Wednesday, March 29, 2017
Nir Kossovsky and Brady Young
Financial losses resulting from reputational damage have skyrocketed according to recent research – more than quadrupling in the past five years. Protecting against these risks requires a multi-pronged strategy that includes innovative insurance and risk financing products. For captives, there’s an additional issue as the IRS increasingly challenges tax shelters and is predicted to focus on the legitimacy, practices and business purpose of captive insurance products. In this webinar we look at the use of captives to fund reputation risk from a supporting role to commercial insurance products to a central strategic role aligning the protection of an organization’s reputation to executive compensation. Specific topics covered include:
- What is reputation risk?
- Insuring reputation risk in the commercial market
- The role of captives
- Coverage gaps
- Alternative coverage
- Pricing reputation risk
- Using captives to align reputation and executive compensation
This webinar is suitable for existing and prospective captive owners looking to understand how their captives can play a key role in insuring reputation risk.
Nir Kossovsky, CEO and Co-Founder, Steel City Re, a managing general agency for corporate reputation risk. Dr Kossovsky, is an authority on business process risk and reputational value. He is featured in case studies published by both the Harvard and Darden Schools of Business, and has personally authored more than 300 books and articles. He is currently a Trustee of Excela Health Systems, a community-based health care provider and executive secretary of the Intangible Asset Finance Society.
Brady Young, President, Strategic Risk Solutions. Brady has over 25 years’ experience consulting to captives. He has been involved in the formation of numerous captives and has provided strategic and operational consulting to many of SRS’s clients. He has led SRS and its captive services for the past 20 years.
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