Willis chair: risk models can help alleviate poverty
The scientific models used by the insurance industry to assess the financial risks of extreme weather events could help governments and aid agencies develop new approaches for sustainable development and poverty alleviation, according to Rowan Douglas, chairman of the Willis Research Network.
Addressing delegates at the World Bank's inaugural Understanding Risk conference, in Washington, Mr Douglas said that the methods employed by insurers to model extreme risks could be the key to
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