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The rejuvenation of insurance – this is why it matters
Non-specialists rarely think about insurance in their day-to-day life. Most people don’t interact much with their insurer, unless they have a claim — the industry actually has one of fewe...
Erwann Michel-Kerjan, an authority on risk management and resilience, is the Executive Director of the Wharton Business School’s Risk Management Center and member of the Advisory Board of the World Economic Forum’s Global Risks report series. YGL alumni (class of 2007), Professor Michel-Kerjan regularly advises heads of state, corporations and foundations on these issues and currently serves as Chairman of the OECD Secretary-General Board on Financial Management of Catastrophes. Recent books include The Irrational Economist: Making Decisions in a Dangerous World (with P. Slovic) and At War with the Weather: Managing Large-scale Risks in a New Era of Catastrophes (with H. Kunreuther), winner of the Kulp-Wright prize for the most influential publication on risk management.
Non-specialists rarely think about insurance in their day-to-day life. Most people don’t interact much with their insurer, unless they have a claim — the industry actually has one of fewe...