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Strategies & Market Trends : Taking Advantage of a Sharply Changing Environment

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From: Doug R	7/10/2018 11:28:28 PM
	3 Recommendations Recommended By 3bar DinoNavarre Hawkmoon Read Replies (1) of 6313

Insurance actuaries don't mess around. They're cut-throat data accumulating and crunching nerds and geeks. If a risk is real, they WILL know how much to charge to insure against it. 2012 - Insurance actuaries begin tackling space weather and inter-planetary influence on disasters. actuaries.org Extra-Terrestrial Influences on Nature’s Risks Brent Walker - February 2012 2013 - Insurance industry starts gearing up for a Dalton type grand solar minimum. actuaries.asn.au The New Grand Minimum New Skills have been developed by actuaries if they are to understand the changes in risks that are occurring in the new solar grand minimum. Prepared by Brent Walker Presented to the Actuaries Institute Actuaries Summit 20-21 May 2013 Sydney Nothing public from them about it since that I've seen. Maybe they're still satisfied with that for the time being. There's a lot in these two publications for everybody to chew on. From one page in the 2nd publication: The sun’s sunspot activity during a grand minimum, paradoxically, plays a significant role in producing extreme “ice-age” type cold weather events in the Northern Hemisphere while at the same time causing arctic regions to become warmer. This activity also can cause conditions that increase the short term risks of major, even great earthquakes and volcanic eruptions. There will be increased risks for the insurance industry during the Eddy Minimum. These are: 1. The increased incidence of violent storms will lead to higher property claims and increased crop insurance claims. 2. The colder and sometimes very much colder Northern Hemisphere winters will lead to higher business costs from lost production. 3. Longer winters, increased droughts and stalled monsoons will cause significant crop losses. 4. The continuing high incidence of great earthquakes causing sometimes catastrophic property and business losses which will be increased, particularly if they are followed by large tsunamis. 5. Higher mortality rates result from extreme weather, droughts, failed monsoons and seismic events. (For example, it was estimated that there were 6000 excess deaths from the March 2013 cold weather in the UK.) The secondary effects of these also have risk consequences. These result from political instability caused by: 1. High food inflation due to failed crops and reductions in grain stores. 2. High energy price inflation due to the lack of enough energy supplies in some locations during periods of excessively cold conditions. 3. Population concerns about the future leading to political unrest. 4. Major business disruptions due to extreme weather or major seismic events. This paper identifies why the Actuarial Profession should be using space weather and other space age tools to identify changes in a number of short-term and long-term risks. ____________________________________________________________________________________ What's that old saying again? Oh yeah - "Follow the Money"

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