Steel City Re, a US-based innovator in corporate reputation risk management and insurances, has added 341 Australian firms and 162 Swiss firms to its actuarial database, boosting its weekly global reputation risk surveillance to approximately 7,800 entities.
Steel City Re said the expanded database will enable the company to underwrite and insure companies in the new markets, as well as enhance its capabilities across its portfolio.
“Rapidly evolving environmental, social, and governance expectations have materially increased companies’ risk of serious consequences when stakeholders feel disappointed and angry,” said Nir Kossovsky, Steel City Re CEO. “Our solutions help firms and their leadership avoid that scenario through assessment, underwriting, and support for enterprise-wide reputation risk management activities – functions that are becoming increasingly challenging as companies need to satisfy diverse and expanding groups of stakeholders.”
The new Australian firms have an average market capitalization of 4,400, 73% of which is intangible. The new Swiss firms have an average market capitalization of 18,000, of which 62% is intangible.
