World Alzheimer’s Day marks a longstanding partnership between the SCOR Foundation and France's Alzheimer’s Disease Foundation to seek advances in the treatment, early diagnosis and prevention of this debilitating condition.
The agricultural industry is faced with a plethora of risks, and some of its major loss drivers are weather-driven natural catastrophes. SCOR’s latest technical newsletter takes a look at winterkill, caused when crops are damaged through exposure to cold in the winter.
Viral hepatitis is currently the world’s 7th deadliest human disease. To mark World Hepatitis Day on June 28, SCOR Global Life Medical Director Dr. Gabriela Buffet shares some key points about this widespread pathology.
Automated vehicles (AV) are keenly anticipated for the benefits they are expected to bring to society: greater safety, fewer traffic accident victims, improved access to mobility, and more efficient traffic flow resulting in reduced emissions.
In the video interview below, Thomas Sterner, Professor of Environmental Economics at the University of Gothenburg in Sweden, explores the risks associated with climate change and the uncertainty surrounding their quantification. He goes on to discuss the most efficient tools to mitigate those risks from the perspective of policymakers, corporates and the (re)insurance industry.
In their joint presentation titled “Risk and resilience of Infrastructures: how smart technologies can improve risk management”, Dr. Jennifer Schooling, Director of the Centre for Smart Infrastructure and Construction at the University of Cambridge, and Olivier Hautefeuille, Chief Underwriting Officer, Industrial and Commercial Risk at SCOR Global P&C, highlight the need for a resilience strategy with regard to infrastructure, and discuss how data can be used to better monitor infrastructures throughout their entire life cycle.
According to Olivier Hautefeuille, everyone recognizes the benefits of resilience in infrastructure. But the industry’s decision makers are still not automatically including criticality and resilience in their strategies, as highlighted by recent events. For example, the major flooding in Houston caused by Tropical Storm Harvey in September demonstrated the current flaws in modelling, and the need for investment to cope with the potential effects of climate change.
Today the infrastructure and insurance sectors share a common desire to further develop the concept of resilience. Thanks to data collection and analysis tools, we are able to better manage infrastructure throughout its entire life cycle. “Not having information costs money”, said Dr. Schooling, and we need to “transform the future of infrastructure through smarter information”. With predictive techniques, it is possible to fix things before they actually go wrong, and to do so with the least possible disturbance to users.
One of the challenges lies in obtaining consistent data – data comes from various types of sensors and different timeframes, and is of unequal quality and quantity. As Dr. Schooling emphasized: “The data you generate during the infrastructure construction phases needs to be matched with the data you generate during the operational phases to really understand how the infrastructure is operating and how it is serving the cities and the people that it has been built for”.
Dr Jennifer Schooling, Director, Centre for Smart Infrastructure and Construction, University of Cambridge
Olivier Hautefeuille, Chief Underwriting Officer, Industrial and Commercial Risk, SCOR Global P&C, talks about resilience in the infrastructure sector