The economic crisis in the late 2000s had a transformative effect on insurance and financial industry trends. While the crisis prompted the collapse of a string of financial institutions, it also challenged the accepted economic ideology in the West of finance capitalism. While across the world we saw greater government intervention, the general consensus is that the global crisis has created a new philosophy of eclectic pragmatism.
Corporate responsibility seems to be a great priority than ever before. In a report carried out by Ernst & Young, 2010 saw a significant increase in the number of shareholder resolutions in the United States focused on the environment or other topics associated with corporate responsibility. One hundred and ninety-one resolutions were filed, a sizeable increase from the one hundred a fifty the year before.
The evidence indicates investors are more concerned than ever before with being responsible to society and the environment. Many argue this is almost close to becoming an essential priority because resolutions focused on these issues have risen steadily over the past six years. ExxonMobil shareholders voted to make the company be far more open to public on its oil and natural gas extraction process.
Also the global economic situation changed the views of many corporations concerning unlimited and exponential expansion. There is now a greater focus on maintaining long-term growth and steady prosperity that can be resilient in changing economic climates. This is the new model replacing the strategy of hitting overly ambitious growth targets by any means necessary.
An unrestrained pursuit of growth in order to meet unreasonable targets has been the downfall of many corporations. Projections were based on market and region expectations that were rushed and could not survive in the shifting economic landscape. However, the strategy of sustaining growth demands strong leaders who can reset investor aspirations and can recognize where new drivers of growth will start.
Many commentators have estimated the price of insurance will increase as a result of the numerous natural disasters across the globe. In early 2011 there was an array of tragic events in Japan, New Zealand and Australia, devastating communities and rocketing insurance claims.
Lloyds of London expects the high rate of natural calamities to result in a higher rates of insurance as damaged companies seek to rebuild. This was also the view of Caitlin, another global insurer, who thinks the catastrophes of 2011 will inevitably raise insurance prices.
Corporate responsibility seems to be a great priority than ever before. In a report carried out by Ernst & Young, 2010 saw a significant increase in the number of shareholder resolutions in the United States focused on the environment or other topics associated with corporate responsibility. One hundred and ninety-one resolutions were filed, a sizeable increase from the one hundred a fifty the year before.
The evidence indicates investors are more concerned than ever before with being responsible to society and the environment. Many argue this is almost close to becoming an essential priority because resolutions focused on these issues have risen steadily over the past six years. ExxonMobil shareholders voted to make the company be far more open to public on its oil and natural gas extraction process.
Also the global economic situation changed the views of many corporations concerning unlimited and exponential expansion. There is now a greater focus on maintaining long-term growth and steady prosperity that can be resilient in changing economic climates. This is the new model replacing the strategy of hitting overly ambitious growth targets by any means necessary.
An unrestrained pursuit of growth in order to meet unreasonable targets has been the downfall of many corporations. Projections were based on market and region expectations that were rushed and could not survive in the shifting economic landscape. However, the strategy of sustaining growth demands strong leaders who can reset investor aspirations and can recognize where new drivers of growth will start.
Many commentators have estimated the price of insurance will increase as a result of the numerous natural disasters across the globe. In early 2011 there was an array of tragic events in Japan, New Zealand and Australia, devastating communities and rocketing insurance claims.
Lloyds of London expects the high rate of natural calamities to result in a higher rates of insurance as damaged companies seek to rebuild. This was also the view of Caitlin, another global insurer, who thinks the catastrophes of 2011 will inevitably raise insurance prices.
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