Oct 5, 2021
Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.
This week, Justin Smulison is joined by author and management consultant, Marco Dondi! Since his humble beginnings on the outskirts of Milan, Marco has established his career and expertise as a strategy consultant with over a decade of experience in advising CEOs and government officials on economics, economic development, banking, education, adult training, and people development. Most recently, he wrote his book, Outgrowing Capitalism: Rethinking Money to Reshape Society and Pursue Purpose, which sheds light on the fact that most people do not have the economic security to focus on purpose and life fulfillment.
In this episode, Marco speaks about outgrowing capitalism from the lens of risk. He speaks about the ongoing risk that COVID-19 is causing the global economy, what the role of central banks should be in the next major crisis, and why debt and inflation are major economic and political risks that risk professionals need to be paying attention to.
[:01] About RIMS’ Global Membership.
[:25] About today’s episode with Marco Dondi.
[:32] How to register for this year’s RIMS ERM Conference.
[:49] Other upcoming RIMS current virtual offerings.
[2:12] More about today’s episode.
[2:24] Justin welcomes Marco Dondi to RIMScast!
[2:40] Marco shares his career history.
[3:22] What is the risk of the U.S. defaulting from an economic perspective (similarly to 2008)? Would the fallout be different now than in 2008?
[5:59] Marco’s insights on the ongoing risk of COVID-19 to the global economy and what the role of central banks should be in the next major crisis that will shake up the economic markets.
[8:15] How frequently does Marco watch the actual global economic models? How does he feel that they could become further strained?
[9:42] All about the RIMS Mobile App and the RIMS Buyers Guide!
[10:50] What is hyperinflation? And how is it different from regular inflation?
[13:25] Is hyperinflation an economic risk or a political risk? Or both?
[14:59] Having traveled to more than 60 countries, Marco shares what he has learned about the magnitudes of some of the global risks from an economic perspective.
[20:50] Justin thanks Marco Dondi for joining RIMScast and shares some of the links to look out for in this episode’s show notes!
Mentioned in this Episode:
RIMS Events, Education, and Services:
RIMS Path To The Boardroom — Visit for past webinar presentations and interviews!
October 7, 2021 | “Surety Bonds: Understanding the Benefits” | Sponsored by Travelers
October 13, 2021 | “Board Dynamics: Confidence, Communication and Clarity” | Presented by RIMS Path To The Boardroom
October 21, 2021 | “Community-Sourced Risk Research & Best Practices” | Sponsored by Vector LiveSafe
October 26, 2021 | “Cyber Risk and the C-Suite” | Presented by RIMS Path To The Boardroom
October 28, 2021 | “Risking it All? Taking the Leap into Enterprise Risk Management (ERM) from RMIS” | Sponsored by Origami Risk
Sponsored RIMScast Episodes:
“What Could a CRO Do for Your Business?” | Sponsored by Riskonnect
“Hard Reality: A Look at Rising Rates in Property & Excess Casualty” | Sponsored by AXA XL
“Property Valuation Deep Dive” | Sponsored by TÜV SÜD
“Property Loss Control Engineering” | Sponsored by Prudent Insurance Brokers
RIMS-CRMP Exam Prep Virtual Workshops (October 2021) — Gain an edge with the RIMS-CRMP; the only internationally accredited risk management certification!
RIMS Virtual Workshops: Claims Management — Register now for Nov. 8‒9th
Spencer’s Risk Manager on Campus Program — Volunteer Today!
Related RIMScast Episodes:
RIMS Publications, Content, and Links:
RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community!
RIMS Risk Leaders Series — New interview with RIMS 2021 Risk Manager of the Year, Michael Harrington!
RIMS-CRMP Stories — New interview featuring Steve Pottle!
Want to Learn More?
Have a question or suggestion? Email: Content@rims.org.
Join the Conversation!
Follow up with Our Guest:
Tweetables (For Social Media Use):
“The major risk of [COVID-19]” — Marco Dondi
“The role of central banks needs to become much more direct. Or, at least, it can become if we want it.” — Marco Dondi
“Risk is one thing. Managing significant uncertainty is very different. It’s unpredictable.” — Marco Dondi