Insurers blind to new threats, network analysis suggests

Risk taxonomies driven by top-down approach or externally imposed labels expose firms to blind spots

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Out of sight: insurers could end up underestimating or missing entire areas of the risk landscape

Existing ways of categorising the emerging risks faced by financial firms might not be fit for purpose, new research suggests, and could lead to companies underestimating or missing entire areas of the risk landscape.
 
In research due to be published in the Journal of Network Theory in Finance later this year, Christos Ellinas, a research fellow at Bristol University, used a bottom-up approach to analyse how emerging risks were assessed by a sample of 15 UK insurers and reinsurers. He did not

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