Deforestation and Feedback Loops

Many of the most extreme dangers aren’t where people are looking. When risks are “in the light”—visible and priced—they get managed and shrink. But when risks are “in the dark” they quietly grow until a shock exposes them, often after it is too late to do anything about them. Hear about over 30 risks that are in the dark for many business leaders.  And a strategy for surviving.  Risks grow in the dark until the light finds them - but too late.  

What if the world's largest rainforest became a savanna? The Sahara was once lush. Could the Amazon face a similar fate within a generation?  Deforestation isn't just about trees. It's also about changing global weather patterns. Understanding environmental feedback loops is key to preparing for our future. Read this story at https://crossingthinice.substack.com/p/deforestation-and-feedback-loops

Ever wished you could practice for those critical conversations or high-stakes scenarios before they happen? In this episode of Crossing Thin Ice, Max Rudolph and David Ingram dive into the transformative power of AI simulations for risk management and professional development. Discover how these innovative AI-powered role-playing games allow Chief Risk Officers, actuaries, and their teams to hone communication skills, prepare for board presentations, navigate emerging risks, and even shape organizational risk culture. You can get personalized feedback from virtual mentors and gain invaluable experience in a safe, simulated environment.  Stop wishing you had a do-over.  Now you have have a try-before.  

Everything we know about economic growth is about to change. Demographics hold the key.This discussion explores how global demographics, from declining birth rates in developed nations to population growth in Africa, will redefine national and global GDP, reshape industries like insurance, and challenge political stability. We dive into the interconnected impacts of an aging world, climate change as a 'threat multiplier,' and the historical roots of population projections. Our world is aging, and the economy will be feeling the impact of that very soon.  

Do you believe higher risk always leads to higher returns? This podcast challenges that conventional wisdom. Max Rudolph and Dave Ingram explore the critical roles of judgment, timing, and execution in achieving successful outcomes. Through real-world examples and insightful discussions, they reveal why many businesses operate below the efficient frontier and how understanding these dynamics can lead to better business choices. Join us for practical insights that could transform your approach to risk management and enhance your enterprise risk management (ERM) program.

Are AI myths clouding your judgment? Join Dave and Max as they debunk the two most common fantasies about artificial intelligence, revealing the true story of its capabilities and risks. Discover the balance between harnessing AI as a partner and maintaining human oversight. This episode is a must for anyone navigating the evolving landscape of AI risk management.

Recent economic volatility, geopolitical tensions, and climate impacts are reshaping the landscape of risk. With insights on the importance of adapting scenario planning in turbulent times, this episode emphasizes preparing for unexpected futures and reevaluating assumptions to avoid costly missteps. Dave and Max highlight the interconnectedness of financial stability, regulatory pressures, and societal challenges, providing listeners with valuable strategies for enhancing their enterprise risk management programs to meet these challenges. 

Think you understand corporate risk? Listen in as we explore the ins and outs of SEC disclosures.  Are the risks that matter the most being buried?  What do you need to know to properly understand the Risk Factors section of the SEC filings.  

Explore how AI can enhance creative problem-solving within risk management. Dave and Max discuss the importance of adapting to emerging risks and the role AI can play in this process. From generating innovative ideas to providing instant feedback and keeping track of complex iterative processes, AI serves as a powerful partner for risk professionals. Tune in to discover practical strategies for leveraging AI to think creatively about risk management, improve decision-making, and stay ahead in an unpredictable world.

Insurance only works if we can all keep up with the rapid changes being brought on by climate change. In this  podcast,  Max Rudolph explores the challenges insurers face with wildfires, hurricanes, and the struggle to set fair premiums. They discuss the need for community resilience, regulatory shifts, and innovative predictive modeling. Join them to discover how homeowners can protect themselves in an unpredictable market and why sustainable practices are essential for the future of insurance.