Risk sharing is a crucial topic in contemporary society due to various factors, including the increasing complexity and interconnectedness of global systems, the emergence of new risks (such as longevity risk, cyber threats and climate change), and the need for sustainable risk management strategies in a rapidly changing world.
Effective risk sharing mechanisms contribute to financial stability by spreading risks across different parties and promoting resilience in the face of unexpected events. Risk sharing mechanisms can also promote social equity by ensuring that the burden of risks is distributed fairly among individuals and institutions, rather than disproportionately affecting certain groups or communities. By facilitating risk sharing, actuarial science encourages innovation and economic growth by providing businesses and individuals with the confidence to invest and take risks, knowing that there are mechanisms in place to mitigate potential losses.
Extrait. Lire l'appel complet sur le site de l'éditeur.