Remove Bond Remove Finance Remove Innovation Remove Risk Management
article thumbnail

How the Insurance Industry Can Push Us to Prepare for Climate Change

Harvard Business Review

But the emerging challenge of reducing risk exposure for coastal residents creates new opportunities for firms that can innovate and provide new solutions. Catastrophe bonds are high-yield bonds, sponsored by local governments and issued by reinsurance companies, that do not pay out in the event of a catastrophe.

article thumbnail

Sustainability in Financial Services Is Not About Being Green

Harvard Business Review

Examples of governance performance include management of the legal and regulatory environment, systemic risk management, and managing conflicts. This is in direct contrast to "financial innovation" that focuses on only one dimension of performance, putting the others at risk. Finance Sustainability SASB'

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Investors Need to Know About Zimbabwe After Mugabe

Harvard Business Review

Even before announcing his new cabinet, Mnangagwa installed a key reformist, Patrick Chinamasa, as acting finance minister, tasked with tackling corruption and re-engaging with international institutions to unlock funds to ease liquidity shortages. Mnangagwa’s first actions in office underscore how important he views economic recovery.

article thumbnail

How Blockchain Is Changing Finance

Harvard Business Review

But the solution to this innovation logjam has emerged: blockchain. The unstoppable force of blockchain technology is barreling down on the infrastructure of modern finance. Third, it’s exclusionary, denying billions of people access to basic financial tools. Distributed Database. Is this the end of banking as we know it?