Global Insurance Symposium’s Post

Thanks Burnt Island Ventures for giving me a chance to dive deep into LAIIER's history and future in last week's #BIVsession. We talked about: 1. Every one of LAIIER's use cases are driven by climate change - not always obvious, but when you look closely, it's always there - so interesting and important. 2. The acceleration that we see in industrial use cases 3. Our relationship to insurance - insanely exciting 4. Product differentiation and why customers love what we're building. Want to take a look? Drop me a DM and I'll send you a link and the passcode :)

Today is #InternationalDayofOlderPersons. Have you considered having a conversation with your loved ones about planning for the coming years? This article has tips for handling this important conversation. #GlenEagle #TrustTransparencyTriumph #HavetheConversation Article Link: https://ow.ly/wCVs50Q6aw0

#EmpoweringTimes #RopesAndNets #Agriculture #Construction #FishingIndustry #GlobalEconomy #Robotics #AI #DrSoumyaSwaminathan #WHO Empowering Times (ET) this month looks at 'The Ropes and Nets Industry: Unfancied but Vital Business.'

There’s a theory that animals can’t imagine and prepare for a future that is different from their current situation. So, they can’t imagine being hungry at some future time if they are full now, for example. Some animals might appear to be planning ahead, like when squirrels stash nuts away for winter. But this is instinctual, hardwired behaviour rather than a perception of time and possible futures. They’re carrying out a set of actions, without knowing why, in response to some immediate trigger. Humans are different. We can time travel, imagining ourselves at any point in time in many different states or possible situations. And so, we plan for multiple versions of the future simultaneously. For example, if you drop a grape down a tube with a split in it, people will place a hand under both exits because they know they’ll definitely catch the food even if one of the hands doesn’t end up doing anything. We build redundancy into our planning to deal with possible future scenarios that we’ve built through experience and imagination. But sometimes I think our organisations end up acting more like squirrels. We go through the motions of preparing for the future without any of the imagination needed to really explore the possibilities and adjust the plans. We might hoard resources or chase growth without applying our future imagination and thinking through the consequences of those actions on other people and our planet. Or we might have financial reserves or contingency plans but fail to think through what might trigger change, how we might react, and what we need to do now to be better able to deal with multiple possible futures. Too many of our organisations never question how we engage with the future, what we’re doing about it today, or how we ended up with this massive pile of nuts without even thinking about what they were for…! So be less Squirrel. Imagine the possibilities. (P.S no squirrels were harmed in the making of this post and I don't have anything against them..!)

A low-water future will occur for many in the U.S., encompassing diverse water needs from advanced manufacturing to farming. Water research will play a vital role in developing advanced technology and enhancing farming efficiency to sustain growing populations. Kansas State University's Water Research Institute, backed by funding from the State of Kansas, is at the forefront. Multidisciplinary researchers are actively involved in preparing for the coming low-water future. #NextGenKState #GoCats

In corporate planning, a "quick revision" is a mythical creature we're all trying to capture. We're more likely to find Bigfoot riding a unicorn through the office than nail that elusive "quick revision"! #eventplanning #corporateplanners #eventprofs #thursdaythoughts #humor #linkedinlaughs #foresight #revisions

Zeeworld made me an investor While I was binge-watching ZeeWorld, it struck me how the shows demand immense patience. I mean, how else could they drag out a single scene for two whole days ???? That kind of patience got me thinking about another area where patience is key: 💡 Investing 💡 Investors exercise patience in several key ways: 💠 Long-Term Focus: They avoid chasing short-term gains, understanding that real returns come over time. They stick with their investment strategies even when the market is volatile, trusting that it will recover eventually. 💠Emotional Discipline: They resist the urge to make hasty decisions based on market swings. Instead of panicking during downturns or jumping at every trend, they stay calm and stick to their research and long-term plans. 💠Reinvesting Dividends: Rather than cashing out immediately, patient investors reinvest dividends, letting their money grow over time through compounding. 💠Waiting for the Right Moment: They’re selective, waiting for well-researched opportunities rather than rushing into trends. Timing and thorough analysis guide their decisions. 💠 Trusting Compounding: They appreciate that wealth grows exponentially over the years or decades through the power of compounding. 💠Enduring Market Cycles: They understand and accept market fluctuations, avoiding attempts to time the market. Instead, they remain invested through highs and lows, knowing that over the long term, the market trends upward. Maybe ZeeWorld isn't as bad as it seems, right? 🤔 Just like ZeeWorld's never-ending scenes, successful investing requires a lot of patience. 🖋 How do you stay patient with your investments, and what strategies do you use to ride out the ups and downs? Drop your thoughts below! 👇 #PatienceIsAVirtue #InvestmentWisdom #ZeeWorldLessons #LongTermGains #StayPatient

Whales are amazing. In every sense. There is not one day without a new discovery about their way of living, communication and looking after each other. Whoever has had the chance to experience whales in the ocean understands that there is intelligent consciousness and feels an emotional connection. But not only that. Whales are actually instrumental in helping the slow-down of climate change by removing carbon from the atmosphere. Read the article in the NYT: https://lnkd.in/dD5Yr5W2 and also read/watch below to understand more about this incredible and necessary action.

I've had a number of good conversations with companies talking about how their actuarial teams can do more with data, move faster to decisions, and test how new and varied data types may impact their results. Here is a chance to share ideas, learn what others are doing, and help define and steer best practices moving forward!

We're proud to support the upcoming Actuarial Technology Summit! This fully remote conference on December 12, will explore practical actuarial technology topics that can transform your workflows and enhance efficiency. Learn more about the conference below, and be sure to join this fantastic event! #ActuarialTechnology #Conference2024 #TheGunterGroup #ContinuousLearning