Emerging Risks

The CRO Forum supports the activities of the Emerging Risk Initiative. This initiative was launched in 2005 to raise awareness of major emerging risks relevant to society and the (re)insurance industry. Emerging risks are risks which may develop or which already exist that are difficult to quantify and may have a high loss potential. Further, emerging risks are marked by a high degree of uncertainty; even basic information, which would help adequately assess the frequency and severity of a given risk, is often lacking. Examples of such risks include climate change, asbestos liabilities, genetic engineering and nanotechnology.

The Emerging Risk Iniative is also explicitly supported by the following (re)insurance companies: Chubb Group, Insurance Australia Group, Royal & Sun Alliance, Scor Group and TrygVesta.

Publications so far:

CRObriefing Emerging Risk Initiative Position Paper: Climate Change & Tropical Cyclones in the North Atlantic, Caribbean and Gulf of Mexico (1.5 MB)
12 July 2006