(By Christoph Meili) Massive spreading of nanomaterials could affect insurance industry. Nanomaterials are commonly used in many industrial and consumer products. Besides beneficial properties certain nanomaterials could also pose substantial risks to human health and the environment. Nanomaterials are implicitly covered in insurance policies. Liability insurance companies should therefore check their portfolios and investigate whether and which kind of nano-related risks are covered in their policies. At the same time new scientific data on potential risks of specific nanomaterials and regulatory developments have to be followed continuously. Unexpected losses in liability lines of business could be avoided, if appropriate underwriting options are developed timely.

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