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".

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.

Author: Urs Baertschi, Chief Executive Officer Reinsurance EMEA / Regional President EMEA, Swiss Re

Author: Klime Poposki, University St. Kliment Ohridski, Insurance department, Ohrid, Macedonia

Author: Fernando Villar

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.

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.