think a major cause to rethink 40 years of decisions that were made on productivity and costs and they all fly out the window, when our pandemic shuts the borders. And then the last theme probably dearest to my own heart is maximizing potential. So, maximizing the potential of your employees. We saw physical welfare and mental welfare, really going up the agenda. And a big debate round about, what kind of leaders do we need now. What kind of leaders were successful in the pandemic? And what kind of leaders do we need to lead us out of lock down?Brian Ardinger: So, what was some of the most surprising or unexpected findings after these conversations that you had? Atholl Duncan: I think an unexpected finding was actually that there were no new trends. What you actually saw here was a massive acceleration of trends that were already out there. Right. Right. And, and I think you would particularly see that in the world of digital. People have talked about 10 years of digital disruption squeezed into 10 months.I think that was a surprise, because I thought we would maybe see some new trends coming up. I think one of the anecdotes that kind of sums up for me is I spoke to Mark Thompson who was at the time Chief Executive of the New York Times. And he had to go into the Time's offices to do his earnings call.Mark Blake says Brompton fold-up bicycle. And when he got into the office, he's I think that was probably about 5,000 people normally in these offices. And when he got in there, there were only about 20 people, security guards, you know, keeping the place safe. And he decided to go for a cycle, round the office on his Brompton bicycle.And as he went around, and he saw the empty savannas of the New York Times offices. He thought it looked like an empty milking parlor. And he had this vision of all these people that went in there to the Times, and they hooked themselves up to their desks for the day. You know, milking out their ideas before removing their headphones and making the painful journey home.And he thought at that moment, maybe I should sell my skyscraper. But he decided I'm not going to sell it, but we have to completely rethink what the relationship is between the worker and the office. You know, and I think that's going to be huge. You know, we see that in cities, all around the world, what's going to happen to the central business districts and, you know, a lot of huge change being seen in Manhattan at the moment.Brian Ardinger: I'd love to get your insight into the emotional feedback that the leaders had. Did you sense a lot of fear or optimism or at that early stage? How did they react to the disruption? Atholl Duncan: The true entrepreneurs, their attitude is utterly staggering. Because as they are a billion pounds and it's mainly a billion pounds of their own money. As their billion pound plus businesses are lying in tatters, they are thinking about what the opportunity is and what the next thing is, and how they can build back out of the crisis. And they're remarkably calm. And a number of them who repeated to me that the most important thing was health safety of your employees. I worked with a chief executive of a large asset management company in Hong Kong who runs many of the shops and offices in Hong Kong and China. And his view was that things could be worse. You know, we had our health. And he stuck the way as mantra of the three Cs. And the three Cs for him were cooperation, communication, and care. Now cooperation was about working together. Communicating we say was communicating more than you'd ever done before. Communicating what you didn't know, as well as what you did know. And care, care for your people care for your customers and care for all your stakeholders. There was a remarkable humanity and almost the bigger the corporate crisis and the greater humanity that I saw from the leaders. Brian Ardinger: Did you see from a tactical perspective, the leaders that you interviewed, doing similar things, or were there some that stood out that approached the disruption differently and tactically did things. Or did they, you see kind of similarities between what the different leaders did?Atholl Duncan: I think there were a number of similarities. I mean, I think agility was, you know, agility and speed of movement was probably top of their agenda. And if you weren't reacting. Moving quickly then you were tossed. I think focus was very important and the number who repeated to me, but focusing on the right thing. Not falling into the trap of making yourself busy, you know, making yourself busy, I think in that situation as a way of dealing with your anxiety.So, it wasn't about making yourself busy. It was about focusing on the small number of items. That would make the difference between life and death for your business. I think empathy and compassion and leadership was very strong as well. And I think seeing the opportunity, seeing the opportunity again, what was a big thing. And I think these themes will continue as we come out of the crisis. I don't think there will no longer be steady as she goes in many if any businesses. We are into this kind of supersonic age of change. If you're not fast, Brian, you're going to be last. Brian Ardinger: Absolutely. And it's interesting that the themes that you identified and and wrote about, obviously came out of the pandemic itself, but there's similar to what we're hearing today. Like they're not changing much. You know, the idea that you have to have purpose. The world of work is changing. Inequality and resilience, all these things that you've mentioned as the core themes as being identified early on in that we are still wrestling with that and they are evolving. So that leads us to the next, I guess, set of questions around, we are coming out of this "coming out of this pandemic," but what does that mean? And how do you see leaders and companies approaching this reverse culture shock, so to speak, coming out of lockdown? Atholl Duncan: Well, I think one of the things that unlocked then and the pandemic has proven, is that the command and control type of leadership is dead. You know, I think you are going to see an era of more compassionate and more empathetic leadership. Cause I think that was the more successful leadership through the crisis. I think you're going to see people here who will want to hold on to the things that worked well at the peak of the crisis and try and recreate them. So, I mean, I’ve had a number of clients who said to me, how do we recreate the mindset that we had that did remarkable things at the peak here? And how do we recreate the pace of change? The problem with that is it sustainable, the pace of change that we had at the peak of the crisis. You know, you're going to kill or blow up your people. But definitely the mindset is fascinating. You know, how did we manage to do the vaccines in such a short space of time?How did we manage to build the field hospitals in weeks rather than what it would have taken years? And how did we manage to make these huge pivots. So, I don't like that word, but it was a word of the crisis. Yeah. How do we manage to make these huge pivots in so many businesses? And, you know, some people are going to want to get back. They don't like it in this space. You know, change is uncomfortable. And some people are going to want to get back the way we were. But I think that's a false idea, because all your competitors are going to a different place. If you're going back the way, then you're heading back towards an inevitable decline. I would see. Brian Ardinger: Did any of the leaders admit to any kind of failures or things they wish they would have done differently or, you know, things they stubbed their toes on? Atholl Duncan: I think they were all pretty open about mistakes they've made. About not being prepared enough. About underestimating, I mean, we all are underestimated how long it was going to take, didn't we? You know, when we started doing this, Brian, the biggest fear people told me was the book will be out of date by the time it comes out. You know, nobody will be interested in that. How are you going to manage to get this current and keep it relevant? Well, you know, the book first published in the UK in the autumn of 2020. Published in the US now. One criticism of the book could be that the story is still unfolding. You know, are we in the middle of it? Are we in the last quarter? Where are we in this story? And some of the clients I'm working with at the moment, and my executive coaching were saying, well, you know, maybe the difficult bit is still to come, because we're going to get going a game, we're going to get out there. What is hybrid working? What is the new world of work? In many parts of the world, we've been in a steady state. We've got into a routine, sadly over the last weeks and months. Well, that routine is about to change as we try to get back to something resembling the corporate life that we had before.Brian Ardinger: Well, and I think that hybrid environment is going to be even more difficult to manage. You know, it's, it's one thing when you have to move everybody to remote or, you know, everybody is going through the exact same thing and understands that disruption and, and will, has to take place because of it. But now as we come out, the variables and opportunities that different companies are having and different communities are having, is going to make it that much harder to navigate the hybrid nature of it. That's what I'm seeing and hearing. Atholl Duncan: Yeah, definitely. Definitely. Brian Ardinger: Are there any other great stories or interesting stories from the book that would shine some light on people now trying to adapt with this and how they can make this transition even better. Atholl Duncan: If I was to give you two or three quotes from some of these business leaders, you know. One of them was a guy Christian Lang, who's Chief Exec of a tech business, a digital procurement business in San Francisco, called Trade Shift. It's an interesting business because it was formed by three Danes, in a garage in Denmark. And then they moved across to San Francisco. And then he simply said with COVID 19, every single long held belief has been thrown out of the window. Every single long held belief has been thrown out the window.I did a bit of interviews with Will Hammad, who has a business called Whoop up in Boston. And Whoop is a wearable tech. I've got my Whoop around my wrist. And his view was that he fundamentally believed that this moment in time will shift the way humanity thinks about health. And that's another revolution in this.If you look at the home health and the virtual health world, right. You know, that's a shift that, you know, we've, wow, we've gone 10 years or 15 years and they are in, maybe the breakthroughs that we'll see in this next digital revolution will be about of solving some of the big problems in health and our, and our healthcare systems.I think diplomacy for the next generation. If not, several generations are going to be redrawn. There really is just so much change that's coming about it. And we've not really talked much about the diversity and inclusion agenda, but my favorite quote is from a woman called Alison Martin, who’s the Chief Executive of Zurich Insurance Group, in Europe. And she said, why don't we create a world that is fit for our children to live in rather than the one that we were destroying before COVID. Brian Ardinger: You obviously interviewed a lot of business leaders and that. What can the average, middle management or person within a company take from the book to make themselves feel better or understand how to, again, navigate this new world.Atholl Duncan: This is not a complex Harvard academic analysis. This is storytelling in this book. It is telling great stories of people who find themselves in remarkable positions during this crisis. It tries to give you a window seat in their boardroom. And I think there's so much that everyone can take, about leadership. It is not the size of the business. It's the behaviors. It's the Innovation. It's the agility. It’s that mindset of opportunity. When the crisis hits, do you fear? Or do you look for opportunity? And while I think many of these people had a bit of fear, their instinctive reaction is to look for where is the opportunity in the crisis? And that sounds a bit like carpet bagging, but is there true entrepreneurial spirit coming through?For More InformationBrian Ardinger: Everybody's going to have to learn these skillsets. And the world is like you said, moving faster. And I think we saw that before COVID, but COVID just put a, a stake in the ground for everybody to rally around. So, I really do appreciate you coming on Inside Outside Innovation to share your thoughts and share what you learned through this particular process. If people want to find out more about yourself or more about the book, what's the best way to do that? Atholl Duncan: The book is on Amazon.com. One of the companies that clearly did very well, during the pandemic. And I'm doing a lot of executive coaching cause I'm in the U S and you can find me on AthollDuncan.com. And that's Atholl with two L's, AthollDuncan.com.And really for me, now Brian, it's not about selling a book. I've become an evangelist for change. And really what I want to do is to inspire as many leaders to not let us go back to where we were. Because people in some of the workshops that have been doing, are looking for, who's going to reset the world. Who's going to change business. Who's going to change the style of leadership. And I say, guys, it's us. There is nobody else. We are the leaders. If we don't do it, it isn’t going to happen. So come on. Come on the journey. And then let's reset the world. Brian Ardinger: Let's reset the world. Indeed. Atholl, thank you very much for being on Inside Outside Innovation and looking forward to continuing the conversation like you said, this is an ongoing thing. So, we would love to have you back at some point to continue the conversation and see where the world takes us. Atholl Duncan: It's a pleasure. I'd love to come back at any time because I think the next bit is potentially from a leadership point of view, is as interesting as the last bit Brian Ardinger: That's it for another episode of Inside Outside Innovation. If you want to learn more about our team, our content, our services, check out InsideOutside.io or follow us on Twitter @theIOpodcast or @Ardinger. Until next time, go out and innovate.FREE INNOVATION NEWSLETTER & TOOLSGet the latest episodes of the Inside Outside Innovation podcast, in addition to thought leadership in the form of blogs, innovation resources, videos, and invitations to exclusive events. SUBSCRIBE HEREYou can also search every Inside Outside Innovation Podcast by Topic and Company. For more innovations resources, check out IO's Innovation Article Database, Innovation Tools Database, Innovation Book Database, and Innovation Video Database.

TMBS E47: Sean Kevelighan CEO of III

Play Episode Listen Later May 31, 2021 14:13

GUEST: Sean KevelighanSean Kevelighan joined the I.I.I. (Insurance Information Institute) as its Chief Executive Officer in 2016. Previously, he was Group Head of Public Affairs for Zurich Insurance Group where he oversaw Government and Industry Affairs as well as Corporate Responsibility. He joined Zurich in 2013 as Head of Government and Industry Affairs for North America. Prior to that, he worked at Citigroup, Inc., as Head of Strategic Communications for its Global Consumer Banking business, and for Zurich, as Head of Group Media Relations in North America. During President George W. Bush's administration, he served first in the U.S. Department of the Treasury as a spokesperson for economic issues, and eventually became Senior Advisor for the Office of Tax Policy. He was also the Press Secretary for the White House Office of Management and Budget (OMB).

TMBS E83: Sean Kevelighan, CEO, Insurance Information Institute (Triple-I), Insurance During COVID-19

covid-19 ceo office government management triple treasury public affairs senior advisor press secretary white house office corporate responsibility tax policy group head budget omb industry affairs insurance information institute zurich insurance group tmbs

Play Episode Listen Later May 31, 2021 13:53

INSURANCE EXPERTS SHARE INSIGHTS ON HOW CONSUMERS CAN REMAIN SAVVY WITH THEIR COVERAGE DURING THE COVID-19GUEST:Sean Kevelighan, CEO, Insurance Information Institute (Triple-I)SEAN KEVELIGHAN: Sean Kevelighan joined the Triple-I as its CEO in 2016. Previously, he was Group Head of Public Affairs for Zurich Insurance Group where he oversaw Government and Industry Affairs as well as Corporate Responsibility. During President George W. Bush's administration, he served first in the U.S. Department of the Treasury as a spokesperson for economic issues, and eventually became Senior Advisor for the Office of Tax Policy. He was also the Press Secretary for the White House Office of Management and Budget (OMB).

TMBS E47: Sean Kevelighan CEO of III

Play Episode Listen Later May 31, 2021 14:13

TMBS E83: Sean Kevelighan, CEO, Insurance Information Institute (Triple-I), Insurance During COVID-19

Play Episode Listen Later May 31, 2021 13:53

Ivan Mishanin | Иван Мишанин

Play Episode Listen Later May 27, 2021 121:31

Ivan Mishanin is a successful entrepreneur and business development specialist with over 14 years of demonstrated expertise. Multiple successful ventures over the past decade. Most notably, he was the founder and CEO of Bright Box a global connected car vendor that reached $10M in annual revenue before acquisition by Zurich Insurance Group. As of 2020, the group is the world's 117th largest public company according to Forbes' Global 2000s list. Ivan started his career as a software developer, after as an analyst -consultant and project manager, and grew up to the position of CEO. He understands very well how a real high-tech company works. Extensive C-level management experience with focus on strategy, sales and business development. Today, his personal business interests lie in the creation and development of high-tech businesses at the interface of the automotive and neuroscience fields. Currently Ivan is a Co-founder and CEO of Neuroscience Software. FIND IVAN ON SOCIAL MEDIA LinkedIn | Facebook ================================ SUPPORT & CONNECT: Support on Patreon: https://www.patreon.com/denofrich Twitter: https://twitter.com/denofrich Facebook: https://www.facebook.com/denofrich YouTube: https://www.youtube.com/denofrich Instagram: https://www.instagram.com/den_of_rich/ Hashtag: #denofrich © Copyright 2022 Den of Rich. All rights reserved.

ceo rich global forbes copyright hashtags 10m zurich insurance group bright box

#153 - Ivan Mishanin

#dieVertriebsmanager - VTalk Der gute Sales Ton - mehr als nur heiße

Play Episode Listen Later May 27, 2021 121:31

Ivan Mishanin is a successful entrepreneur and business development specialist with over 14 years of demonstrated expertise. Multiple successful ventures over the past decade. Most notably, he was the founder and CEO of Bright Box a global connected car vendor that reached $10M in annual revenue before acquisition by Zurich Insurance Group. As of 2020, the group is the world's 117th largest public company according to Forbes' Global 2000s list.Ivan started his career as a software developer, after as an analyst -consultant and project manager, and grew up to the position of CEO. He understands very well how a real high-tech company works. Extensive C-level management experience with focus on strategy, sales and business development. Today, his personal business interests lie in the creation and development of high-tech businesses at the interface of the automotive and neuroscience fields. Currently Ivan is a Co-founder and CEO of Neuroscience Software.FIND IVAN ON SOCIAL MEDIALinkedIn | Facebook

ceo global forbes 10m zurich insurance group bright box

Compliance im Vertrieb – Bremse oder Motor? Lukas Wiebe und Markus Giese, Zurich Insurance Group

Play Episode Listen Later May 23, 2021 42:56

Die Kollegen im Compliance sind langweilig, Spassverderber für den Vertrieb und nehmen uns die Freude an Geschenken für unsere Kunden. Ist das wirklich so oder wollen sie uns nicht eher schützen ? Markus Giese und Lukas Wiebe geben uns Einblicke in die Welt des Compliance und räumen für uns mit vielen Vorurteilen auf. Markus und Lukas teilen unsere Leidenschaft für den Vertrieb und leiten deshalb im Bundesverband der Vertriebsmanager die Expertenkommission Compliance und stehen uns und Euch dort mit Rat und Tat zur Seite. Wir freuen uns sehr über den Perspektivenwechsel und wünschen Euch viel Spaß mit der aktuellen Folge.

API technology – a (r) evolution in the commercial insurance space

head technology space digital revolution api new technology digital experiences commercial insurance zurich insurance group

Play Episode Listen Later May 4, 2021 19:46

API is not a new technology but it certainly has a lot of potential and creates key benefits in terms of efficiency gains in the commercial insurance space. Armin Schäfer, Head of Digital and New Technology for International Program Business and Jonathan Newbery Head of Digital Experience for Commercial Insurance at Zurich Insurance Group speak about how API can be leveraged and what benefits it brings for customers and brokers.

Commercial Insurance Podcast: Sustainability – opportunities and challenges

challenges opportunities sustainability global head commercial insurance insurance podcast zurich insurance group

Play Episode Listen Later Apr 6, 2021 10:31

Sustainability touches businesses as whole and thus it needs to be addressed holistically. Gabrielle Durisch our Global Head of Sustainability for Commercial Insurance at Zurich Insurance Group speaks about how companies address sustainability from a risk management perspective and what needs to be considered for the transition to a more sustainable future.

Jak skończy się gazowy dramat | Energia do zmiany

Energia do zmiany

Play Episode Listen Later Jan 26, 2021 37:55

19 stycznia rosyjska barka „Fortuna”, układająca Nord Stream 2, została objęta sankcjami USA. Wcześniej z projektu, z obawy przed karami, wycofały się duńska firma konsultingowa Ramboll, norweskie towarzystwo klasyfikacyjne DNV GL, niemiecki koncern Bilfinger i główny ubezpieczyciel magistrali Zurich Insurance Group. Nord Stream 2 jest ukończony w 94 proc. Układanie ostatniego, ok. 150-km odcinka gazociągu, wstrzymano w grudniu 2019 r., gdy z budowy wycofała się szwajcarska firma Allseas. Szymon Kardaś z Ośrodka Studiów Wschodnich opowiada nam, jak dalej potoczą się losy rosyjsko-niemieckiej magistrali. Rozmowę prowadzi Robert Tomaszewski.

united states uk energia nord stream fortuna studi zmiany wcze rozmow dramat wschodnich dnv gl ramboll zurich insurance group

Chris Anderson and David Nash, Zurich Floods Resilience Programme

Interviews with pioneers in business and social impact - Business Fights Poverty Spotlight

Play Episode Listen Later Oct 21, 2020 25:18

Meet Chris Anderson and David Nash. They are instrumental within the Zurich Floods Resilience Programme. With floods affecting more people than any other natural hazard. They are 8 years into a 10-year programme. Their aim: to enhance flood resilience. With a focus on pre-event risk reduction. What is interesting about this conversation is the openness and willingness of Chris and David to share the insights into their partnership. Chris works for the development organisation Practical Action, whilst David works within the Z Zurich Foundation – the private foundation, funded by the Zurich Insurance Group. Together they reveal practical tips to make a collaboration work, ideas on deepening impact and leading edge thinking on emerging trends which will deeply affect the ability to end poverty. As Chris explains: “I’m driven by a sense of injustice that poverty isn’t inevitable...I have learnt to put people at the heart of decision making.” Whilst David says: “Three things that make a strong partnership: Give up power; accept change is inevitable so be flexible; and focus on the end goal, shift away from output reporting and thinking.” Listen to hear more. During the conversation David and Chris mention the following useful resources: • Zurich Alliance Floods Resilience Portal introductory video: https://www.youtube.com/watch?v=EMAkfr3lkFM&feature=emb_logo • The Zurich Flood Resilience Measurement for Communities (FRMC), including the framework and approach: https://floodresilience.net/frmc • Lessons from year two report: https://www.i-s-e-t.org/zfra-ii-lessonfromy2 • The Flood Resilience Measurement for Communities (FRMC) “Inviting others” brochure: https://floodresilience.net/resources/item/the-flood-resilience-measurement-for-communities-frmc • The Partnering Initiative (TPI): https://thepartneringinitiative.org • To find out more about Practical Action’s work please click here: https://practicalaction.org/our-work/

lessons resilience programme zurich floods chris anderson david nash practical action zurich insurance group

PowerWomen Speak with Dame Inga Beale

PowerWomen Speak

Play Episode Listen Later Aug 27, 2020 32:47

I am delighted to be joined today by Dame Inga Beale, former CEO of Lloyds of London. She has also been Group CEO of Canopius, an insurance company with it's principal operations at Lloyds, a member of the Global Management Board of Zurich Insurance Group in Switzerland and Group CEO of Swiss reinsurer Coverium. She was awarded her Damehood in 2017 for services to the UK economy and for playing a critical role in advancing diversity and inclusion initiatives across the global insurance sector. Dame Inga Beale also holds non-executive roles on the boards of Clyde & Co, Crawford & Company and is Chair of Mediclinic International and Deputy Chair of London First. Her philanthropic interests include being a member of the Pitt Rivers Museum Advisory Board at Oxford University.

ceo uk speak switzerland swiss oxford university group ceo deputy chair lloyds power women zurich insurance group damehood dame inga beale

What can the Insurance Sector Teach us About Climate Risk?

Climate Risk Podcast

Play Episode Listen Later Jul 16, 2020 29:33

Originally released on the GARP Risk Podcast on June 4, 2020. Insurance plays such an important role in how we collectively navigate risk and many insurance firms are already used to dealing with the extreme weather events that are being made worse and more frequent by climate change. It is therefore important that the experience and insights found within the insurance sector are brought to bear on the pressing task of managing climate risk. In this episode, host and Co-president of the GARP Risk Institute, Jo Paisley, is joined by John Scott, Head of Sustainability Risk for the Zurich Insurance Group. Through this conversation you will find specific insights into the nature of physical risk, as well as the ways in which insurance firms are positioned to guide effective action and investment towards both mitigation and adaptation efforts. If you have any questions, thoughts or feedback regarding the Climate Risk podcast series, we would love to hear from you. Please email us at: climateriskpodcast@garp.com -------------------------------- Speaker Bio: John Scott is Head of Sustainability Risk for the Zurich Insurance Group. He joined Zurich in 2001 becoming Head of Risk Insight in 2007 and was Chief Risk Officer for Zurich’s Global Corporate and Commercial Insurance businesses from 2009 to 2017. He took on his current role in 2018. John leads the Group’s engagement on sustainability risk, both internally and externally as the way Zurich delivers its purpose and values. For the last ten years, in his roles as CRO for Commercial Insurance and as Head of Sustainability Risk, John has increasingly focused on climate change as a risk that affects the insurance industry. His unique combination of previous roles and experiences in the oil & gas and chemicals industries, together with his involvement in many industry and Government organisations, has given him a deep understanding of the risks and opportunities that climate change presents to companies, governments and society at large. John is a member of the Institute of Directors in the UK, is on the Advisory Board to the World Economic Forum Global Risks Report and has contributed to industry and Government policy on climate change and green finance, through many organisations. John’s expertise in sustainability risk and, in particular climate change risk, has made him a sought-after speaker at numerous international conferences.

director head uk government institute climate change climate insurance sector teach us zurich advisory board cro john scott climate risk chief risk officer commercial insurance zurich insurance group

Interconnected Risks: COVID-19 and Climate Change

Climate Risk Podcast

Play Episode Listen Later Jul 16, 2020 22:20

Originally released on the GARP Risk Podcast on June 11, 2020. Continuing our theme from the last episode of the COVID series, in this special episode of the Climate Risk Podcast Series, host and Co-president of the GARP Risk Institute, Jo Paisley, is again joined by John Scott, Head of Sustainability Risk for the Zurich Insurance Group. Having briefly touched on some of the interconnections that exist between climate change and the ongoing COIVID-19 crisis in the previous episode, John has kindly returned to talk in more depth about this timely subject. The episode addresses three key questions: Why does climate change make the occurrence of future pandemics more likely? Why would climate change worsen the impacts of a pandemic, whilst making the response harder? Why is this important for risk professionals and what is their role moving forward? If you have any questions, thoughts or feedback regarding this podcast series, we would love to hear from you. Please email us at: climateriskpodcast@garp.com

covid-19 head coronavirus pandemic climate change risks interconnected john scott zurich insurance group

Ep. 173: Ron Glozman: From Dorm Room to Board Room

Spot On Insurance

Play Episode Listen Later Jul 14, 2020 72:14

Apple Podcasts Rate and Review for SpotOn Ron Glozman is the CEO & Founder of Chisel AI, a company that provides AI-based solutions for the global insurance industry. The program makes use of natural language processing and machine learning to read and interpret complex documents instantly. He is passionate about promoting the use of artificial intelligence to streamline every day, mundane tasks, despite the fears of AI taking jobs. Ron is also the co-author of The AI Book, a crowdsourced book on the different uses of AI across financial services. Ron joins us today to describe the future of insurance and AI and how his app can help improve business efficiency and simplify repetitive tasks. He shares his academic background, his interest in logic and mathematics, and the different programming competitions he joined. Ron also explains how his app found sponsors in the insurance industry and what it can do for companies that employ home-based workers. "When you talk, you only repeat what you know. When you listen, you might learn something new." - Ron Glozman Today on Spot On Insurance: The number of countries Ron traveled to by the time he was 13. Ron's experience competing in contests that involve programming. How his first app was received by the public and how it found its way into insurance. Ron's experience working with various insurance companies. Ron's formula for luck based on statistics. How their app's pitch meeting went with Zurich Insurance Group. How insurance companies can use AI systems for repetitive tasks. Why insurance is not a commodity good. What their app can do for those who are working from home. Key Takeaways: Talking is the last thing you want to do when you want to learn something new. Never stop trying until you see the result you want. Resources: Zurich Insurance Group Connect with Ron Glozman: Chisel AI The AI Book Podcast Twitter Facebook LinkedIn This episode was brought to you by….. Insurance Licensing Services of America (ILSA), America’s Premier Insurance Compliance and Licensing experts. To learn more about ILSA and their services, visit ILSAinc.com. Connect, Learn, Share Thank you for joining us on this week’s episode of Spot On Insurance. For more resources and episodes, visit SpotOnInsurance.com. Subscribe so you never miss an episode. Love what you’re learning, Spot Light your review on Apple Podcasts Rate and Review For SpotOn and share your favorite episodes with friends and colleagues!

america love founders ai spotlight licensing boardroom dorm room zurich insurance group apple podcasts rate insurance licensing services america ilsa

What can COVID-19 teach us about Climate Risk?

GARP Risk Podcast

Play Episode Listen Later Jun 11, 2020 22:20

Continuing our theme from the last episode of the COVID series, in this special episode of the Climate Risk Podcast Series, host and Co-president of the GARP Risk Institute, Jo Paisley, is again joined by John Scott, Head of Sustainability Risk for the Zurich Insurance Group. Having briefly touched on some of the interconnections that exist between climate change and the ongoing COIVID-19 crisis in the previous episode, John has kindly returned to talk in more depth about this timely subject. The episode addresses three key questions: Why does climate change make the occurrence of future pandemics more likely? Why would climate change worsen the impacts of a pandemic, whilst making the response harder? Why is this important for risk professionals and what is their role moving forward? If you have any questions, thoughts or feedback regarding this podcast series, we would love to hear from you. Please email us at: climateriskpodcast@garp.com

covid-19 head pandemic climate change climate teach us john scott climate risk zurich insurance group

What can the insurance sector teach us about Climate Risk?

GARP Risk Podcast

Play Episode Listen Later Jun 4, 2020 29:33

Insurance plays such an important role in how we collectively navigate risk and many insurance firms are already used to dealing with the extreme weather events that are being made worse and more frequent by climate change. It is therefore important that the experience and insights found within the insurance sector are brought to bear on the pressing task of managing climate risk. In this episode, host and Co-president of the GARP Risk Institute, Jo Paisley, is joined by John Scott, Head of Sustainability Risk for the Zurich Insurance Group. Through this conversation you will find specific insights into the nature of physical risk, as well as the ways in which insurance firms are positioned to guide effective action and investment towards both mitigation and adaptation efforts. If you have any questions, thoughts or feedback regarding the Climate Risk podcast series, we would love to hear from you. Please email us at: climateriskpodcast@garp.com -------------------------------- Speaker Bio: John Scott is Head of Sustainability Risk for the Zurich Insurance Group. He joined Zurich in 2001 becoming Head of Risk Insight in 2007 and was Chief Risk Officer for Zurich’s Global Corporate and Commercial Insurance businesses from 2009 to 2017. He took on his current role in 2018. John leads the Group’s engagement on sustainability risk, both internally and externally as the way Zurich delivers its purpose and values. For the last ten years, in his roles as CRO for Commercial Insurance and as Head of Sustainability Risk, John has increasingly focused on climate change as a risk that affects the insurance industry. His unique combination of previous roles and experiences in the oil & gas and chemicals industries, together with his involvement in many industry and Government organisations, has given him a deep understanding of the risks and opportunities that climate change presents to companies, governments and society at large. John is a member of the Institute of Directors in the UK, is on the Advisory Board to the World Economic Forum Global Risks Report and has contributed to industry and Government policy on climate change and green finance, through many organisations. John’s expertise in sustainability risk and, in particular climate change risk, has made him a sought-after speaker at numerous international conferences.

director head uk government institute sustainability climate insurance sector teach us zurich advisory board cro john scott climate risk chief risk officer commercial insurance zurich insurance group

TMBS E83: Sean Kevelighan, CEO, Insurance Information Institute (Triple-I), Insurance During COVID-19

Tucson Business Radio

Play Episode Listen Later May 6, 2020

INSURANCE EXPERTS SHARE INSIGHTS ON HOW CONSUMERS CAN REMAIN SAVVY WITH THEIR COVERAGE DURING THE COVID-19 GUEST: Sean Kevelighan, CEO, Insurance Information Institute (Triple-I) SEAN KEVELIGHAN: Sean Kevelighan joined the Triple-I as its CEO in 2016. Previously, he was Group Head of Public Affairs for Zurich Insurance Group where he oversaw Government and Industry Affairs […] The post TMBS E83: Sean Kevelighan, CEO, Insurance Information Institute (Triple-I), Insurance During COVID-19 appeared first on Business RadioX ®.

covid-19 ceo government triple public affairs group head business radiox industry affairs insurance information institute zurich insurance group tmbs mark bishop show

Relectura del Reporte Global de Riesgos en tiempos de la COVID-19

Valor Compartido Podcast

Play Episode Listen Later Apr 17, 2020 46:01

A principios de año se presentó en el Foro Económico Mundial, en Davos, el Reporte Global de Riesgos de 2020, donde se clasifican las mayores preocupaciones de expertos y tomadores de decisión mundiales. El informe es elaborado en colaboración por Marsh & McLennan y Zurich Insurance Group. En el episodio de hoy hablamos con dos de sus representantes para hacer una relectura de este informe ahora que estamos inmersos en la emergencia sanitaria de la COVID-19.

covid-19 coronavirus global mundial tiempos davos marsh zurich clima riesgos reporte foro econ aseguradoras marsh mclennan zurich insurance group

Cybersecurity Red Team vs. Blue Team — Miniseries, Part 1

The SecureWorld Sessions

Play Episode Listen Later Mar 10, 2020 23:45

The SecureWorld Sessions is a cybersecurity podcast that gives you access to people and ideas that impact your career and help you secure your organization. In this episode, we talk to Austin Rappeport, head of threat defense and blue team member, and Chris Carlis, red team coordinator, both of Zurich Insurance Group. We look at cybersecurity through a blue team versus red team lens and how the two work together on purple team exercises to find security vulnerabilities. Plus, Trend Micro's 2019 annual security roundup report, "The Sprawling Reach of Complex Threats." RESOURCE LINKS: Trend Micro 2019 Security Roundup Report : https://www.trendmicro.com/vinfo/us/security/research-and-analysis/threat-reports/roundup/the-sprawling-reach-of-complex-threats Chris Carlis: https://events.secureworldexpo.com/speakers/chris-carlis/ Austin Rappeport: https://www.linkedin.com/in/austin-rappeport-067a8161/ SecureWorld 2020 conference schedule: https://www.secureworldexpo.com/events

cybersecurity miniseries red team trend micro blue team zurich insurance group secureworld

LPOP ep. 86 - Mudanças climáticas são maior risco global, diz Fórum Econômico Mundial

The Learn Portuguese Online Podcast

Play Episode Listen Later Feb 5, 2020 6:22

Mudanças climáticas são maior risco global, diz Fórum Econômico Mundial Relatório é publicado anualmente às vésperas do encontro anual de Davos; documento analisa tendências e riscos para formulação de políticas e estratégias para os próximos 12 meses e pela primeira vez todos os 5 grandes problemas são ambientais. Problemas relacionados às mudanças climáticas dominam as preocupações de especialistas do Fórum Econômico Mundial para a próxima década. O "Relatório de Riscos Globais 2020", publicado nesta quarta-feira (15), trouxe, pela primeira vez, a questão ambiental em todos os cinco pontos de atenção para governos e mercados. Ao todo, para a compilação deste documento, foram ouvidos 750 especialistas e tomadores de decisão globais que chamaram a atenção para cinco riscos ambientais que podem transformar o mundo nos próximos dez anos. É a primeira vez, em 15 edições do relatório, que todos os problemas apontados têm relação com as mudanças climáticas. Os 5 maiores riscos globais são: 1. Eventos climáticos extremos, como enchentes e tempestades 2. Falhas nos combates às mudanças climáticas 3. Perda de biodiversidade e esgotamento de recursos 4. Desastres naturais, como terremotos e tsunamis 5. Desastres ambientais causados pelo homem Eventos extremos O relatório destacou os riscos de eventos climáticos extremos, como inundações ou tempestades como os mais preocupantes a longo prazo. Entre os outros pontos levantados pelos especialistas do Fórum estão o fracasso de governos e mercados em se adaptar adequadamente às mudanças climáticas. Segundo os analistas, possíveis desastres ambientais causados pelo homem – como derramamentos de óleo ou acidentes nucleares – são outro ponto de atenção. Além disso, apontam para os riscos econômicos que podem ser afetados por desastres naturais, como terremotos ou tsunamis. "As mudanças climáticas são uma ameaça muito real e séria para a sociedade", disse Alison Martin, porta-voz do Zurich Insurance Group, uma das instituições consultadas pelo Fórum. "Eventos climáticos extremos, como ondas de calor e inundações, estão se tornando mais comuns e graves, fazendo com que as comunidades enfrentem custos humanitários e econômicos muitas vezes devastadores." Riscos O Fórum Econômico ressaltou também os riscos econômicos desta emergência climática, e citou uma pesquisa de 2018 que estimou em mais de US$ 3 milhões (cerca de R$ 12 milhões) as perdas impactadas pelo desmatamento na Amazônia. A questão ambiental também se destacou entre as preocupações dos especialistas a curto prazo. Das cinco mais citadas, duas eram relacionadas à questão ambiental. "O cenário político é polarizado, o nível do mar sobe, e os incêndios relacionados ao clima são devastadores", disse o presidente do fórum, Borge Brende. "Esse é o ano em que os líderes mundiais devem trabalhar com todos os atores da sociedade para reparar e recuperar nossos sistemas de cooperação, e não apenas no curto prazo, mas para lidar com riscos profundamente arraigados." Source: G1 --- Send in a voice message: https://anchor.fm/learnportugueseonline/message Support this podcast: https://anchor.fm/learnportugueseonline/support

global os esse mundial segundo problemas ao davos econ mudan mico maior eventos amaz clim risco perda desastres falhas o relat zurich insurance group alison martin

AFF 2019: Hong Kong Advantages for Insurance Business

HKTDC

Play Episode Listen Later Mar 21, 2019

Hong Kong’s importance in the life insurance and commercial insurance businesses in the “New Economy” were underlined by Michel Liès, Chairman of Zurich Insurance Group. Speaking beside the Asian Financial Forum (AFF), he said the Belt and Road Initiative and Greater Bay Area were major opportunities for the insurance industry – including Zurich Insurance – and Hong Kong displayed energy and talent in the evolving economic landscape.

speaking hong kong belt advantages new economy road initiative insurance business zurich insurance greater bay area zurich insurance group

Neil Henderson, group director of global media and financial communications at Zurich Insurance Group, on the PRmoment podcast

PRmoment Podcast

Play Episode Listen Later Mar 12, 2019 56:14

This week, in the latest of our life stories podcast, I’m interviewing Neil Henderson, group director of global media and financial communications at Zurich Insurance Group.Neil is based in Switzerland.Previously, he has was head of media, content and partnerships at Which?, director of communications at Mastercard, executive director at Golin and head of media and broadcast at Red.Before this, he was a journalist with Sky, ITN and the BBC.[00:01:03] How Neil has managed his career so that he has been able to work in a broad range of sectors rather than specialise in one. [00:01:58] How for Neil, as a journalist turned PR guy, his career has always been "a bit like working a newsroom". [00:07:01] Why Neil wishes he'd stayed at Red and Golin longer than he did. [00:08:17] Whether PR people still under-prioritise the broadcast media. [00:12:38] How one of Neil's clients wanted him to get a urinal story on the Today programme. [00:13:08] Why do PR people not tell clients who have ridiculous requests to piss off?[00:16:59] Why it was Neil's time at Red that made him into a PR guy. [00:19:06] Why Neil believes that journalists continue to think that PR people are stupid. [00:20:35] Why it doesn't work out for 50% of the journalists that move into PR. [00:20:50] How media relations is only about 40% of most PR jobs these days. [00:21:47] Why you can learn more at a lunch with someone than at any other time. [00:22:20] How Neil is amazed that some agencies continue to open an Excel spreadsheet send a press release to 130 people. [00:23:28] Why senior journos calling out young PROs on Facebook for poor practice isn't a good look. [00:27:02] Why Neil’s time at Which? was his dream job. [00:29:42] Having made the move in-house - does Neil believe he'll ever move back agency side? [00:29:49] Why working in-house means that you basically have a variety of clients in the form of internal stakeholders. [00:32:46] How has it been for Neil moving his family to Switzerland? [00:34:09] How German and Swiss journalists allow PR people to make changes to the copy. [00:35:50] How as a Brit working in Switzerland it's embarrassing for Neil to talk about how badly Brexit is going to his German and Swiss friends. [00:39:04] Why Neil believes that even if there were a second referendum and the UK stayed in Europe, to a large extend the damage has been done. [00:40:37] When Neil is buying PR - what does he look for? [00:42:28] How sometimes you could put pitch documents together in a row on a table from seven agencies who pitched and if you took the names away you probably couldn't tell the difference between between some of the ideas. [00:43:23] Why Neil believes PR people even now have an obsession with print. [00:44:18] Why Neil believes agencies are still missing a trick with radio. [00:45:40] Why Neil believes PR in London is in such a good place. [00:46:58] Why Neil thinks some of the big PR shops are still overpriced: He says "Some of the bills I get are eye-watering for what what we get." [00:50:13] Whether the PR sector is more susceptible to mental health issues than some other sectors. [00:52:03] Why PR businesses don't say no enough. [00:52:08] Why PR firms don't challenge nasty clients enough.

europe pr german united kingdom financial bbc switzerland brexit pros swiss excel mastercard global media group director itn golin zurich insurance group how german neil henderson whether pr

World Economic Forum Global Risk Report

Real Estate Espresso

Play Episode Listen Later Feb 18, 2019 5:08

On today’s show we’re talking about one of the key take-aways from the World Economic Forum in Davos Switzerland only a few weeks ago. A few weeks ago the Forum published their annual Global Risks Report. This 114 page document was developed in partnership by the Zurich Insurance Group and Marsh and McLennan Companies. Insurance companies make it their business to understand risk. But before we can dive into the content of the report, it’s important to actually define what risk means. Risk, by definition is something that is not in your plan. If you’ve planned for 4 weeks of weather delay in your project, and you only experience 3 weeks of weather delay, then weather delays are not a risk because they’ve been already accounted for in your plan. Risks are anything outside your plan. When we talk about risk, we divide the risk into two components, likelihood and impact. The likelihood is the likelihood of the risk coming true. The impact is the actual impact of the risk if it comes true. The purpose of talking about risks is to ensure you have contingency plans for the risks that represent a threat to your business. The top 3 risks in terms of likelihood are all environmental. This encompasses extreme weather events, earthquakes and the like. It’s amazing to me how in this day and age in 2019 the number of commercial property owners that are still under-insured in high risk areas. Taking the time to read and understand your insurance policies to understand their limitations. Insurance policies can be incredibly complex to understand. There can be language in one section that is in conflict and superseded by opposing language in another addendum. When a claim is made under a policy, the claims department will send the policy off to the legal department for review. That process makes the insurance company your legal adversary at that point in time. Their job is to pay as little as possible under the policy. The two highest likelihood man made risks are theft, data theft, and cyber attacks. Here too, this is an area where there are simple procedural safeguards that you can employ which will protect your business. This past week I was speaking with the owner of a jewelry business who has experienced employee theft on multiple occassions. We’re talking theft in the hundreds of thousands of dollars. Cybertheft is a major issue that continues to make headlines. Data breaches have exposed personal data of billions of people. The largest was in India, where the government ID database, Aadhaar, reportedly suffered multiple breaches that potentially compromised the records of all 1.1 billion registered citizens. It was reported in January that criminals were selling access to the database at a rate of 500 rupees for 10 minutes, while in March a leak at a state-owned utility company allowed anyone to download names and ID numbers. It amazes me that in that environment, people still send wire transfer instructions via email without an old fashioned safety protocol to doublecheck the details by phone. If your investor sends a wire transfer and the email is hacked and the money ends up in the wrong account, you may be liable for hundreds of thousands of irrecoverable stolen funds.

data risk id insurance risks forum world economic forum marsh global risks aadhaar global risks report davos switzerland zurich insurance group risk report

Farmers Insurance Is Using the Oculus Rift To Train Workers In Virtual Reality

MarketScale Technology

Play Episode Listen Later Oct 26, 2017 1:10

Over the years, virtual reality technology has improved so much that insurance companies are starting to experiment with VR headsets like Facebook's Oculus Rift. Farmers Insurance, which is affiliated with Swiss giant Zurich Insurance Group, has started a major initiative to train its army of claims adjusters with the help of Oculus Rift headsets. Follow us on Twitter @ProAVNOW and read the latest industry news and updates on our publication at marketscale.com!

train vr workers swiss virtual reality oculus rift farmers insurance zurich insurance group

Here Are the Biggest Risks to Your Global Supply Chain

The SupplyChainBrain Podcast

Play Episode Listen Later Jun 9, 2017 22:43

A new wave of protectionism is threatening the stability of global supply chains. A worldwide backlash against free trade and globalization is posing new risks for supply chains. That's the conclusion of a new report from the Atlantic Council and Zurich Insurance Group. It examines a variety of geopolitical trends that could have a significant impact on economic growth, and, as a result, global supply chains. The report zeroes in on three main scenarios: the rise of protectionism in an interconnected world, the impact of conflict in the Middle East on the availability and price of energy, and the scarcity of water and food. On this episode, we take a deep dive into the study with Nick Wildgoose, global supply chain product leader with Zurich. He offers advice on what companies should be doing to buffer themselves against these three critical areas of risk. But judging from the results of a recent Business Continuity Institute study on business resilience, most are likely to suffer serious supply-chain disruptions anyway.

middle east supply chains zurich atlantic council global supply chain biggest risks zurich insurance group

Inga Beale

Desert Island Discs: Desert Island Discs Archive: 2016-2018

Play Episode Listen Later May 15, 2016 36:37

Kirsty Young's castaway this week is the business woman, Inga Beale.She has been the CEO of Lloyd's of London since January 2014 and was the first woman to hold the post in the 325 years since the insurer was founded in 1688.She is the middle child of a Norwegian mother and an English father and grew up in Newbury, Berkshire. Her career in insurance began in London in the early 1980s, but she tired of the predominantly male culture of the industry and left the City in 1989 to go travelling for a year. On her return she worked for the Prudential and then for GE Solutions, the insurance arm of General Electrics, where the work took her abroad.She left GE in 2006 to turn around a failing Swiss company, before joining the Zurich Insurance Group. Her last role before joining Lloyd's as CEO in 2014 was as chief executive of Canopius, a privately held Lloyd's insurer.In 2015, she topped a power list of the world's leading 100 LGBT executives. She is openly bisexual after coming out in 2008 and has been married to her husband since 2013.Producer: Cathy Drysdale.

ceo english lgbt swiss norwegian ge general electric berkshire prudential beale newbury zurich insurance group kirsty young

Inga Beale

Desert Island Discs

Play Episode Listen Later May 15, 2016 36:37

Kirsty Young's castaway this week is the business woman, Inga Beale. She has been the CEO of Lloyd's of London since January 2014 and was the first woman to hold the post in the 325 years since the insurer was founded in 1688. She is the middle child of a Norwegian mother and an English father and grew up in Newbury, Berkshire. Her career in insurance began in London in the early 1980s, but she tired of the predominantly male culture of the industry and left the City in 1989 to go travelling for a year. On her return she worked for the Prudential and then for GE Solutions, the insurance arm of General Electrics, where the work took her abroad. She left GE in 2006 to turn around a failing Swiss company, before joining the Zurich Insurance Group. Her last role before joining Lloyd's as CEO in 2014 was as chief executive of Canopius, a privately held Lloyd's insurer. In 2015, she topped a power list of the world's leading 100 LGBT executives. She is openly bisexual after coming out in 2008 and has been married to her husband since 2013. Producer: Cathy Drysdale.

ceo english lgbt swiss norwegian ge general electric berkshire prudential beale newbury zurich insurance group kirsty young

The Biggest Global Risks That Supply Chains Face Today

The SupplyChainBrain Podcast

Play Episode Listen Later Apr 10, 2015 28:16

Who better to assess the most serious risks confronting global business today than one of the world's largest insurance companies? Each year, a few weeks before the World Economic Forum conference in Davos, Switzerland, Zurich Insurance Group co-produces a report on global risk. The 2015 edition marks the tenth year of the report, which began by merely identifying risks, but now analyzes the connections between them, along with the ''cascade effect'' of such events as natural disasters, economic crises and geopolitical strife. The result is one of the most comprehensive references available for businesses and supply chains engaged in global commerce. On this episode, we speak with Linda Conrad, director of strategic business risk for Zurich, who reviews the conclusions of the report as it relates to both developed and developing countries. She also discusses why this year's report marks a change in the list of top global risks.

switzerland supply chains world economic forum davos zurich supply chain management global risks face today supply chain risk management zurich insurance group supply chain planning

027 – Learning to Think Like a Global Leader: Paul Horgan, Global Head of Group Reinsurance, Zurich Insurance Group

Your Leadership Story

Play Episode Listen Later Jul 16, 2014 35:54

No matter where or what you lead, you can learn lessons from Paul Horgan, Global Head of Group Reinsurance for the Zurich Insurance Group. For most of his career, Paul was based in Boston but for the last eight years, he’s been living in Zurich and learning to think and operate on a global scale. … Continue reading "027 – Learning to Think Like a Global Leader: Paul Horgan, Global Head of Group Reinsurance, Zurich Insurance Group"

learning global head zurich global leaders horgan reinsurance zurich insurance group

The role of central banks in Europe

Play Episode Listen Later Sep 17, 2013 5:33

Are central banks being stretched to breaking point? CNN's Richard Quest and Josef Ackermann of Zurich Insurance Group discuss the topic at London Business School's Global Leadership Summit 2013.

europe finance cnn central banks london business school lbs globalisation gls global leadership summit zurich insurance zurich insurance group richard quest josef ackermann

Failed banks have to exit the market

Play Episode Listen Later Sep 17, 2013 2:09

The crisis was a lost opportunity to restructure the banking system in Europe, according to Josef Ackermann, former Chairman of Zurich Insurance Group and Vice-Chairman of the Foundation Board of the World Economic Forum.

europe market finance banks failed exit world economic forum vice chairman london business school lbs globalisation gls global leadership summit foundation board zurich insurance group josef ackermann

Ackermann: New alternatives to traditional banks

Play Episode Listen Later Sep 17, 2013 1:29

The former chairman of Zurich Insurance Group, Josef Ackermann, talks to CNN's Richard Quest about banks being replaced by new funding mechanisms.

finance traditional banks london business school lbs globalisation ackermann gls global leadership summit zurich insurance group new alternatives josef ackermann

Recommendations for banking reform

Play Episode Listen Later Sep 10, 2013 1:29

Dr. Josef Ackermann, Chairman of Zurich Insurance Group; Vice-Chairman of the Foundation Board of the World Economic Forum puts forward his thoughts on how the banking sector can better add value to society at large.

finance recommendations banking reform world economic forum vice chairman london business school lbs gls global leadership summit foundation board zurich insurance group josef ackermann

Libor: How much did Josef Ackermann know?

Play Episode Listen Later Sep 3, 2013 1:29

CNN's Richard Quest finds out from Josef Ackermann, Chairman of Zurich Insurance Group; Vice-Chairman of the Foundation Board of the World Economic Forum about what he knew of the Libor Scandal.

finance cnn scandals world economic forum zurich vice chairman london business school lbs globalisation libor gls global leadership summit foundation board zurich insurance group richard quest josef ackermann

People want more transparency in finance but need a level playing field