This Geneva Association “insurance reader on the credit crisis” has been put togetheras a reaction to the widespread demand for reliable information on and an intellectualappreciation of the insurance sector’s involvement in the credit crisis. Since the end of2007, The Geneva Association...

At the General Assembly of the Geneva Association held 28-31 May 2008 in Hamilton, Bermuda, the CEOs of the world's leading insurance and reinsurance companies decided to launch a new research project on climate change and its economic impact on insurance (CC+I). This initiative reflects one of...

Insurers and banks are both suppliers of financial services and constitute together thebulk of the financial services industry. As such, they share certain common traits and,consequently, are often analyzed together. At the same time, they differ markedly in certainrespects, insurance and...

Great complexity for converting knowledge of climate change effects into future loss estimates; A substantial part of climate change exposure depends on the (future!) development of the legal systems around the world; Insurance industry seen as "deep pocket" by some parties in the hunt for...

The temptation for more protectionism has to be resisted. National reactions that try to hinder international capital flows or prevent foreign activities from being carried out in an efficient and fair manner weill reduce the benefits that the international economic cooperation has brought to...

At the time of writing this article, the credit crisis that has had its origins in the subprime markets in the US is more than a year old and has spread to other countries and other asset classes as well as the wider economy with a vengeance. Already last year, when some banks and financial...

There are no indications whatsoever that insurers have contributed to the systemic issues that many banks are facing today. Insurers have not originated and repackaged subprime mortgages. They did not act as major investors in mortgage-based financial instruments...

This new report from the Geneva Association looks at the relationship between insurance wind-downs and systemic risk, concluding that frameworks for dealing with such risks in banking "would be a poor guide" to necessary changes in insurance. The report argues that all necessary recovery and...