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...

Implementing adaption measures are required to reduce society's vulnerability to climate risk and maintain the risk at manageable levels. These measures will help ensure the long-term availability and affordability of insurance...

First, we must insist that the "Best Science" is informing our understanding of the future risks, and how these risks are apportioned across different geographies and amongst different stakeholders. We need for this science to be both objective and robust as there are significant uncertainties...

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...

Rückversicherung kann als Überwälzung von versicherungstechnischem Risiko vom Erstaufden Rückversicherer definiert werden, kurz gesagt: ”Rückversicherung ist Versicherungvon Versicherungen“. Einen entscheidenden Aspekt bei der Ausgestaltung von Rückversicherungsverträgenstellt die...

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...

The use of catastrophe bonds (cat bonds) implies the problem of the so called basis risk, resulting from the fact that, in contrast to traditional reinsurance, this kind of coverage cannot be a perfect hedge for the primary’s insured portfolio. On the other hand cat bonds offer some very...

Suppose are independent subexponential random variables with partial sums. We show that if the pairwise sums of the ’s are subexponential, then is subexponential and . The result is applied to give conditions under which as , where are constants such that is a.s. convergent. Asymptotic tail...