Ed, I agree with your corporate sentiment about doing something and analysis paralysis. As usual, neither of you disappoint with your fancy jargon and inspiring quotes. I've had similar experiences...
The idea of risk management v. risk avoidance is something I have had to work through repeatedly in my career. Many times I've had to remind supporting services that we are in the risk business. At AEGON that conversation happened frequently with the pricing actuaries who were attempting to eliminate risks in the product, but in doing so were pricing it such that it wasn't competitive in the marketplace. I've also encountered this risk avoidance mentality with legal/compliance support. I've found the best legal support I've received have always been lawyers that understand there is a business to run and that we should seek to plan for and mitigate risk, not eliminate it. Our inside counsel as well as outside counsel we use for labor matters are both fantastic to work with at MediRevv.
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