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Introduction |
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The risk management industry is changing rapidly. Competition, financial innovation, the increasing role played by capital markets and solvency-related regulatory developments are profoundly changing the forms and techniques used in the underwriting transformation and carrying of risks.
In order to take stock of the situation regarding financial research on these developments, SCOR and the 'Journal of Risk and Insurance' are organising a scientific conference on the theme of "New Forms of Risk Sharing and Risk Engineering".
This event which will take place on 20 and 21 September 2007 at SCOR HQ and will be organised around the presentation of research papers selected by a scientific committee and presented in the attached "call for papers", which will then be published in the Journal of Risk and Insurance.
In order to combine the latest research findings with an operational vision of current changes and opportunities in the management of large risks, two round tables will bring together professionals from the finance and reinsurance markets, covering the topics of "Innovation in Risk engineering and Risk sharing" and "Risk sharing innovation and Solvency management".
Godefroy de Colombe
Public Affairs Director, SCOR Group |
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Journal of Risk and Insurance Conference
20 and 21 September 2007
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 New Forms of Risk Sharing and Risk Engineering |
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The Conference will take place on Sept. 20-21, 2007 in Paris at SCOR's Headquarters: New York room.
Registration is free.
Please send an email to 'malix@scor.com' to register »
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 ProgramDay 1: Sept. 20, 2007
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09:00 |
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Introduction/Welcome:
Denis Kessler, Chairman and Chief Executive Officer of SCOR |
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09:15 |
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Presentation of the Conference:
David Cummins, Temple University Georges Dionne, HEC Montreal
Download 
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09:30 |
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Introductory Keynote Speech:
Paul Embrechts, Swiss Federal Institute of Technology (ETH), Modeling Extremes in Insurance and Finance:
Practical Necessity versus Methodological Challenge.
Download
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10:30 |
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************* Break************* |
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10:45 |
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First round table:
Risk Sharing Innovation and Solvency Management
Chairman: Janne Lipponen, UK FSA's, Solvency II Project Office Manager, Financial Services Authority
Speakers invited
- Philippe Trainar, Chief Economist at SCOR Group
- Yann Le Pallec, Director, Standard & Poor's Financial Services
- Christian Gollier, Professeur d'Economie, Université de Toulouse
Download
- Margarita von Tautphoeus, Executive Manager and Head of the France, Belgium
and Luxembourg Department at Munich Re
- François Robinet, Chief Risk Officer at AXA
Conclusion: David Cummins, Temple University |
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12:45 |
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************* Lunch ************* |
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14:30 |
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Second round table:
Innovation in Risk Engineering and Risk Sharing
Chairman: Dan Ozizmir, Managing Director, Swiss Re
Download
Speakers invited:
- Mike Millette, Managing Director at Goldman Sachs
Download
- Jean-Luc Besson, Chief Risk Officer at SCOR Group
Download
- Yves Glaser, Member of the Executive Board at MMA Finance
Download
Conclusion: Paul Embrechts, Swiss Federal Institute of Technology (ETH)
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16:30 |
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************* Break************* |
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17:00 |
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Paper presentation:
David Cummins, Temple University, Innovations in Alternative Risk Finance:
Capital Market and Insurance Market Solutions
Download |
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17:30 |
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Paper presentation:
Michel Habib, University of Zurich, Why have Exchange-Traded Catastrophe Instruments Failed to Displace Reinsurance?
Download |
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18:00 |
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Paper presentation:
Pauline Barrieu, London School of Economics, Hybrid Cat-bonds
Download |
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18:30 |
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Concluding words:
Pierre Picard, Ecole Polytechnique and member of the Scientific Committee
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19:00 |
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************* Dinner ************* |
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ProgramDay 2: Sept. 21, 2007
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09:00 |
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Paper presentation:
Robert Klein, Georgia State University, Catastrophe Risk Financing in the United States and the European Union:
A Comparative Analysis of Alternative Regulatory Approaches
Download |
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09:30 |
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Paper presentation:
Christian Gouriéroux, University of Toronto and CREST, Control and Out-of-Sample Validation of Dependent Risks
Download |
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10:00 |
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Paper presentation:
Michael Powers, Temple University, Optimal Reinsurance Contracts and the Role of Retention
Download
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10:30 |
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************* Break************* |
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10:45 |
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11:15 |
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Parallel sessions
Paper presentation:
Fredj Jawadi, Amiens School of Management and EconomiX, Nonlinear Cointegration Relationships Between Non Life Insurance Premiums and Financial Markets
Download
(*)Paper presentation:
Hato Schmeiser, University of St. Gallen, An Analysis of Pricing and Basis Risk for Industry Loss Warranties
Download |
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(*)The Paper Presentation will take place in the Auditorium |
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12:30 |
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************* Lunch ************* |
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14:00 |
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Paper presentation:
Carole Bernard, University of Waterloo, Optimal Reinsurance Arrangements Under Tail Risk Measures
Download
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14:30 |
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Paper presentation:
Mark Browne, University of Wisconsin, Reinsurance Purchases as a Financial Market Signal:
Evidence from Reserve Estimation
Download |
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15:00 |
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Paper presentation:
Georges Dionne, HEC Montréal, Efficiency of Reinsurance
Download |
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15:30 |
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************* Break************* |
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16:00 |
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Concluding Keynote Speech:
Denis Kessler, Chairman and Chief Executive Officer of SCOR
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************* Cocktail ************* |
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