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 are actuaries continually calculating?

• Chances of war

• Chances of peace

• Chances of natural disasters

• Chances of economic growth

What is the significance of the odds 500 to 1 mentioned in the text?

• Invasion of the US

• War between Japan and Russia

• Conflict in Europe

• Natural disasters