Actuaries are the world’s oldest data scientists

In the US, there are 50 regulatory regimes with oversight, math nerds trying to avoid adverse selection, and bonuses tied to effectively maintaining mandated loss ratios.

When math calculations & simulations demonstrate potential losses — due to severity and duration of events — outweighing the possible commercial gains, the result is a non-viable insurance business.

The insurance business underwrote the Age of Discovery, including the expansion of commerce and industry.

The United States west of the 100° meridian has been facing a generational drought.

The state of Florida is built on a literal drained swamp.

Commercial insurance backstops industrial growth and expansion.

The data scientists in the defense contractor industry have the models.

If Mad Max: Fury Road (US West) and Waterworld (Gulf Coast) are potential — and dystopian — futures, how do business and actuarial models need to update to reflect changing threat vectors?

Also, why isn’t this a national security issue?