EMERGING ISSUES: LOOKING BEYOND THE HORIZON

Transcription

1 Presented by: Elise M. Farnham, CPCU, ARM, AIM, CPIW President, Illumine Consulting EMERGING ISSUES: LOOKING BEYOND THE HORIZON

2 EMERGING ISSUES Cyber World B Pandemic A Nanotechnology C Beyond the Horizon E D Sustainability Global Marketplace

3 For a pandemic of moderate severity, this is one of our greatest challenges: helping people to understand when they do not need to worry, and when they do need to seek urgent care. --Margaret Chan Director General, World Health Organization PANDEMIC

4 PANDEMIC: A GLOBAL EPIDEMIC AN EPIDEMIC THAT SPREADS TO MORE THAN ONE CONTINENT

5 PANDEMIC THREATS 1. Avian Influenza, human-animal transference Influenza Emerging Diseases 5. Nodding disease 2. Hendra, Nipah, haemorrhagic fevers, hepatitis Virus Parasites 4. Plague 3. Leptospirosis, Meningitis, cholera Bacterial Infection W.H.O. has issued a Global Alert and Response directive regarding these illnesses due to potential for pandemics.

6 PANDEMIC IMPACT 25-30% increase in demand for needs 20-40% decrease in staff and ability to respond

7 IMPACT OF A PANDEMIC

8 PANDEMIC PREPAREDNESS Management support and budget Select a crisis team Plan workforce strategy and skills inventory Develop communication strategy Scenario test the plan Intermittent review and testing of the plan

9 Never trust a computer you can t throw out the window. -- Steve Wozniak Co-founder of Apple Computers CYBER WORLD

10 STATISTICS -- FACEBOOK (2013) 1.26 billion users 250 billion photos posted 10 billion messages sent daily 65% of recruiters use FB to vet prospects 15.8% share of global mobile ad revenue 5.41% share of global ad revenue, all devices Source: Digital Marketing Ramblings

11 STATISTICS - GOOGLE (2013) billion searches per month billion search engine users 79% smartphone (Droid) market share 425 million active gmail users 200 million active google translate users Statistics from

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18 THREATS Arise from Aggressor nations Extremist groups Disgruntled individual / group Aggressive protestors

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20 IMPLICATIONS Commercial Enterprises Insurance Professionals Cyber Risk Insurance Carriers

21 Resilience is all about being able to overcome the unexpected. Sustainability is about survival. The goal of resilience is to thrive. Jamais Cascio Writer and ethical futurist SUSTAINABILITY

22 Sustainability Climate Change Green Movement

23 Natural Disasters in the United States, 1980 June 2013* Number of Events (Annual Totals 1980 June 2013*) There were 68 natural disaster events in the first half of 2013 Number Geophysical (earthquake, tsunami, volcanic activity) Meteorological (storm) Hydrological (flood, mass movement) Climatological (temperature extremes, drought, wildfire) *Through June 30, Source: MR NatCatSERVICE 23

24 Losses Due to Natural Disasters in the US, (Jan.-June Only) (2012 Dollars, $ Billions) First Half 2013 losses were running below 2011 and 2012 but were consistent with the decade prior. Approximately 57% of the overall cost of catastrophes in the US was covered by insurance in 2013:H1 (Overall and Insured Losses) 2013 First Half Losses Overall : $13.8B Insured: $7.9B Overall losses (in 2012 values) Insured losses (in 2012 values) Source: MR NatCatSERVICE 24

25 Natural Disasters Worldwide, * (Number of Events) There were 460 natural disaster events globally in the first half of 2013 and 905 for full-year 2012 Number Geophysical (earthquake, tsunami, volcanic activity) Meteorological (storm) Hydrological (flood, mass movement) Climatological (temperature extremes, drought, wildfire) *Through June 30, Source: MR NatCatSERVICE 25 3

26 GREEN MOVEMENT Development LEED (Leadership in Energy and Environmental Design) Increased cost of construction Ordinance and law changes Reclaim / re-use Consumption Clean fuels Reduced environmental impact of processes and procedures Conservation Local production and purchase

27 INSURANCE INDUSTRY RESPONSE As global citizens Sustainability Creative Ideas Public Policy Debate Climate Change Green Movement Coverage solutions

28 We must ensure that the global market is embedded in broadly shared values and practices that reflect global social needs, and that all the world s people share the benefits of globalization. -- Kofi Annan 7 th Secretary General of the United Nations GLOBAL MARKETS

29 CORPORATIONS EXIST TO.

30 GLOBAL MARKET CHALLENGES Turmoil and Risk Intellectual Property Abuse

31 KEY STRATEGIC RESPONSES Resilience Advancing People Skills Strategies IP, IT, Brand, Reputation Audits Risk Analytics

32 KEY RISK AREAS

33 Nanotechnology is an idea that most people simply didn t believe. -- Ralph Merkle One of the inventors of public cryptography NANOTECHNOLOGY

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36 DIAGRAM Computer Microprocessing Environment Medicine Balance of Power Impact & Risks Product Manufacturing Molecular Manufacturing; Replication

37 GREY GOO

38 TAKE-AWAYS What squared with you in this seminar? What made you view something from a new angle in this seminar? What new piece of information completed or closed the circle for you? List an action or a new approach you will now take because of what you learned today?

39 THANK YOU FOR YOUR ACTIVE PARTICIPATION! Please complete the evaluation forms.