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One War We Shouldn't Avoid: A New Approach to Reducing the Cost of Future Catastrophes
In 2005, three major hurricanes -- Katrina, Rita and Wilma -- struck the U.S. Gulf Coast area, causing not just death and destruction, but also leading to insurance payments and federal disaster relief of more than $180 billion...
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Katrina, 9/11, Global Recession: Moving Beyond Old Thinking about New Risks
The 9/11 terrorist attacks, extreme weather events and the financial collapse: These and other recent catastrophes are a wakeup call for the need to better prepare for natural and man-made disasters that have wider effects as the world grows more interconnected...
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Erwann Michel-Kerjan

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Executive Director, Risk Management and Decision Processes Center

Adj. Associate Professor, Operations and Information Management Department



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Dr. Erwann O. Michel-Kerjan is an authority on managing the risks, the financial impacts, and the public policy challenges associated with catastrophic events. He is with the Wharton School of Business (Philadelphia, USA), one of the world’s premier business schools, where he teaches Value Creation in the Wharton MBA program. He is the Executive Director of the Wharton Risk Management and Decision Processes Center, which for thirty years has been at the forefront of research and discoveries into how better manage extreme events.

Large-scale risks are reshaping the future of our increasingly interdependent world; this new era calls for a new model.  Dr. Michel-Kerjan actively works with top decision makers helping multinational corporations, governments and rulers address this new risk landscape and create sustainable value. Since 2008 he serves as chairman of the OECD Secretary-General Board on Financial Management of Catastrophes which advises the thirty-four Finance Ministers of the OECD’s member countries on these issues.

Dr. Michel-Kerjan was honored by the World Economic Forum (Davos) as a Young Global Leader, a five year nomination bestowed to recognize and acknowledge the most extraordinary leaders of the world under the age of 40. In 2011 he co-led the YGL G20 Paris initiative on Global Risks under the High Patronage of then-President Nicolas Sarkozy.

Recipient in 2011 of the prestigious Kulp-Wright award for the most influential contribution to the literature on risk management (At War with the Weather, MIT Press, with H. Kunreuther), Dr. Michel-Kerjan has authored or coauthored more than 70 publications on catastrophe risk management, given over 100 public speeches, and his views regularly appear in leading media. He has studied at Ecole Polytechnique (France), McGill (Canada) and Harvard (USA).