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Nanotechnology covers a vast and diverse array of devices derived from engineering, biology, physics and chemistry. Experts are of the opinion that it will prove to be one of the key technologies of the 21st century.
What insights can be generated through the wisdom of crowds? How and under what conditions do methods for surveying large groups work? And how can we produce findings that are relevant for the insurance industry in this way? One of the many methods Munich Re relies on to assess risks is crowdsourcing.
The world is about to embark on a fourth industrial revolution. The complexity and interdependences embedded will present significant challenges from a risk management perspective. This paper looks at the drivers shaping the rise of the smart factory, risk management implications involved, and ways how the insurance sector can assist with appropriate risk mitigations.
Risk awareness is essential to manage an emerging risk landscape: as more frequently cyber risks are caused by human behaviour rather than from system flaws or technological weaknesses it is inevitable to continuously sensitize all employees at all levels of a company. There cannot be a total protection against attacks and security incidents. But necessary action has to be taken to mitigate the likelihood of these risks to preserve the corporate reputation. This paper describes Munich Re’s approach to consistently improve a powerful human firewall.
To what extent do psychological factors influence a person’s risk assessments? Eric Eller, Eva Lermer and Bernhard Streicher (LMU Munich) together with Rainer Sachs discuss opportunities and limitations of intuitive risk judgements.
In their discussion paper, Rainer Sachs and Markus Wadé describe the difference between "risk" and "uncertainty", and illustrate what approaches are likely to be successful in the field of risk management.
Doris Mühlmann-Burger and Heidi Anneliese Strauß present an overview of the risks and opportunities in the field of information technology, and their impact on the insurance industry.


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Categorisation methodology for cyber risk (PDF, 1.7 MB)
The limited and fragmented data on cyber risk presents a significant challenge for companies as they try to understand, mitigate and quantify cyber risks. A common language is needed that helps communicate on cyber risk-related incidents in a way that is understood internally, recognised externally and provides information that will help understand the risks and lessons to be learned.
CRO Forum Publication (PDF, 1.7 MB)
Risk Radar Update (PDF, 1,018 KB)
In the updated Emerging Risk Radar the Emerging Risk Initiative has identified current risks that are expected to have a significant impact on insurance claims within the next ten years.
CRO Forum Publication (PDF, 1,018 KB)
Food and its impact on the risk landscape
Both food insecurity (availability, stability, access and use) and issues around food safety are potential risks for our society. A new position paper by the Emerging Risk Initiative of the CRO forum analyses these risks and presents insurance solutions.

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