emerging risks at swiss re page 2 overview introduction to nature of common denominator nanotechnology tse vcjd avian influenza epa ra meeting dr annabelle r hett san francisco may 2006 3 are developing or already known that difficult quantify and lead claims with a high loss potential novelty change uncertainty insurance relevance cumulative long tail multi line frequency severity impossible assess headline articles increasing public awareness 4 key avoid surprises in rapidly changing environment 5 early indicators time signs strong weak room for action anticipation opportunities identification reaction the earlier identified greater operating field influentiality 6 changes risk landscape