I haven't mentioned it anywhere on this blog but i'm currently working as a Catastrophic Risk Modeling Analyst in one of the many reinsurance companies around the world, I wont go into detail of my work profile or something but while I was working on my Cedants from last two weeks, one of my colleagues was working on some other which was "Abbreviated" as Worker's Compensation"... what it means is we make a valuation of human life. Sounds disgusting but thats the way it goes, we have always been taught that Human life is precious and there is no monetary value for; it but in this era of globalization even human life is meant for business. Softwares are there which calculate the losses that would occur in terms of human lives which are then multiplied by the value of each human life and the resulting number is meant for business.
I felt bad/awakward/weird knowing how can the valuation of life be made so simple, in just 1000's of dollars. Won't it be a better idea to spend 1000's of dollars in ensuring safety rather then making sure that a person gets a "compensation" after he/she is no more existing in the real world.
P.S : kindly have some patience,my blog would have more frequent posts in a couple of days from now !!