Ransomware is gaining momentum.PDF (1.51 MB)
A new SCOR publication looks at Switzerland’s Natural Catastrophes from the distant past to the present day and shows how they have impacted the country’s insurance landscape
Olivier Perraut, Chief Underwriting Officer, Specialty Insurance at SCOR Global P&C, and Lydia Sandner, Senior Associate, ESG Ratings and Regulatory Affairs, ISS ESG, explored at the 2019 SCOR Annual Conference the value of a company seen as closely tied to its relationship with its stakeholders and society and the ways in which this can be concretely assessed.
For the reinsurance business, climate change promises to offer growing cause for concern not only in terms of physical disruption and damage, but also with regard to the financial risks involved in transitioning to a low-carbon economy.
How to ensure the sustainability of insurability and its development?
At the 2019 SCOR Annual Conference, Sylvain Gauden, Chief Underwriting Officer for Marine and Energy at SCOR Global P&C, led a panel that explored how industries leverage technology and data – including blockchain, big data, artificial intelligence and predictive models – to better monitor their supply chains and improve security and services. Panel members included Francoise Carli of SICMEC; Lars Henneberg of MAERSK; Michel Josset of FAURECIA; and Pauline Des Vallières of SCOR Global P&C.
At the 2019 SCOR Annual Conference, Daniel Theben and Henry Bovy led an interactive discussion on the expanding risk universe – and what it means for the (re)insurance industry. The challenge for insurers is to manage the downsides of existing and new emerging risk while seizing opportunities to provide new solutions and support for their clients. This requires (re)insurers to pro-actively identify, assess and capture emerging risks in their risk models, once relevant for their risk profile.
In this blog, Vincent Foucart and Eric Le Mercier discuss the role of reinsurance in helping to build resilience in economies and communities around the world. They look at the “insurance protection gap” – the difference between economic losses in disaster-stricken countries, and what is effectively covered by insurance. And they examine ways of helping to bridge this gap.