There are no medals given out to brokers, underwriters and risk management experts charged with assuring a safe, secure–and insured–Olympics, even though all three insurance functions must be winners to help the world's biggest sporting event make it to the finish line in one piece.
With the winter Olympics in Torino, Italy just recently completed, attention is turning to the 2008 summer games, to be held in Beijing, China. To call the Olympics a massive undertaking for anyone involved in risk management and insurance is an understatement.
The number of participants alone presents an exposure of staggering magnitude. According to the official Web site for the Torino event, more than 2,500 athletes attended the games, accompanied by over 2,700 trainers and escorts from 80 countries. The games involved some 2,500 paid staff, 18,000 volunteers and thousands of media representatives.
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