LUNCH & LEARN: ALL ABOUT REPUTATION RISK EXPOSURES (On-Site Registration)
January 8, 2020 – Mayer Brown, NYC
“In a market system based on trust, reputation has a significant economic value” noted former Federal Reserve Chairman Alan Greenspan in 2008. Using that framework, Reputation Value is therefore the accumulated economic benefits of stakeholders’ expectations, and Reputation Risk is the peril of economic harm from stakeholders’ disappointment and anger amplified by social media.
To address these risks, parametric risk transfer solutions, quantification of reputation value and volatility was necessary to be built from scratch. Today we have about 18 years of data comprising synthetic measures of reputational value informed by behavioral economics. Hundreds of captive insurance companies, and insurers led by Tokio Marine Kiln use Steel City Re metrics as the basis of underwriting.
Peter Gerken, a Co-Founder of Steel City Re, a Managing General Agency, will discuss all the elements of reputation as well as the marketplace at this time on the buy and sell side. Further, he will outline the opportunity for attendees to consider addressing intangible asset risks and being part of this expanding marketplace.
A NOTE WHEN REGISTERING:
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Registration For Non-Members: Please complete the registration form as it appears once you click on “To Register”.
Location: Mayer Brown,1221 Avenue of the Americas, New York, NY 10020