
The recent catastrophe at the port of Tianjin in China resulted in the loss of at least 100 lives and many more people are still missing. It is far too early to speculate on the cause but the explosions left extensive physical damage as well as the appalling loss of life.
Accumulation risks – when a single event causes an exceptionally large group of related losses – such as this, are continuing to grow.
IUMI President, Dieter Berg says: “This extremely sad and regrettable incident demonstrates the persistent growth of accumulation of Continue reading “Tianjin explosion highlights growth of accumulation risks”