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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...
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Equivalence under Solvency II for Bermuda companies is beneficial for European insurers and policy holders. Bermuda is committed to achieving regulatory equivalence..
Persistent link: https://www.econbiz.de/10005871235
Catastrophes of all times, Man-made catastrophes; naturla catstrophes; Different forms of government intervention in compensation; law and economics literature is crittical: implicit subsidy...
Persistent link: https://www.econbiz.de/10005871247
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...
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Sustainability ; Climate Change ; What can the (re)insurance industry do? ; CC is also a societal choice...
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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...
Persistent link: https://www.econbiz.de/10008636583
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...
Persistent link: https://www.econbiz.de/10008636585
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...
Persistent link: https://www.econbiz.de/10008636589