Paul the Insurer 20: Antigone and the power of the insurance industry

What does a heroine of Greek tragedy have to do with modern insurance? More than many people think, and the answer inspires a new look at responsibility, change and leadership.

The world of insurance is far removed from clichés and mountains of files. It is a dynamic field full of opportunities, risks and human decisions. This is precisely its appeal: insurance reflects the big issues of our time, from current environmental debates to character-based principles that are timeless.

Literature for managers: Antigone’s lesson for the industry

In a winter characterized by a love of learning and philosophical moments on an executive course at MIT, an insurance professional encounters the ancient figure Antigone. Her dilemma lies in the conflict between conscience and state authority and shows how topical classical literature can be. After all, modern managers face similar conflicts: Should you follow existing rules or follow your own convictions when change is imminent?

Green waves, leadership and new responsibilities

The dilemma that Antigone is experiencing can be found today in the form of the green movement and the associated challenges for insurance companies. When major investors made climate issues a priority, insurers also had to take a stand. Suddenly there were questions like: Can we continue to insure coal-fired power plants or is it time to rethink, even at the risk of economic disruption?

The way out of the dilemma arose from a further development of the perspective: Away from radical disruption, towards evolutionary change. The economic ecosystem needs sustainable transformation, but with responsibility and prudence. Insurers and investment companies have a great responsibility to help shape social developments without prematurely destabilizing valuable structures.

Stories that shape our work

The combination of ancient tragedy and modern economic dilemmas makes it clear that insurance is about far more than just numbers. It is about values, leadership and the ability to constructively accompany change as an economic participant. Those who embrace this perspective will recognize in every conflict an opportunity to actively shape the future.

Insurance companies shape the future

Insurance is more than just an industry, it embodies the opportunity to steer developments responsibly and creatively. We remain curious about the next chapters and invite you to join us in discovering inspiring stories and new solutions for the challenges of the present and the future.

Binci Heeb

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Read also: Paul the Insurer 19: Buying peace of mind