Resilience, sustainability and insurance

At R&R Conference we heard the representative of a major mutual insurance company talking about Resilience, sustainability and insurance. Resilience, sustainability and insurance Resilience was defined as the ability to recover after an accident, the ability to withstand disruption and rebound quickly. The talk also discussed sustainability as it was defined by the UN in 1987. The UN Brundtland Commission was officially dissolved in December 1987 after releasing Our Common Future. The text, also known as the Brundtland Report, coined…

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Resilience cannot be based on instinctual decision-making

Resilience cannot be based on instinctual decision-making, but be based on forward looking risk assessments to avoid squandering private and public money in useless Capex. Do we need resilience enhancements? The Canadian government pledged a budget of 40M$ over five years to integrate climate resilience into building design, guides and codes. It’s certainly a wise move as codes are customarily based on statistics, business like usual, and experience. None of those approaches is robust enough to cope with climate changes…

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More about resilience

Did we learn more about resilience at the Conference on Risk and Resilience? Over forty papers and keynote lectures covered many aspects of hazards, risks, but only a few taught about resilience. By the way, one of the key lecturer asked the audience if there were any CEOs or CxOs from any mining company in the room, and the question was answered by a long silence. Nobody…it’s remarkable, isn’t it? It seems that even in the aftermath of the two…

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More automation will reduce the number of workers needed in the mining industry

We recently read an article stating that more automation will reduce the number of workers needed in the mining industry, like in many other industries. The advent of self-driving vehicles (Elon Musk’s Tesla, Google self-driving cars and Mercedes Benz self-driving trucks) is calling for a societal paradigm shift comparable to last century’s industrial revolution. More automation will reduce the number of workers needed in the mining industry The advent, for example, of Komatsu’s Autonomous Haulage System (AHS) which allows unmanned…

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Resilience, the old way

Resilience, the old way was often the result of “simple over-design”, especially when invasions provided very cheap labour, as slaves and, in modern times, war or political prisoners of some kind. Souvenirs about Resilience, the old way I remember my first job as a civil engineer, in North Africa, at the end of the seventies. The mission was to check over 200km of single track railroad for foundation stability and bridges integrity. Someone high-up in the ranks had signed-off a…

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