RAW2020: The Cat Insurance Puzzle: Why People insure their Cellphone but not their Home

The cat insurance puzzle refers to the low or missing demand for high-severity-low-probability events, which is surprising given the high demand for low-value insurance products such as cell phone insurance policies. While the loss of a cellphone is usually an event of no or low consequence, the loss of a home to a family or… Continue reading RAW2020: The Cat Insurance Puzzle: Why People insure their Cellphone but not their Home

RAW2020: Leadership and the Future of Prediction -Prof. Diana Derval

https://2020.riskawarenessweek.com/talks/leadership-risk-screening-and-public-health/ In this session, Prof. Derval will review following aspects of predictive systems: What can we predict? How to make an accurate prediction? Which experts and data can help? What is coming next in terms of predictive approaches? Main outcome is that: the same personas, in the same context behave in the same way. We… Continue reading RAW2020: Leadership and the Future of Prediction -Prof. Diana Derval

The better alternative to “inherent” and “residual” risk concepts

Few things are certain in life: death, taxes and someone in the risk community asking about inherent and residual risks. In fact the question is so frequent that I even did a short video response: To most organisations inherent vs residual comparison is a way to measure potential risk mitigation effectiveness and the reduction in… Continue reading The better alternative to “inherent” and “residual” risk concepts