Globe of Risk
For many, if not all of us, 2020 has been a year that’s required a complete rethink of how to approach certain situations and for a while – especially during the hard lockdown period – normal, day-to-day activities have become almost alien. Louis Kahts, CIB, Head of Underwriting makes some interesting comments about our industry’s response to the COVID-19 pandemic on page 17 of this issue.
Hentus Honiball, a partner at global management consulting firm Kearney, looks at the role of scenario planning in the the recovery process on page 65. He stresses that Financial Services businesses are vulnerable from the stresses on their own business models as well as their clients’ vulnerabilities.
We are faced with changing consumer behaviour, very low economic growth over the next few years and political uncertainty, calling not just for “out-the- box” thinking but for “out-of-character innovation”. Leveraging off the way we managed the pandemic could just be the best strategic planning platform for our prosperity.