9
Turnaround in the risk zone
For every thing there is a season. . . a time to weep, and a time to laugh; a time to mourn and a time to dance. . .
A time to get, and a time to lose; a time to keep and a time to cast away.
Ecclesiastes, 3: 1–6
The risk zone is turbulent, uncomfortable and the result of a misalignment between the demands of a fast-changing environment and the inability of an organisation to change.
Let’s begin by looking at how a small reinsurance company suddenly found itself in the risk zone.
Finding yourself in the risk zone
The attacks of September 11, 2001, shocked the entire world morally and financially. Its toll on our lives – even those on different shores – was barely compensated, if at all. Reinsurance companies ...
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