After Hurricane Andrew the U.S. Congress entertained proposals to allow insurers to employtax-deferred loss reserves. Interest was strong at first, but as the events receded interestwaned. After the most recent hurricane seasons, interest in the proposals has rejuvenated. Weexamine the use of...

Equivalence under Solvency II for Bermuda companies is beneficial for European insurers and policy holders. Bermuda is committed to achieving regulatory equivalence..

Catastrophes of all times, Man-made catastrophes; naturla catstrophes; Different forms of government intervention in compensation; law and economics literature is crittical: implicit subsidy...

Insurance has to assess and manage emerging risks. Undertsanding emerging risks includes understanding the social construction of risk: for example, the ermgence of a disease or illness as a social process, not only as an epidemiological phenomenon. The social construction of risk - as Tom Baker...

Sustainability ; Climate Change ; What can the (re)insurance industry do? ; CC is also a societal choice...

Like its peers SCOR is not a heavy contributor to climate change as its activity doesn't pollute that much, Still it is difficult to disseminate an environmental culture within a company if no concrete actions are taken. That is partly why SCOR's main locations have already launched various...

Swiss Re defines Operational Risk in line with Basel II banking regulations as the "Expected and unexpected economic impact of inadequate or failed internal processes, people, and systems or from external events...

Objective: promote and expand trade in reinsurance services, not only for the sake of trade but also for stability reasons. Recognition may be a powerful means of facilitating access to foreign markets...

We investigate the suitability of securitization as an alternative to reinsurance forthe purpose of transferring natural catastrophe risk. We characterize the conditionsunder which one or the other form of risk transfer dominates using a setting in whichreinsurers and traders in financial...

Risk transfer between primary insurance and reinsurance companies today takes place against a backdrop of major changes in international insurance and financial markets. One of these changes is the trend for the two markets to converge. This trend manifests itself in a growing number of product...