Coverage Issues in the Construction Site of the Future

robot construction worker

In part one of this series, I mentioned several ways in which new technology has the potential to advance safety. For instance, as drones and other automated machinery replace certain job functions that today humans exclusively perform, this could conceivably … Continue reading →

Cyber: A Risk Like No Other

global cyber risk

I am in the insurance business, and for years I delivered a stump speech to CEOs, CFOs, CROs and risk managers trying to get them to pay attention to cyber risk. I don’t have to make that speech anymore. Continue reading →

Mutual Insurers and Non-Traditional Capital: Time for a Change of Perspective

prism

Only a few years ago, mutual insurers could understandably have viewed the influx of non-traditional capital trickling into the reinsurance market as irrelevant. Continue reading →

Threats and Opportunities of Demographic Change: Brazil

2015 Population of Brazil

The race to recruit the finance world’s best individuals has become a war for talent, according to leading academics. Dramatic shifts in demographics mean countries such as the United States, Japan and much of Europe are keen to attract students … Continue reading →

Improving Your Employees’ Access to Medical Care Using Data Analytics

hospital waiting room

A fast food restaurant chain operating in 24 states in the Southeast and Midwest was struggling with medical cost inflation. Their year-to-year trend had actually outpaced market rates. This caught the CFO’s attention. Continue reading →

Ghosts in the (Driving) Machine – and on the Witness Stand

self driving car, animated

Can a balance be created between life-saving autonomous car technology and tort law, or will the fear of large verdicts stop manufacturers from deploying the new technology? Continue reading →

Terrorism: An Evolving Response to an Evolving Threat

malware as terrorism

Modes of terrorist attack are changing. The world today confronts the self-proclaimed Islamic State, built on terrorist tactics and apparently determined to export its methods in any way it can. In the US, we see acts of terror perpetrated by … Continue reading →

ERM: Discussing Fatness of Tails in Risk Models

Taylor's Fat-Tailed Gecko , Hemitheconyx taylori

Most decision makers are familiar with the statistical average and standard deviation measures. But risk management typically focuses on unlikely “tail” events. The financial crisis helped popularize the term “fat tails” to represent the idea that these extreme events are … Continue reading →