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 his presentation “Political risks, last option: the rise of fragile states, irregular conflict and non-state actors”, Kade Spears, Head of Specialty at The Channel Syndicate, highlighted the main characteristics of failed states.
Political risk has been covered by insurers since the beginning of Lloyd’s: ships were travelling all over the world, which raised concerns about piracy, mutiny, war and other perils. Today, there are many ways in which to insure political risks, but people often only think about them once the damage has already been done. Insurers and reinsurers need to have a comprehensive understanding of the political situation to be able to offer their clients the right solutions.
The world today is facing considerable political uncertainty. According to the “Fragile States Index” created by the US think-tank Fund for Peace, half of the countries in the world are classified as weak, failing or failed. For a state to be legitimate, the provision of core services, such as access to drinkable water, proper sanitation and security, is absolutely crucial. People will not remain loyal to a state that does not guarantee these basic services. The other condition for legitimacy is that all aspects of society are represented in the government.
When a state fails, the situation can deteriorate quickly. “We have this lifecycle, says Kade Spears, Head of Specialty at The Channel Syndicate, the state cannot provide the core services, there is no legitimacy in the government, people endure what they can, and they can organize to make their voice heard, but eventually they choose to exit the country or decide to rebel, you have the creation of these non-state actors, and it leads to regular conflicts. And when these groups are formed, it takes a very long time for the conditions to change”.