The Lighthill Risk Network’s primary aim is to get answers for people on questions about risk. Questions can range from the specific, such as “What’s the exposure to failure of supply to airports for tank farm sites like Buncefield?”, to the general, such as “Is there a review available of methods to calculate technical rates for different lines of general insurance business?”. Their resolution can be a simple phone call or require investigation and elaboration or even consultancy, but it started with a question.
As the network grows, the range of specialist knowledge will extend, and in order to use our resources effectively, we periodically select particular topics – and for these recruit Risk Fellows – on which to focus our expertise. These currently include:
- London Flood - modelling methodologies, potential magnitude and responses
- Emerging Risks - indentification, aggregation, pricing and inclusion/exclusion from insurance
- Financial risk mathematical modelling techniques
- Insurance pricing methods and associated mathematical techniques
- The effects of climate variability and climate change on extreme events
- Enterprise Risk Management - definitions, appropriateness to (re)insurance underwriting, reserving and market risk
The Industry Advisory Board recommends, in the first instance, which areas of risk the Network will focus on. The agenda will be set quarterly and Visiting Fellows chosen on particular topics of interest to the Group.
Supporting the Topics for members will be an on-line database accessible from both the insurance and scientific sides and kept up-to-date and relevant by members’ contributions.
To read more about our topics see the Lighthill Risk Network brochure |
Vision statement
