The Future of Global Risk: A View from Davos 2017

Originally published in Scientiifc American – January 16, 2017– Thirteen years ago, a group of us joined forces at the invitation of the World Economic Forum to embark on what would become an enlightening, yet sobering, journey in the risk space: the Global Risks Report initiative. The Forum is most known to the general public […]

The Rejuvenation of Insurance – This Is Why It Matters (August 2016)

By Erwann Michel-Kerjan – Published by the World Economic Forum 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 fewest annual customer touchpoint. Yet, insurance is one of the largest industries in the world, with […]

World Economic Forum’s 2016 Global Risks Report discussed at Davos

The report, undertaken for the past 11 years with the Wharton Risk Management Center, relates opinions of 750 experts who assessed 29 global risks for both impact and likelihood over a 10-year time horizon and is being released today in advance of the Forum’s annual meeting taking place on January 20-24 in Davos, Switzerland. · […]

LEADERSHIP DISPATCHES—New Book Released! (2015)

Imagine you are the newly elected president of your country, waiting to enter office. Just ten days before your inauguration, your country suffers a massive 8.8 earthquake. How do you prepare for the recovery process? How do you bring your country back on track rapidly? For more information, access the book on Amazon here On […]

EMK receives the prestigious Lloyd’s Science of Risk Prize in London (Nov 2014)

The award recognizes his work on Evaluating Flood Resilience Strategies for Coastal Megacities (published earlier this year in Science), jointly undertaken with Jeroen Aerts, Wouter Botzen, Hans de Moel (VU University, Amsterdam), Kerry Emanuel (MIT) and Ning Lin (Princeton University). In the work, Dr. Michel-Kerjan and his colleagues performed a full cost-benefit analysis of resilience […]

How Terror-Proof Is Your Economy? (Nature, October 2014)

In a recent Nature article (Nature has the highest impact factor of any journals in the world), Dr. Michel-Kerjan calls for a much more rigourous quantitative analysis of terrorism exposure to help any President or Prime Minister make more informed decision. “As aircraft from the United States and other nations continue to bomb parts of […]

The Future of Terrorism Insurance for Corporate America (July 2014)

Dr. Michel-Kerjan’s Opinion in CNBC – “In the coming weeks, Congress will determine who shall pay for the losses that corporations would suffer from a future terrorist attack on U.S. soil by deciding in what form the Terrorism Risk Insurance Act (TRIA) should be renewed. The terrorist attacks of Sept. 11, 2001 inflicted $32.5 billion […]

New in Science– Evaluating Flood Resilience for Costal Mega-Cities (May 2014)

Just published in Science. — “Recent flood disasters around the world illustrate how vulnerable coastal cities are to storm surge flooding. Despite trillions of dollars of assets located in coastal flood-prone areas, investments in protection have often been inadequate ( 8), postponed for short-term economic reasons, for lack of consensus on how to properly evaluate […]

Stop the Davos bashing! A five-point reality check (Feb 2014)

Exclusively for CNBC. By Erwann Michel-Kerjan. For almost a week in January every year, Davos is in the headlines of the entire world media. Millions eagerly turn to their favorite news channel to get a taste of what is happening at the annual meeting of the World Economic Forum (WEF) in that small ski resort, […]

Top Risks of the 2014 WEF Global Risks Report Are … (Jan 2014)

For its 9th edition, the GRR 2014 offers the following ranking of the top global risks: In terms of likelihood 1) Income disparity 2) Extreme weather events 3) Unemployement and underemployement 4) Climate change 5) Cyber attacks In terms of impacts 1) Fiscal crises 2) Climate change 3) Water crises 4) Unemployement and underemployement 5) […]