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The Lighthill Risk Network The Lighthill Risk Network
  • About the Network
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The Lighthill Risk Network

The Lighthill Risk Network is

Shaping and Connecting

the Risk Community

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Shaping and Connecting

the Risk Community

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The Lighthill Risk Network

Driving business innovation and resilience from academic insight

The understanding of risk underpins the global re/insurance sector and its ability to support a more resilient society.

The Lighthill Risk Network seeks to tap into new research around all risks, use collaboration to increase the speed of knowledge transfer and openness to broaden the insight and impact from that knowledge. By facilitating and enhancing knowledge transfer into financial services from academic, government and commercial experts at the forefront of risk-related research, we provide a global gateway for companies to access the latest knowledge and understanding of risk and apply this to innovate their business. Through this open cross-sector collaboration, research and development, our mission is to drive forward better understanding of risk to empower a more resilient world.

The Lighthill Risk Network is calling on academics and insurers to work together to confront and overcome the main risks posing a challenge in today’s climate.

To begin this journey, we have set out a list of key research priorities that we believe need deeper levels of research and understanding.

Hydrological & Atmospheric Risk

Hydrological and atmospheric risks are particularly challenging for insurers to model; close collaboration with the academic sector is required to improve physical process understanding and risk modelling.

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Hydrological & Atmospheric Risk

Climate Change Risk

While scientists have gained much more confidence evaluating how climate change may affect an extreme weather event over the last 15 years, much of current insurance risk modelling is based on the assumption of a stable climate.

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Climate Change Risk

Emerging Technology and Cyber Risk

Insurers would benefit enormously from research into a standardised terminology framework for cyber incidents, as well as a consolidated data set of major historic cyber loss events.

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Emerging Technology and Cyber Risk

Resilient economies and complex systems

There is a gap for researchers to work with insurers to support a clearer framework for embedding resilience into decision making for businesses and governments.

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Resilient economies and complex systems

Decision making under uncertainty

There is scope to improve the impact of research into decision making under uncertainty through stronger links with insurance, particularly looking at areas of new work that should be pursued next.

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Decision making under uncertainty

The risk of risk modelling

The re/insurance industry strives to continually strengthen the predictive power of its catastrophe modelling capabilities and stronger links with researchers are required to stay at the cutting edge.

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The risk of risk modelling

If you are an academic or an insurer looking to help expand and enhance risk research, please get in touch today.

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Through open cross-sector collaboration, research and development, Lighthill Risk Network’s mission is to drive forward better understanding of risk to empower a more resilient world.

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