Why Just Insure When You Can Ensure? Moving From Insurance to Holistic, Dynamic Risk Management

Content Summary

If the only tool you have is a hammer, every problem looks like a nail. The wisdom of this old adage is just as applicable in risk management as it is in life where the tool that organizations fixate most on is insurance. Once this fixation sets in, every risk issue (right or wrong) begins to look like it is best addressed with an insurance policy. There is no doubt that insurance is powerful, but is it so powerful that it can address all your risks?

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