Our cover story package reveals our 2011 list and in-depth analysis of the 10 most dangerous emerging risks.
Taking creative license, we presented the material with a theoretical scenario followed by enterprise reporting and analysis.
Casual observers might underestimate the likelihood of these risks occurring tomorrow or in 10 years. That would be a mistake.
Our interviews of commercial insurers, brokers and risk consultants confirmed that carriers and risk managers are working on strategies to mitigate these potential risks.
In case anyone needed reminding of the unanticipated outcomes from the cascading of known risks, think about the recent disaster in Japan.
That's not to say the Japanese could have done more to prevent the widespread devastation from a magnitude 9.0 earthquake and the subsequent towering tsunami that crashed ashore.
When you add the radiation release from the damaged nuclear reactors, this sequence surely must fall into the low-probability, unthinkable category ... or must it?
This tragedy proves events thought to be unlikely in our lifetimes need to be given serious attention and prudent risk management. We are committed to keeping the spotlight on the next wave of risks, so we plan to report a new list of emerging risks every year before the Risk and Insurance Management Society's annual conference.
We welcome reader feedback on our emerging risks coverage.
May 1, 2011
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