Blog: Covid-19 is no Black Swan
Rather than focusing on hindsight and a fatalistic approach to risk, pursuing a more forward-looking, proactive strategy will improve resilience when, not if, the next crisis strikes, writes Hélène Galy, director of the Willis Research Network.
Many commentators have labelled Covid-19 a ‘Black swan’ event. Statistician and scholar Nassim Taleb popularised the expression, defining the event as impossible to predict; having a major effect; and
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