Posts Tagged ‘Sports’

March 8th, 2010

Risk Management Lessons from the Olympics: Guy Carpenter’s Chief Actuary Offers Some Observations

Posted at 10:00 AM ET

mango_smallDon Mango, Chief Actuary

We were all thrilled with the spectacle of the just-completed 2010 Olympic Winter Games from Vancouver. Winter sports are known for their inherent high levels of riskiness, so it should not be too surprising that some valuable lessons related to “personal risk management behavior” can be drawn from the way the athletes make decisions and how the competitions are conducted and judged. As risk professionals, when we watch the action on the snowy mountains and icy rinks, we can get another view on the choices made in the taking of risk or in mitigating risk. Here are just a few lessons that offer additional insights:

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