Specialist insurance market

The video discusses the role of actuaries in calculating the odds of various global events, such as wars and invasions. It highlights the predictions made by Lloyd's regarding potential conflicts between nations like Italy and Abyssinia, Japan and Russia, and the likelihood of the US being drawn into a conflict. The video concludes with the odds against an invasion of the United States by any power.

What is the primary role of actuaries as mentioned in the video?

• To predict weather patterns

• To manage financial investments

• To calculate the likelihood of global events

• To design insurance policies

According to Lloyd's, what are the odds of a war between Japan and Russia?

• 100 to 1

• 50 to 1

• 20 to 1

• 10 to 1

What are the odds of the United States being drawn into a conflict, as per Lloyd's?

• 100 to 1

• 50 to 1

• 10 to 1

• 200 to 1

Which two nations does Lloyd's believe are inevitably heading towards war?

• Italy and Abyssinia

• Japan and China

• Germany and France

• Russia and Ukraine

What does Lloyd's predict about the likelihood of an invasion of the United States?

• 200 to 1

• 100 to 1

• 300 to 1

• 500 to 1