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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