We have spent a lot of time discussing the risk of nanotech over the past few years, and a lot of that time has been totally wasted by discussing the science fantasy of diamondoid nanononsense rather than the kind of materials that industry is currently producing and incorporating in products.
It is therefore refreshing to see a growing trend among the insurance and risk management industry to get to grips with the issues. This article in Risk & Insurance is typical, with Annabelle Hett, Deputy of Risk Engineering Services for Swiss Re succinctly explaining why the insurance industry needs to be involved.
“In order for us to participate, we need to do our fair share to enable the introduction of the technology and this is why we want to address these issues early in time because if you can identify them, you can address them, you can manage them, and you can eliminate them eventually.”