; knutson
Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out
Your Federal Quarterly Tax Payments are due April 15th Get Help Now >>

knutson

VIEWS: 69 PAGES: 34

  • pg 1
									Casualty Actuarial Spring Meeting
Disney’s Contemporary Resort
Lake Buena Vista, Florida
June 17-20, 2007                    Steve Knutson
Insurance is about predicting
         the future
      Emerging Issues are:

– Phenomena whose nature and effects are
  unknown
– Beyond the bounds of existing underwriting
  and risk management protocols
– Beyond existing actuarial calculations
That there are      But there are also
known knowns,       unknown unknowns.
there are things    There are things
we know that        we do not know,
we know.            we don't know.


There are           And each year,        Donald Rumsfeld
known unknowns.     we discover a     Former Secretary of Defense

That is to say,     few more of those
there are things    unknown unknowns.
that we now know,
we don't know.
                                                           Flash
                             PROCESS
                    Quantify     Analyze                         Process
                                           Implement   Measure
Identify   Screen   and          and                             Improve-
                                           Solutions   Results
                    Prioritize   Resolve                         ments
Clues
Emerging issues arise from:
 Emerging issues arise from:

• Technological developments
 Emerging issues arise from:

• Technological developments
• Socio-economic trends
 Emerging issues arise from:

• Technological developments
• Socio-economic trends
• Novel legal theories
    Emerging issues arise from:

•    Technological developments
•    Socio-economic trends
•    Novel legal theories
•    Legislation and Regulation
Technological Developments
Cell Mutations




             Technological Developments
Diesel




         Technological Developments
Acrylamide




             Technological Developments
  Diesel
Acrylamide




             Technological Developments
Fear of future injury or disease




                       Technological Developments
Cell Mutations




             Technological Developments
Socio-economic trends
“Obesity” Litigation




                   Socio-economic trends
Addictive foods




                  Socio-economic trends
Addictive foods




                  Socio-economic trends
Novel Legal Theory
Alien Tort Statute




                     Novel Legal Theory
Alien Tort Statute




                     Novel Legal Theory
Alien Tort Statute




                     Novel Legal Theory
Public Nuisance




                  Novel Legal Theory
Public Nuisance




                  Novel Legal Theory
Public Nuisance




                  Novel Legal Theory
Public Nuisance




                  Novel Legal Theory
Legislation
Body burden




              Legislation
Legislation
Casualty Actuarial Spring Meeting
Disney’s Contemporary Resort
Lake Buena Vista, Florida
June 17-20, 2007                    Steve Knutson

								
To top