horizon scanning the investment litmus test insurance industries
DESCRIPTION
An orderly method Note that there is a series of cause-and- effect relationships going around the circle. This discovery technique ensures thorough scanning in our due diligence process. 3TRANSCRIPT
HORIZON SCANNINGThe Investment Litmus Test
InsuranceIndustries
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An orderly methodHere we use the SATERPLIDE acronym to prompt the scan for future events and
their consequences. The segments are:
• Social (See Maslows’s Hierarchy of Human Needs)• Approach (First response to an issue)• Technology (Applying our innovation to reliable approaches)• Economic (The benefits in productivity from technology)• Resources (Human and Natural, required and consumed)• Political (Ownership rights of tribes to resources)• Legal (Administration of political resolutions)• International (Resolution of international differences)• Demographic (Population shift to better circumstances)• Environment (Built by Humans and by Nature, our impact)
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An orderly method
• Note that there is a series of cause-and-effect relationships going around the circle.
• This discovery
technique ensures thorough scanning in our due diligence process.
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SOCIAL SegmentMaslow’s Hierarchy of Human Needs
Creativity
Respect
Acceptance
Comfort
SurvivalIf your life is at risk, you may compromise on the items above survival
A roof over your head
Observing local customs
What do you know?
Problem Solving
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Human Need: Reliable insurance against risks
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APPROACH Segment
What to do if your human needs are being frustrated?
NEED APPROACHSurvival Flee, Fight,
Comfort Build, Adapt
Acceptance Join, Communicate
Respect Learn, Teach
Creativity Design, Invent
Develop ways of reducing the costs and improving the quality of the insurance cover
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TECHNOLOGY SegmentHow to make a successful approach re-useable & reliable?
How to make improved technology widely available? More sensitive risk profiling may be an answer.
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ECONOMIC SegmentHow do the improved insurance risk modeling operations improve
the quality of life? - By protecting retirement funds.
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RESOURCES SegmentWhat are the human and natural resources required to sustain the economic
activity? – Internet and energy and to start with
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POLITICAL SegmentThe insurance industry supply chains have political intersections
between the regulators and suppliers of the various resources.
The World Economic Forum assists with exchange of political views
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LEGAL SegmentInsurance industry operating procedures require detailed regulation for their success.
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INTERNATIONAL SegmentHow are differences between international systems resolved?
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DEMOGRAPHIC SegmentWhat is the impact of economic success of insurance industry on population
mix and location?
In the case of China, the Insurance industries have supported further development activities of all kinds. These have resulted in migration towards the east coast.
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ENVIRONMENT SegmentWhat is the impact of economic success of insurance industries on the natural
and the built infrastructure? The energy industries can be a major polluter.
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Next steps: Identify the future event labels