Research work exclusively carried out by MSSI researchers on the insurability of working with nanomaterials will feature in the leading scientific journal Nature Nanotechnology. The research addresses a general lack of knowledge on the potential health and environmental impact of nanomaterials and its impact in terms of insurability. The publication of this research paper in such a prestigious Academic Journal highlights the success of a pioneering interdisciplinary collaboration between the social scientists in the Kemmy Business School (KBS) and the natural scientists in the Materials and Surface Science Institute (MSSI) at the University of Limerick.
Lead Author of the research paper and Head of UL's Accounting and Finance Department, Dr Martin Mullins observes that "the lack of knowledge about the risks associated with producing nanomaterials is particularly problematic for insurance companies. There is increasing interest in this type of work as it speaks to the very sustainability of the multi-billion Euro nanotech sector."
Dr Mullins adds "although the insurability question is often at the margins of scientific research in this field, there is now a growing acceptance that this industry can only be sustainable in the long term with proper backing from the insurance community".
Dr Philip O'Regan, Dean, Kemmy Business School declared "the vision for research within the KBS is to inform and shape thinking and to meet challenges in work, business and society. This paper represents the highest ranking research paper in KBS history and is evidence of the continued work representative of this vision." The team, Martin Mullins, Finbarr Murphy (currently on sabbatical at U. Texas at Austin), Lijana Baublyte, Eamonn McAlea-all from KBS and Syed Tofail from MSSI and P&E, work closely with both scientists in the field and insurance professionals based in the Lloyds Insurance market.
This research has received funding from the European Union's Seventh Framework Programme (FP7/2007-2013) under grant agreement nº 280716 (Sanowork) and is undertaken at the Department of Accounting and Finance and the Materials and Surface Science Institute at the University of Limerick.
Full article can be found here >>>