Compendium of Publications - The Geneva Association

The Geneva Association
Newsletters
Seven newsletters on the main research activities, as well as on World Fire Statistics, are published
throughout the year. They are published biannually, except for Insurance and Finance and the World
Fire Statistics. They are disseminated in hard copy and in the form of e-newsletters, a new feature
implemented in February 2009.
Insurance Economics
Information for Risk and Insurance Economics
Print run: 2,900 copies
Editor: Christophe Courbage, Research Director, Insurance Economics
This newsletter for risk and insurance economists serves as an
information and liaison bulletin to promote contacts between economists
at universities and in insurance and financial services companies with
an interest in risk and insurance economics.
PROGRES
Programme on Regulation, Supervision and Legal
Issues
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No. 65, January 2012
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Editorial
The Geneva Association Website:
Information Hub in Risk and
Insurance Economics
Christophe Courbage highlights the
functionality of The Geneva
Association website for researchers.
Invited Article
A Historical View of the Term
“Moral Hazard”
David Rowell and Luke B. Conelly
addresse the origin and the meanings
of the concept of moral hazard.
News from EGRIE
Letter from the EGRIE President
Call for Papers: 39 th 1
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6
EGRIE Seminar
SCOR-EGRIE Awards and Winners
Geneva Association Prizes and 9
Research Grants
Call for Submissions: Ernst-Meyer
Prize 2011
Call for Papers: The Geneva
Association/IIS Research Awards
Partnership ...
Ernst-Meyer Prize Winner 2010 10
Activities Supported by
12
The Geneva Association
Other Seminars and
15
Calls for Papers
Recent Publications Related to 18
Insurance Economics
Geneva Association Publications 19
Financing Long-Term Care in Europe
The Essential Role of Insurance
Services for Trade Growth and
Development
Forthcoming Geneva Association 24
Conferences
Print run: 3,300 copies
Editor: Jan Monkiewicz, Research Director, Progres;
Deputy Editor: Sebastian von Dahlen, Principal Administrator at the IAIS Secretariat
Editorial
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The Geneva Association Website:
Information Hub in Risk and
Insurance Economics
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by Christophe Courbage +
In this modern era of information technology, ideas and research flow
easily among individuals, organisations, companies, and countries,
spurring further interest in easy-to-find and qualitative available
information on all sorts of subjects on the World Wide Web. Insurance
economics, risk management and related fields are not spared from
this constant drive to new and expert knowledge. With this in mind,
The Geneva Association decided a few years back to improve the
functionality of its website, by making a certain amount of information,
publications and other materials related to risk and insurance
economics publicly and freely available and accessible. For that
purpose, The Geneva Association created a virtual library containing,
so far, more than 4,300 documents accessible in many ways, including
via a search engine.
Many activities of The Geneva Association, if not all, stimulate
research and thinking in insurance economics and risk management,
not only by academics, but also by researchers in insurance
companies, public organisations and other interested parties in the
field. Indeed, between the conferences it organises, the publications it
develops, the research it carries in-house or through expert networks,
and its involvement in global economic and financial issues, The
Geneva Association’s original objective to promote and stimulate risk
and insurance research is widely met.
To strengthen its specific role as information hub in the field of
insurance economics, The Geneva Association has recently decided to
expand its virtual library on the website to include all the articles
published in its two leading journals, The Geneva Papers on Risk and
Insurance—Issues and Practice and The Geneva Risk and Insurance
Review. Both journals are published by Palgrave Macmillan which
agreed that The Geneva Association could make freely available all
articles published in the two journals three years after their date of
publication. This means that to date, past issues of The Geneva
Papers on Risk and Insurance from January 1976 to October 2008 are
available and accessible for free on The Geneva Association’s
website. Every three months, a another issue of the journal is made
available. This represents so far a total of 1,209 articles. The first
articles published in The Geneva Papers are worthwhile reading for all
those interested in the history of the discipline. It is always very
instructive to read past contributions of outstanding economists in the
The aim of this newsletter is to contribute to the exchange of information on studies
and initiatives aimed at better understanding the challenges arising in the fields of
insurance regulation, supervision as well as other legal aspects.
Risk Management
Research on Risk Management Assessment
and Prevention
Print run: 3,700 copies
Editor: Walter R. Stahel, Research Director, Risk Management
The Risk Management newsletter summarises The Geneva
Association’s initiatives in the field. It is open to contributions from
any institution or company wishing to exchange information on the
subject.
Editorial
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Managing the Opportunities and Risks
No. 51 May 2012
_________________________ of the Early 3rd Millennium
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Editorial
Managing the Opportunities and
Risks of the Early 3 rd Millennium
by Walter R. Stahel
Guest Editorial
Climate Liability Risk: Will it be the
Next Chapter in the Global “Blame
Game”?
by Richard H. Murray
The Value of Insurance to Society
by Kathrin Hoppe
The UN Shift from Social Research
to Protecting the Environment to
Governance
by Meghan Orie
New Major Publications by
The Geneva Association
Forthcoming Books and Call for
Papers
The Geneva Association
Conferences
Past Risk Management
Conferences
Miscellaneous Information and
Prevention News
The CR+I Project of The Geneva
Association: Climate Risk and
Insurance
The ART of CROs Networks
Books, Publications, Articles and
Papers Received
Summary of the Risk Management
Programme of The Geneva
Association
Forthcoming Conferences of
The Geneva Association
by Walter R. Stahel +
This issue of the Risk Management Newsletter looks at paradigm
shifts in the early 3 rd 1
Millennium and devotes a large part to the
6 emergence of quasi-regulatory risks. We hope you will enjoy
reading it and look forward to your comments.
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In a number of polls, risk managers of all economic sectors are asked
each year to list the top risks. For 2012, economic imbalances, societal
inequalities, increased regulation and growing competition are among
the top risks. Other areas cited by respondents included data privacy
and security threats, the competition for talent and labour, better
forecasting and scenario analysis, solar storms—but climate change
has disappeared as a major threat; some polls also see an elevated
role for Chief Risk Officers. These priorities are also valid for insurers. 1
In addition to these annual risk polls, there exist longer-term hazards of
a dormant nature, such as the shift from an industrial economy to a
circular economy in the West, a shift of economic power from the
North-Western Hemisphere to the Southern Hemisphere—China, India,
Latin America, South Africa and Southeast Asia; the economic development
of Siberia and the Arctic Ocean being the exception of this
trend. Some hazards are linked to the growth of the world population,
such as the need to increase food production, the competition for flat
land between agriculture, industry and urban development; the competition
for water by the same demand categories and the choice between
economic growth and safeguarding the natural capital, i.e. biodiversity
or the “Global Commons”—the oceans and the atmosphere, including
greenhouse gas emissions (GHG). Others are linked to the increasing
density of the population at certain hot spots, such as coastal plains.
But whereas these developments are on the radar of most risk experts,
this editorial will look at a number of lesser known “paradigm shifts” that
have become visible at the change to the 3 rd Millennium and which the
editor believes will shape the next decades for insurers. These shifts
are global and represent opportunities and risks for insurance
companies and society—plus synergies, if a common ground can be
found; that is, if the objectives of society and economy can be married.
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