Release Overview
- Completely redesigned CoMeta homepage highlighting emerging risks at all phases of the emerging risk lifecycle
- Categorization of every Litagion agent by emerging risk status: emerging interest, emerging damage, and emerging litigation
Homepage Redesign
We've completely redesigned CoMeta's homepage to better highlight CoMeta's rich and dynamic emerging risk content. The homepage redesign represents the first of several CoMeta feature enhancements expected in 2021 aimed at making emerging risk actionable by categorizing risks according to their place in the emerging risk lifecycle, using those categorizations to develop peril-specific underwriting strategies, and then cascading those strategies to account underwriters via company risk scores and portfolio underwriting.
Biggest GC movers
At the top of the homepage is a "GC ticker" that shows Litagion agents with significant changes in general causation risk scores. The ticker shows the current GC risk score corresponding to the Litagion agent-harm hypothesis with the greatest change in GC risk since 2018 along with its change (up-red or down-green). Hovering over the ticker will pause the ticker as will clicking the pause button to its left. Clicking on a Litagion agent will navigate you to the GC risk score plot for that Litagion agent.
What's new / more insights
The what's new column on the right-hand side of the page features newly published emerging risk insights and themes and highlights newly released CoMeta features. Users can also see recently published emerging risk insights in the "more insights" section at the bottom of the homepage
Emerging risk
The emerging risk section of the homepage highlights content related to the three stages of emerging risk: emerging interest, emerging damage, and emerging litigation.
Emerging interest
Emerging interest is the earliest stage of emerging risk when scientists are first beginning to investigate the possibility that a commercial activity is harmful to human health or property. In this section of the homepage, we surface a sample of recently published scientific articles investigating these risks. Clicking on the article title will navigate you to the GC plot for the corresponding Litagion agent.
Emerging damage
Risks enter the emerging damage stage when science has accumulated to the point that there is at least a 1% chance future litigation centered on the risk will commence during our forecast window. In this section of the homepage, we list a selection of emerging damage agents along with an estimate of the economy-wide losses those agents generate in the most extreme portions of the simulated event set of our liability catastrophe model. The statistic shown is the tail value at risk (TVaR) measure, which is the average loss in the top 5% of loss simulations. Clicking on a Litagion agent will navigate you to the corresponding Litagion agent profile page.
Emerging litigation
Risks in the emerging litigation phase have a 50% or higher probability of generating mass litigation during our forecast window. In practice, most emerging litigation risks are the subject of active litigation. In this section of the homepage, we highlight realistic liability scenarios centered on emerging litigation agents and examples of recently filed lawsuits. Clicking on a scenario title will navigate you to more detailed information about the scenario and clicking on a lawsuit will navigate you to CoMeta's emerging litigation feature.
Emerging Risk Status
You can now filter the Litagion agent list view by emerging risk status. As of this release, there are 81 emerging interest agents, 129 emerging damage agents, and 49 emerging litigation agents. Emerging risk status is updated with each CoMeta release.
