Lloyd's - Emerging risks

Emerging risks

We have defined an emerging risk as "an issue that is perceived to be potentially significant but which may not be fully understood or allowed for in insurance terms and conditions, pricing, reserving or capital setting".

The Lloyd's Emerging Risks Team exists to advise the Lloyd's market of these potentially significant emerging risks. It will produce a series of reports, which are available to download below.

The Emerging Risks Team has just published its second report which examines the potential risks and opportunities in the emerging field of nanotechnology, a class of materials built on the atomic scale.  This technology promises to improve many industries including medicine, food technology, textiles, materials, cosmetics, defence and more, but the risks are still not fully understood.

This follows on from the first report which reviews why the Lake Okeechobee area is still a risk, what is being done to mitigate this risk and discusses the issues facing insurers and reinsurers as a consequence of the possibility of the failure of Herbert Hoover Dike.

Nanotechnology

A review of the potential effect the new area of nanotechnology could have on the insurance industry.


Nanotechnology report (1.35MB, pdf)

Herbert Hoover Dike

A discussion of the findings of an engineering review on the stability and safety of the Herbert Hoover Dike around Lake Okeechobee in Florida

 Herbert Hoover Dike report (712KB, pdf)

If you experience problems opening these files please ensure you have the latest version of Adobe Reader.

Please contact Trevor Maynard at Trevor.Maynard@lloyds.com or call +44 (0)20 7327 6141 for further information.