Tag Archives: Actuarial science

19Aug/23

What to do in a ship fire like that of the Fremantle Highway?

The large ship fire on the Fremantle Highway has once again shown that the transport of electric cars entails other risks. The approach to an incipient fire also requires a different approach. And while the fire on the Fremantle Highway ended relatively well, it was close to a bigger disaster. That is why FMTC, specialist in safety training for the offshore and maritime sector, among others, provides more insight into the specific characteristics of a ship fire with a high-risk cargo, such as electric cars. How does such a fire start, how do you fight it and what measures can you take to prevent a recurrence of this near-disaster? Continue reading

04May/23

War, what is it for?

LondonMay 4, 2023 /World/ — War is a complex phenomenon with many causes and consequences. It is often about killing, but it is also about much more than that. War can be about power, control, resources, ideology, or even just a misunderstanding. It can be fought between nations, groups, or even individuals. And it can have a devastating impact on all involved, both during and after the conflict.

There are many different theories about why war happens. Some people believe that it is an inevitable part of human nature, while others believe that it is caused by specific factors, such as poverty, inequality, or environmental degradation. There is no single answer that can explain all wars, but it is clear that they are often caused by a combination of factors.

The consequences of war can be just as devastating as its causes. War can lead to death, destruction, displacement, and economic hardship. It can also contribute to the spread of disease, famine, and violence. In the long term, war can undermine democracy, stability, and economic development.

Despite the risks and costs of war, it is important to remember that it is not inevitable. There are many things that can be done to prevent war, such as promoting diplomacy, resolving disputes peacefully, and addressing the root causes of conflict. We must all work together to create a world where war is no longer an option.

09Dec/22

79% of risk pros prioritize credit risk transformation in race to digitalize banking

Regulatory demands, calls for greater transparency and accessibility, plus customers jumping ship to more agile fintech counterparts – banks are feeling pressured to enact a digital revolution, according to risk professionals on the ground. A key pillar of this modernization, credit risk transformation (CRT), is the focus of a new risk technology study by the Global Association of Risk Professionals (GARP) and analytics leader SAS. Continue reading