8. Anthropic Perils and Man-Made Risks

A hall-mark of the twenty-first century is global technological advancement. The welcome positive rewards of modernization are however associated with some negative outcomes: risks of industrial failures and disasters, as well as major transportation accidents on land, sea, air and in space. The fifth societal dimension is cyberspace, which is an expanding domain of human endeavour, inevitably accompanied by cyber crime. Economic losses from these man-made risks can be transferred through some type of insurance facility. The intersection of politics and violence is terrorism, which is another universal anthropic peril that is amenable to modern financial risk management. A general review of anthropic perils and man-made risks is presented.