Reputation Risk Management and Insurance Firm Steel City Re Expands Capabilities With Addition of Australian and Swiss Company Data

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The expanded database will not only enable Steel City Re to underwrite and insure companies in the new markets, but to enhance its capabilities across its portfolio.

“Rapidly evolving environmental, social, and governance expectations have materially increased companies’ risk of serious consequences when stakeholders feel disappointed and angry.”

Steel City Re, an innovator in corporate reputation risk management and insurances, has added Australian and Swiss firms to its actuarial database. The 341 Australian firms and 162 Swiss firms boost the weekly global reputation risk surveillance to approximately 7,800 entities. The expanded database will not only enable Steel City Re to underwrite and insure companies in the new markets, but to enhance its capabilities across its portfolio.

“Rapidly evolving environmental, social, and governance expectations have materially increased companies’ risk of serious consequences when stakeholders feel disappointed and angry,” noted Steel City Re CEO Nir Kossovsky. “Our solutions help firms and their leadership avoid that scenario through assessment, underwriting and support for enterprise-wide reputation risk management activities – functions that are becoming increasingly challenging as companies need to satisfy diverse and expanding groups of stakeholders.

Steel City Re released last week a study (https://steelcityre.com/2020/01/29/white-paper-equity-impact/) showing how the severe impacts to stock price can be diminished – during and after a reputational crisis – through strategic preemptive steps that can be taken by governance, finance and risk management executives. Among the relevant findings were that the greater the percentage of intangible assets on companies’ balance sheets, the steeper the declines in stock price when crises occur.

The new Australian firms have an average market capitalization of 4,400 of which 73% is intangible. The new Swiss firms have an average market capitalization of 18,000 of which 62% is intangible.

Steel City Re employs principles of informational and behavioral economics to provide reputation risk management and insurance solutions. It pioneered the field of parametric reputation insurances using synthetic measures of reputational value. Steel City Re is an overseas advisor to the Lloyd’s of London syndicate, Tokio Marine Kiln.

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Desiree Niccoli
Alschuler Communications
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Steve Alschuler
Alschuler Communications
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@SteelCityRe
since: 02/2017
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