A listing of research examples that have benefited the financial and consulting industries.
The insurance industry hinges upon who has the best estimates of risk – with pricing of policies optimised against the probability and magnitude of claims. While in the past, these estimates of risk have been based upon past claims by policyholders, new models from the natural sciences, including hydro-meteorological hazards, have transformed the property insurance market. In other financial sectors, eg fund managers, there has been a major drive to better understand and quantify water related risks to investments.
The Manchester Ship Canal (MSC) opened in 1894 and was one of the busiest waterways in Europe. It was polluted by industrial discharges, sewage overflows, and surface water runoff, including from the River Irwell which forms the headwaters of the MSC. Salmon disappeared from the River Irwell in the 1850s and rowing races were abandoned in the 1970s.
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