Wednesday, September 12, 2012

Anthropologists Join Actuaries on Risk

Source: Financial Time

Anthropologists and actuaries work together? And on risk management? Yes, you read that right. Recently, these two groups offer one interesting perspective on assessment of the dangers thatbeset a bank, insurance group or any other company. Michael Thompson, an anthropologist, discussed the cultural assumptions that shape risk modelling in pensions and insurance. His work reinforces the point that risk management is not a "rocket science", and culture does matter.

"Investors in the eurozone take note: ... don’t just analyse Mario Draghi’s words; ask yourself whether you assume that any government is now in control – and whether the dynamics are benign."

To learn more, please read this article in Financial Time. Registration is free.

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