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Insurers underestimate nano risks
Created by assoceditor on 06/02/2012 15:33:50

Reinsurance company Gen Re has recently published an analysis and evaluation of the potential implications for the insurance of nanomaterials.



Reinsurance company Gen Re has recently published an analysis and evaluation of the potential implications for the insurance of nanomaterials. The study concludes that the emergence of nanotechnology might entail one of the most important and most neglected risks for the insurance industry. It is advised that insurers cope with that topic and take adequate measures.

The article provides an overview of the different hazards and expositions of nanomaterials with an emphasis on occupational health. In particular, the danger of carbon nanotubes (CNTs) is focused upon and - among insurances - compared to the danger of asbestos. An international survey among nanotechnology enterprises unveils serious shortcomings when it comes to nano-specific precaution measures. 

Due to a lack in data about nanomaterials, particularly in the work environment, insurances are sceptical towards further development. In the USA, the interpretation of jurisdiction could lead to remote damages caused by the exposition to nanoparticles at the workplace, the article says.  Insurances are advised to adjust their policies with regard to possible nanomaterial danger and ask producer of nanomaterials for relevant information. 

The complete publication can be downloaded here [pdf, 375 KB]. 

Source: The Innovation Society

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