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03 Jun 13 09:17

Mega events are growing in number and complexity. Be it the Olympics, football, cricket or rugby world cups, cycle races, marathons, concerts, celebrations – big events are a growing phenomenon. As are the risks faced by such events. Cancellations or interruptions can costs millions, especially with events being broadcast around the world. A combination of good risk management techniques and insurance can help minimise such risks.

New Risk Dialogue Magazine examines the growth in mega events, the risk those events carry, and how those risks can be managed.

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Daniel Martin Eckhart - 4 Jun 2013, 8:10 a.m.

Maybe bigger and bigger will come to an end - longer-term, I could see the issue of overall consumption as a major factor. If the Rolling Stones tour the world and millions from everywhere across the planet visit them for several hundred dollars a ticket ... add to the ticket costs the travel costs, the entourage, the tour trucks, etc. etc. At some point in the non-too-distant future, there may be consumption laws to offset environmental tolls - and maybe consumption costs alone will rise to a point where mega-events simply cannot be produced anymore. Interesting times ahead - maybe the future will see more smaller events that'll then be networked across the world.

Jennifer Rodney - 4 Jun 2013, 8:20 a.m.

You may very well be right Daniel and I hope you are but I do wonder what it will take to change the motivating force of short term profit over all. I don't disagree with your thinking but it seems to me like a major cultural/values shift would have to take place for this change to be possible. Who will put consumption laws into effect when governments are beholden to corporations who are primarily profit driven? When one's priority is to produce ever increasing profits on a quarterly basis, where is there space for long term thinking?

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