A wider lens: Introduction
05/25/2023
In today’s fast paced and ever-changing world, it can feel that we are constantly putting out fires when it comes to risk. However, having a narrow view of your risk profile or a ‘plaster sticking’ mentality can lead to detrimental impacts and additional costs down the line.
Zurich Municipal’s series, A wider lens: The risks of short-term decision-making, explores the bigger picture, zooming into key aspects to understand the entire cost of your risk - including the bigger meaning of insurance and how prevention is better than a claim, understanding your risk profile to avoid underinsurance and related issues, as well as strategies to build a risk managed and resilient organisation.
Our introductory chapter looks at the concept of the total cost of risk and what this means to the public and voluntary sector. Alongside examples and solutions, we start to discuss how understanding and taking a wider approach to your risk profile will future proof your organisation and the community it serves.
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