Why Kousky founded Insurance for Good: Difference between revisions
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Blog post [https:// | Blog post [https://www.insuranceforgood.org/blog/founderspost] | ||
As insurance market stress unfolds and risks grow, many more stakeholders must become familiar with insurance. | |||
…. for most of us, it is very hard to wrap our minds around changing risk. Both our institutions and our intuitions are built around an assumption of stationary risk. As are our traditional risk management approaches: reserving, design standards, our language of “x-year” events, and stable insurance markets… all assume risk is not changing. | |||
That begins with the first core activity of Insurance for Good: understanding and awareness. As insurance market stress unfolds and risks grow, many more stakeholders must become familiar with insurance. Insurance is no longer something that can be assumed or expected. People, governments, and institutions need to develop risk and insurance literacy—and fast. This education is a priority for Insurance for Good. As is creating the space for networking, learning, and sharing resources and tools among a growing community of practice. | |||
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Latest revision as of 04:55, 1 February 2025
Blog post [1]
As insurance market stress unfolds and risks grow, many more stakeholders must become familiar with insurance. …. for most of us, it is very hard to wrap our minds around changing risk. Both our institutions and our intuitions are built around an assumption of stationary risk. As are our traditional risk management approaches: reserving, design standards, our language of “x-year” events, and stable insurance markets… all assume risk is not changing.
That begins with the first core activity of Insurance for Good: understanding and awareness. As insurance market stress unfolds and risks grow, many more stakeholders must become familiar with insurance. Insurance is no longer something that can be assumed or expected. People, governments, and institutions need to develop risk and insurance literacy—and fast. This education is a priority for Insurance for Good. As is creating the space for networking, learning, and sharing resources and tools among a growing community of practice.