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A.M. BestTV: The Week Ahead; Pandemic Risks Remain LethalOLDWICK, N.J. --(Business Wire)-- In this episode of A.M. BestTV executives discuss how past pandemics would impact the insurance industry today, and why it remains a top concern for insurers among extreme risks. Alessandro Santoni, a director at Towers Watson, said a recent company survey of global insurance industry executives ranked global pandemic as the most important extreme risk to worry about in the long term. Three pandemics struck in the 20th century, in 1918, 1957 and 1968. The 1918 pandemic killed an estimated 50 million people worldwide. Life insurers say they're prepared to handle pandemic risk through reinsurance, and Steven Weisbart, chief economist at the Insurance Information Institute, said insurers could also tap the capital markets. "The capital markets are highly mathematically oriented, they are used to modeling of this kind, so yes, this is very much the kind of thing that might result in several cat bond-type vehicles," Weisbart said. Click on http://www.ambest.com/v.asp?v=pandemic314 to view the program. People who appear in this episode include:
A.M. BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M. BestTV episodes at www.ambest.tv. Recent episodes of A.M. BestTV include:
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