Lloyd’s City Risk Index 2018 Launch


Lloyd’s of London
1 Lime Street

This event is invitation only. 

The Cambridge Centre for Risk Studies is delighted to present the launch of the 2018 update of the Global Risk Index, in collaboration with Lloyd’s of London and launched as the Lloyd’s City Risk Index 2018. The Index provides groundbreaking analytics of the potential impact on the economic output (GDP@Risk) of over 200 of the world’s major cities from various man-made and natural threats.

One of the most prominent features of the 2018 update is the worldwide rise in the threat of interstate conflict. The enhanced likelihood of interstate and civil conflict is a key factor in the rise in geopolitical instability on a global level with an increase for all of the cities profiled in the Index and further heightened vulnerability for certain cities.

The Global Risk Index allows users to understand the economic implications of a variety of risks, and use the GDP@Risk metric to enhance their preparedness and resilience. In this way, governments and firms will be better equipped to deal with risks in the future, some of which they may not have previously encountered.

Wednesday 6 June 2018

Introduction Inga Beale DBE, CEO, Lloyd’s
Lloyd’s City Risk Index explained Trevor Maynard, Head of Innovation, Lloyd’s
Methodology behind the numbers Dr Andrew Coburn, Director of Advisory Board, Cambridge Centre for Risk Studies
Panel discussion with Q&A Chaired by: Trevor Maynard, Head of Innovation, Lloyd’s

  • Tina Kirby, Head of Innovation and Product Development, Beazley Group
  • Elizabeth Mercer, Chief Strategy Officer, 100 Resilient Cities
  • Professor Daniel Ralph, Academic Director, Cambridge Centre for Risk Studies
  • Jo da Silva, Director of International Development, Arup
Closing remarks Inga Beale DBE, CEO, Lloyd’s

Inga Beale DBE

Chief Executive Officer, Lloyd’s

Read more about Inga

Inga Beale was appointed Chief Executive Officer in January 2014. Previously she was Group Chief Executive of Canopius with its principal operations at Lloyd’s. Prior to that she spent four years with Zurich Insurance Group, including a period as Global Chief Underwriting Officer. She was Group CEO of Swiss reinsurer Converium Ltd and while there, she led a major turnaround of the business before it was acquired by SCOR in 2007. She started her career as a reinsurance underwriter with Prudential before spending 14 years in a variety of international roles for GE Insurance Solutions. She is a Member of the UK Government’s Financial Services Trade and Investment Board, the UK Department for Education’s Business Advisory Group, the London Mayor’s Business Advisory Board, the Geneva Association Board, and is President of the UK Chartered Insurance Institute. Inga is also a member of the UK Government’s Public Service Leadership Taskforce.

Andrew Coburn

Director of Advisory Board, Cambridge Centre for Risk Studies

Read more about Andrew

Andrew is a Founder and Director of the Centre for Risk Studies’ External Advisory Board, and Senior Vice President at Risk Management Solutions, the leading provider of catastrophe risk models to the insurance industry. He is also a Fellow of Cambridge Judge Business School.

Visit Dr Andrew Coburn’s profile

Trevor Maynard

Head of Innovation, Lloyd’s

Read more about Trevor

Trevor Maynard was appointed Head of Exposure Management and Reinsurance at Lloyd’s in 2011. Prior to this, he was Manager of Emerging Risks and an Actuary at Lloyd’s. He was educated at the University of Warwick and received a doctorate in Statistics from the London School of Economics.

Daniel Ralph

Academic Director, Cambridge Centre for Risk Studies and Professor of Operations Research, Cambridge Judge Business School

Read more about Daniel

Professor Daniel Ralph is a Founder and Academic Director of the Centre for Risk Studies, Professor of Operations Research at the University of Cambridge Judge Business School, and a Fellow of Churchill College. Daniel’s research interests include identification and management of systemic risk, risk aversion in investment, economic equilibria models and optimisation methods. Management stress test, via selection and construction of catastrophe scenarios, is one focus of his work in the Cambridge Centre for Risk Studies. Another is the role and expression of risk management within organisations. Daniel engages across scientific and social science academia, a variety of commercial and industrial sectors, and government policy making. He was Editor-in-Chief of Mathematical Programming (Series B) from 2007-2013.

Visit Professor Daniel Ralph’s profile. 

Lloyd's of London logo

The Centre’s research has been highlighted in three top tier news outlets: Forbes, Reuters and Sunday Telegraph. The Reuters version was syndicated and picked up by 22 different outlets including The New York Times. The research was mentioned on three live broadcasts: CNBC, CNN and CNBS Europe. Finally, it was picked up by several regional and local outlets as well. Below is a sampling of the media coverage relating to this research and to the 6 June 2018 launch event.

Media coverage

Impact of cyber attacks continues to increase across the world: Global Risk Index 2019

The potential impact of cyber attacks on the economy of the world’s largest cities has risen by nearly nine per cent in …

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The Telegraph: Man-made disasters are now a much greater threat than natural ones

Man-made risks, such as market crash and cyber-attacks, now account for 60 per cent of the total economic output at risk in …

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Reinsurance News: Global economic output at risk from man-made events

Man-made risks, such as market crash and cyber-attacks, now account for 60 per cent of the total economic output at risk in …

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CNBC: Cybercrime the fastest developing risk globally

Lloyd’s Chairman Bruce Carnegie-Brown discusses the findings of Global City Risk Index, produced in collaboration with the Centre for Risk Studies at …

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Asia Insurance Post: Report: Threats from conflict and terrorism account for more than half of Indian cities’ risks

The potential impact of geopolitical and security shocks on the economy of the world’s largest cities has risen by 16 per cent …

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Forbes: Coming soon to a city near you – $320 billion in economic losses

Man-made risks, such as market crash and cyber-attacks, now account for 60 per cent of the total economic output at risk in …

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Reuters: Tokyo is world city facing greatest risks

According to the latest Lloyd’s City Risk Index, Tokyo is facing most risks globally to its annual economic output, due to its …

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