Managing Risk in Nanotechnology

This book aims to address how nanotechnology risks are being addressed by scientists, particularly in the areas of human health and the environment and how these risks can be measured in financial terms for insurers and regulators. It provides a comprehensive overview of nanotechnology risk measurement and risk transfer methods, including a chapter outlining how Bayesian methods can be used. It also examines nanotechnology from a legal perspective, both current and potential future outcomes.

The global market for nanotechnology products was valued at $22.9 billion in 2013 and increased to about $26 billion in 2014. This market is expected to reach about $64.2 billion by 2019, a compound annual growth rate (CAGR) of 19.8% from 2014 to 2019. Despite the increasing value of nanotechnologies and their widespread use, there is a significant gap between the enthusiasm of scientists and nanotechnology entrepreneurs working in the nanotechnology space and theinsurance/regulatory sector. Scientists are scarcely aware that insurers/regulators have concerns about the potential for human and environmental risk and insurers/regulators are not in a position to access the potential risk. This book aims to bridge this gap by defining the current challenges in nanotechnology across disciplines and providing a number of risk management and assessment methodologies.

Featuring contributions from authors in areas such as regulation, law, ethics, management, insurance and manufacturing, this volume provides an interdisciplinary perspective that is of value to students, academics, researchers, policy makers, practitioners and society in general.

Examines how nanotechnology risks are being addressed by scientists and how these risks can be measured in financial terms Provides an overview of nanotechnology risk measurement and risk transfer Explores ways in which insurance can impact nanotechnology regulation Examines legal issues in nanotechnology, both current and future outcomes Includes supplementary material: sn.pub/extras

Klappentext

This book aims to address how nanotechnology risks are being addressed by scientists, particularly in the areas of human health and the environment and how these risks can be measured in financial terms for insurers and regulators. It provides a comprehensive overview of nanotechnology risk measurement and risk transfer methods, including a chapter outlining how Bayesian methods can be used. It also examines nanotechnology from a legal perspective, both current and potential future outcomes.

The global market for nanotechnology products was valued at $22.9 billion in 2013 and increased to about $26 billion in 2014. This market is expected to reach about $64.2 billion by 2019, a compound annual growth rate (CAGR) of 19.8% from 2014 to 2019. Despite the increasing value of nanotechnologies and their widespread use, there is a significant gap between the enthusiasm of scientists and nanotechnology entrepreneurs working in the nanotechnology space and the insurance/regulatory sector. Scientists are scarcely aware that insurers/regulators have concerns about the potential for human and environmental risk and insurers/regulators are not in a position to access the potential risk. This book aims to bridge this gap by defining the current challenges in nanotechnology across disciplines and providing a number of risk management and assessment methodologies.

Featuring contributions from authors in areas such as regulation, law, ethics, management, insurance and manufacturing, this volume provides an interdisciplinary perspective that is of value to students, academics, researchers, policy makers, practitioners and society in general.

Inhalt
Ch 1 Nanomaterials and Nanotechnology Firms: A Typology.- Ch 2 A Bayesian Regression Methodology for Correlating Noisy Hazard and Structural Alert Parameters of Nano-materials.- Ch 3 Integrating the Social Impacts into Risk Governance of Nanotechnology.- Ch 4 International Cooperation on Nanosafety between Europe and Latin America.- Ch 5 The Inclusion of Data on Nanomaterials Transformations and Environmental Interactions into Existing Regulatory Frameworks.- Ch 6 INSCX exchange: the HUB approach to self-regulation in support of Risk Governance, Assurance and Transfer.- Ch 7 Applying "Safety by Molecular Design" Concepts to Nanomaterials Risk Management.- Ch 8 Is it too early to call for a moratorium on nanotechnology?.- Ch 9 "Nanotort" Liability at Common Law.