This series takes a fresh, sometimes challenging, look at some of the issues facing the actuarial profession and society
The ‘think’ series aims to promote debate on topics across the spectrum of actuarial work and beyond. It looks to provide a platform for members and stakeholders to share views that may differ from the IFoA’s ‘house’ view.
Through this, we hope to challenge the status quo within the profession, question orthodoxy, and shine a light on complex or under-examined issues. At its heart, the series is about stimulating discussion and dialogue to help tackle issues from a different perspective.
The eighteenth edition of our ‘think’ series has been authored by LCP’s Cat Drummond FIA C.Act, Daniel Sacks, and Charl Cronje FIA C.Act.
‘Hidden corridors’ argues that modern life depends on systems that are deeply interconnected, globally distributed and increasingly concentrated, such as food, water, energy, communications and finance.
These routes and systems are described as corridors, either physical (such as shipping lanes and pipelines) or institutional (like payment systems).
The purpose of the paper is to help organisations, policymakers and risk professionals think more clearly about how disruption spreads across interconnected systems, and how those disruptions can affect economic activity and social stability.
Read the full piece to find out more about how disruption can spread across these interconnected systems and impact key metrics such as inflation and economic growth.
Both members and non-members are invited to join the authors on Thursday 23 July at 12:00 (UK, BST, UTC+1) for an engaging Q&A session. They will take a deeper look into the piece and answer your questions live.
If you have any questions or would like to contribute to a future ‘think’ piece, please contact the IFoA Policy Team.
