Thursday, July 19, 2007

How do we manage Change Management in the Reinsurance World?

In the Reinsurance World, we have to manage people and act differently depending on how the market trends behave, how the World evolves, how diseases spread... Such uncertain environments are not stable despite the Reinsurance outlook could let you think that events are going incredibly smoothly...

Just have a look at young people, how they work, how they can learn so quickly when alone if open-minded. Change Management 'attitude' allows you to keep you abreast of new events and adapt yourself to a constant-changing world. Disasters and mistakes in life simply adjust the way you live and prevent you from repeating the 'Ooopss'. Just notice how stable environments can make you more fragile in the very long term (simply have a look at kids when in streets are too much protected... the day they fall, it means a greater disaster for them...). To sum up, the more you fall - the more you learn...

If you work in Reinsurance, you have always to deal with new expectations, new troubles to deal with that's why the way employees adapt their work, they have to do a lot of research to prevent bad events from happening one day and make sure life is going smoothly...

Could we say that Change Management is a priority in Reinsurance?

Didier, NewsRe Team

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