Risk is often not thought about consistently. In some cases it derives from actuarial tables, in other cases straight from the gut. It has to deal with both common repetitive events and black swans of unexpectedness. Insurance protection and cosmic events. . How do we manage this portfolio of expectation?
Thinking Differently About Risk
Risk factors, alternative tools, and the risk manager’s increasingly important role.
The risk profiles of companies operating today – particularly multinationals, but by no means limited to them – are radically different than they were just a few short years ago. Many factors are driving the change, including several mentioned below. But the underlying reason can be described in two words: growing complexity. Managing this complexity and the concomitant risks that go with it requires a broader conception of insurance and its overall role in the risk management mix than in the past. ... "
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