The insurance and financial industry trends were both rocked by the global financial crisis of 2008 to 2010. The crisis triggered a string of collapses of prestigious financial institutions and brought into question the established economic ideals of West capitalism. However many analysts claim that after significant restructuring, economies all over the world decided to balance an interventionist schema with a pragmatic approach that can deregulate swiftly based on domestic conditions.
One of the most visible recent financial trends is a greater focus on corporate social and environmental responsibility. Ernst & Young published a white paper stating that in 2010 there was a noticeable rise is the number of shareholder resolutions in the US that were focused on environmental or other forms of social accountability. While in 2010, these resolutions numbered 191, the year prior had seen only 150.
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.
The series of natural catastrophes at the start of 2011 is expected by many to raise insurances rates worldwide. Disasters in Australia, Japan and New Zealand were tragic occurrences that hugely increased the number of 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.
One of the most visible recent financial trends is a greater focus on corporate social and environmental responsibility. Ernst & Young published a white paper stating that in 2010 there was a noticeable rise is the number of shareholder resolutions in the US that were focused on environmental or other forms of social accountability. While in 2010, these resolutions numbered 191, the year prior had seen only 150.
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.
The series of natural catastrophes at the start of 2011 is expected by many to raise insurances rates worldwide. Disasters in Australia, Japan and New Zealand were tragic occurrences that hugely increased the number of 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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