News - Contributors
What's in store for L&H insurers and reinsurers in 2025?
Diligent, data-driven forecasting helps us set expectations, guide decision-making, identify risks and opportunities – and provides a compass to recalibrate, should things develop differently than anticipated. There's always that tension between the actual versus the expected.
16 January 2025Women mean business: by 2029, a more gender-inclusive world could generate an additional USD 2.1 trillion of insurance spend
Women entrepreneurs, like all business owners, face risks ranging from climate and natural catastrophe risk to property damage, liability and cyber security, supply chain risk and business disruptions. Insurance plays a key role in providing protection for their employees, their property and their income. As women's role in society is rapidly evolving, they have emerged to be, as specific segment, a business opportunity for insurers.
20 January 2022Pricing in general insurance: a new perspective
By Octavian COSENCO, Member of the ARA Board
"Tesla Invites Actuaries to Help It Create a "Revolutionary" Insurance Company" (https://www.insurancejournal.com, July 24, 2020). The title of the article is edifying: Tesla, one of the largest, if not the largest, car companies in the world - in any case one of the most well-known and revolutionary companies - is in the search for actuaries with specific qualities (quoted from the article: "good at math "," [with] high energy "," wanting to change things ") for implementing of a idea which they regard as "revolutionary".
"Tesla Invites Actuaries to Help It Create a "Revolutionary" Insurance Company" (https://www.insurancejournal.com, July 24, 2020). The title of the article is edifying: Tesla, one of the largest, if not the largest, car companies in the world - in any case one of the most well-known and revolutionary companies - is in the search for actuaries with specific qualities (quoted from the article: "good at math "," [with] high energy "," wanting to change things ") for implementing of a idea which they regard as "revolutionary".
14 January 2021A Catastrophe Insurance System for the European Union
An integrated risk management plan for catastrophe risks in the EU, consisting of three layers is the proposition launched by Milton NEKTARIOS, Associate Professor of Insurance, Department of Statistics and Insurance, University of Piraeus, Greece in his paper titled A Catastrophe Insurance System for the European Union.
16 July 2020Weathering the storm - crisis lessons for climate resilience
Author: Urs Baertschi, Chief Executive Officer Reinsurance EMEA / Regional President EMEA, Swiss Re
8 July 2020Insurance against earthquake risks — recent developments and future challenges
Author: Klime Poposki, University St. Kliment Ohridski, Insurance department, Ohrid, Macedonia
28 May 2020Innovation in times of recession - a hurdle or a way out?
Author: Fernando Villar
14 May 2020Protecting businesses for the pandemic risk needs a government-backed cooperative solution
With hundreds of thousands of small and middle-sized businesses closed because of the anti-pandemic measures imposed by governments all over the world, business losses are spiraling, threatening to kneel a huge number of entrepreneurs. In search of survival solutions, many of these SMEs have turned to their business interruption insurance for relief. Yet, the typical policy excludes losses stemming from pandemics.
30 April 2020Risk Management during the Pandemic
Under the extraordinary effects of COVID - 19, all players in the economic structure are preparing for their most efficient detective actions. As an initial reaction from the banking sector, ECB asked from the European banks about checking their business continuity plans and making quick amendments according to their gaps. A similar reaction to the insurance sector could be performed soon by EIOPA as well.
9 April 2020
