Course Hero Logo

Topic 1.docx - Visualizing the Biggest Risks to the Global...

Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. This preview shows page 1 - 2 out of 4 pages.

Visualizing the Biggest Risks to the Global Economy in 2020 ->-in terms of their likelihood and potential impact, top 5 global risks:Likelihood: extreme weather, climate action failure, natural disasters, biodiversity loss,human-made environmental disastersImpact: climate action failure, weapons of mass destruction, biodiversity loss, extremeweather, water crisis-natural disasters are becoming more SEVERE and more FREQUENT-already affecting institutional investors and the insurance industry:Stranded asset dilemma (paris agreement) -> forfeit $1-4 trillion in assetsAfter #MeToo, Insurers Are Forcing More Execs Into Training, But Raising Premiums Selectively-demanding companies institute or update anti-harassment policies and procedures and arealso making sure that anti-harassment training actually takes place-raised EPL rates selectively, hitting companies in industries which are regarded as fertileground for abuse (typically based on headcount)-a small slice of companies can't get new coverage at all-increased scrutiny by EPL insurers on anti retaliation policies-forecasting that that EPL premiums will rise as sexual harassment claims increase in theirSEVERITY and FREQUENCY-EPL is focused on damage done to businesses by harm to men and womenLooted Businesses in Chicago Worry About Insurance-delays from the rush of insurance claims and the prospect of much higher premiums next year-Insurers say while premiums are affected by losses, other factors will also have an impact onthe cost of insurance. These firms consult historical data to calculate how much is needed tocover further losses -> Because insurers look at many years of data, insurance costs are morereflective of long-term trends than one or two isolated events-insurers don’t wanna insure small businesses with little to no guarantee that they r even

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 4 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Spring
Professor
GARY
Tags

Newly uploaded documents

Show More

Newly uploaded documents

Show More

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture