New technologies often come with great promises from proponents and grave warnings from skeptics. The risk management community has taken notice. Major insurers such as Allianz, Munich Re, Swiss Re and Lloyds have issued detailed reports describing the potential risks to people and the environment. To date, few losses or claims have been reported, but the issue looms and risk managers and insurers are continuing to develop strategies in response. Insurance and risk management are essential enablers for the successful commercialization of nanotechnology.
INSURING NANOTECH RISK Robert C Meder Risk Management; Apr 2010; 57, 3; Docstoc pg. 55 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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