RIMS 2019 is behind us. Monte Carlo, its nominally more sophisticated and more business-like cousin, looms.Education & TrainingManagement & Sales
These twin schmoozefests dominate the insurance year at a cost. Both can take employees away from actual work for a week or two. Both incur significant travel expense. Both can be a waste of time (I say can be, not are).
So why bother? I once asked Jim Bryce, then CEO of IPC Re and among the most open insurance leaders Ive ever met, that very question. He phrased his reply in the negative. “You cant not go,” he explained. “Youd be noticeable by your absence.”
In insurance terms: Reputational risk.