Some risks, like sexual abuse and misconduct (SAM) risk, are too complex, dynamic, and severe to allow insurance information asymmetries to persist

It is normal practice in negotiating to seek to gain as much information advantage as possible.  Traditionally in insurance negotiations, applicants for insurance know more about their risks and how they are managing them.  Insurers have more and better information about the frequency and severity of insured events. 

However, as risks like sexual abuse and misconduct (SAM) risk become more complex, exploiting the arguable benefits of more or better information in small subsets of risk and risk management information comes at great cost.  Neither applicants nor insurers have the information each needs to make the well-enough informed SAM risk decisions that the increasing complexity, dynamism, and severity of SAM risk now demands.  

SAM risk managers need much better information than is currently available to manage SAM risk well.  The current lack of reliable information means SAM risk managers can only hope they are managing SAM risk well but they cannot know for sure. 

SAM insurers need far better information to offer the coverage, services, and sustainable pricing they and their customers both need.  The current lack of reliable information means insurance is more expensive, less extensive, and less profitable than it could be.   

Minimizing asymmetries of SAM risk information by having insureds and insurers collaborate to develop more and better SAM risk and risk management information in each other’s interests is a BOKRIM core principle.

Creating and Maintaining a Sexual Abuse Risk-Aware Culture: A Free Ten-Step Guide

Developing a sexual abuse risk-aware culture is the single most valuable thing you can do to protect the children and vulnerable adults in your care from sexual abuse.

Our free Ten-Step Guide is a practical introduction to the system that enables any organization to establish and maintain a sexual abuse risk-aware culture. 

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Tim Jaggs

I am a Brit who now lives just outside San Francisco.  Though I have given up arguing for “football,” not “soccer,” I am still trying to decide whether football is better to watch than rugby – it’s a very close call – and if it’s OK to admit I enjoy baseball almost as much as cricket.

I have worked with organizations managing sexual abuse risk for over 15 years. 

I created BOKRIM to help people working with children, who often have little risk management experience, to use risk management best practices to protect children from sexual abuse and protect themselves from the consequences of failing to prevent sexual abuse.