Fancy calculating the risk of a Hollywood blockbuster?
Those considering risk might be interested to hear of the 'glamorous side' to insurance, as The Economist revealed how experts calculate the risk involved with the visual arts.
It's not an easy job, as there are many factors to take into account. Typically, for a television show, an insurer would examine the actors' health and medical history, the shoot location, the director's temperament and the sorts of stunts involved.
Insurers work with television and film producers on safety aspects in an effort to reduce risks. Occasionally, they have been known to request script rewrites where a stunt is too dangerous.
It's very subjective, as Joe Addison of Aon told The Economist: "The knowledge we can provide is more grey than black and white."
This could be because some actors and actresses choose to avoid the stunt double, instead taking on the risk themselves.
A spokesman for the insurance company said: "Whenever an actor chooses to do their own stunts, it increases the film's risk. Delays can cost a production millions of dollars if a cast member becomes injured and is unable to work."
To demonstrate, Hollywood action thriller, 'Salt' - which starred Angelina Jolie - has been named the "riskiest" film, in an annual survey by a US insurance company.
Jolie did many of the stunts herself, hence the title. These included fights with weapons, tiptoeing on a narrow building ledge which was several floors high, and leaping from a bridge onto a speeding truck, said Bloomberg.
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