Prudential CRO: markets haven’t priced in tail risks

Risk USA: distribution of extreme outcomes “has gotten broader and wider”, says Nick Silitch

Stock market

The tail risks posed by inflation and climate change are not being priced into the market because there is no consensus on how they will materialise, according to a senior risk manager.

“We can all say we should double the tail risk, but it must be an industry move toward these outcomes,” said Nick Silitch, Prudential’s chief risk officer, at the Risk USA conference earlier today (November 8). “We can look at our deterministic stress-testing and extreme events, but it’s hard to price these

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here