Risks

Extreme Events and Uncertainty in Insurance and Finance - Program
SCOR and IDEI Conference on Extreme Events and Uncertainty in Insurance and Finance January 10, 2014  …
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An Academic Response to Basel 3.5 - Risk Aggregation and Model Uncertainty
Paul Embrechts RiskLab, Department of Mathematics, ETH Zurich
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NORMEX - a new method for evaluating the VaR of aggregated heavy tailed risks
Marie Kratz ESSEC Business School, CREAR Risk Research Center
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Tail Risk Premia and Predictability
Viktor Todorov Northwestern University
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ALM Model: The contribution of Fuzzy Logic to behaviour modelling
The reforms ushered in by Solvency 2 introduce a new method for the valuation of insurance company…
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Mananaging the consequences of macroeconomic and (geo)political risks
In this FOCUS publication entitled "Managing the consequences of macroeconomic and (geo)political risks: What roles for (re)insurers?”,…
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The Smart Factory – Risk Management Perspectives
(Contribution of SCOR experts in an external publication) The world is about to embark on a fourth…
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Pushing the limits – Managing risk in a faster, taller, bigger world
(Contribution of a SCOR expert in an external publication) Faster bullet trains, taller skyscrapers, longer bridges –…
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Does risk diversification always work? The answer through simple modelling
With a simple example of throwing a dice, we show how to price an insurance policy. We…
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Development risk
Development risk is a risk that is unknown at the time a product is launched and that…
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Should we discount the far-distant future at its lowest possible rate ?
In this paper, we elaborate on an idea initially developed byWeitzman (1998) that justifies taking the lowest…
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How Should the Distant Future be Discounted When Discount Rates are Uncertain ?
The so-called "Weitzman-Gollier puzzle" is the fact that two seemingly symmetric and equally plausible ways of dealing…
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Large Risks, Limited Liability and Dynamic Moral Hazard
We study a continuous-time principal-agent model in which a risk-neutral agent with limited liability must exert unobservable…
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Risk Attitude, Beliefs Updating and the Information. Content of Trades: An Experiment
We conduct a series of experiments that simulate trading in financial markets and which allows us to…
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Modern companies and extreme risks
The definition of risk appetite is absolutely essential in insurance and reinsurance, where risk is the raw…
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Using the past to predict economic risks
To receive an electronic paper of this publication, please contact us.   Newsletter SCOR Global P&C
An Illustrative Example of Pricing Risk
To receive an electronic paper of this publication, please contact us.   Newsletter SCOR Global P&C
For economic forecasting it is important to know how the real economy responds to major events such…
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We use tail expectiles to estimate Value at Risk (VaR), Expected Shortfall (ES) and Marginal Expected Shortfall…
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Dans ce rapport, l’Académie des technologies, dont la devise est « Pour un progrès raisonné, choisi, partagé…
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This first of a two-part series, Alain Lessard examines the disruptions the sharing economy is causing, particularly…
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Nous nous intéressons dans ce papier au risque de grèves, émeutes et mouvements populaires avec pour but…
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The operational and technical capabilities of UASs have quickly outpaced regulatory efforts, and perhaps the most complex…
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The world recently experienced several rare events with disastrous consequences: the global nancial crisis, the European sovereign…
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As early as 1946, American magazine Popular Science concluded that: “Drones, as the radio-controlled aircraft are called,…
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Après avoir montré que le divorce est un risque dont on peut estimer la probabilité d’occurrence et…
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This report presents two expert contributions which investigate the key risk factors for the insurance of Bitcoin…
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This paper is intended to be a primer on extreme event modeling and mitigation for practitioners. It…
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Individuals often make decisions that affect groups, yet the propensities of group representatives are not as well…
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During the past 15 years, the Internet revolution has redefined business-to-consumer (B2C) industries such as media, retail…
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Empirical studies have found that high litigation costs often discourage small firms from investing in R&D, as…
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What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They are…
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(Re)insurers today face a degree of change and uncertainty that appears to be evolving at an ever…
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This paper examines oversight issues that underlie the potential growth and risks in mobile payments. International experience…
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The aim of the paper is to correct standard measures of agglomeration economies in order to account…
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Cette étude exploratoire fournit de premiers ordres de grandeur des coûts afférents à la pollution de l’air…
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In this paper, we provide reviews of recent scientific findings on health effects and preference valuation of…
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In 2012, two states legalized marijuana for recreational use. An additional 18 states, plus the District of…
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Tchernobyl, AZF, Xynthia, Fukushima, et bien d’autres drames qui viennent allonger la liste de chocs majeurs, de…
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Extreme risks are potential events that are very unlikely to occur (and therefore infrequent) but that could…
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Les radiofréquences constituent un objet de préoccupations sanitaires et environnementales depuis plusieurs années en France et à…
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A Bayesian inference approach offers a methodical concept that combines internal data with experts' opinions. Joining these…
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  In this paper we propose a novel approach to measure risks, when the data available are…
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The study of risk management began after World War II. Risk management has long been associated with…
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Existential risks are those that threaten the entire future of humanity. Many theories of value imply that…
The basic issue that this paper aims to address is the relationship between scientist and the subject…
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We propose a model of history-dependent risk attitude, allowing a decision maker’s risk attitude to be affected…
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Some services pose specific risks to consumers, for instance injuries caused by poor safety supervision on outdoor…
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In this paper, we propose an alternative approach to estimate long-term risk. Instead of using the static…
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By their nature, black swan events should only occur at unpredictable intervals. Yet recent experience suggests events…
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  With this report, the International Risk Governance Council aims to raise awareness among professionals about the…
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Despite the large literature on anomalies in risky choice, very little research has explored the relevance of…
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Competitive models of asymmetric information predict a positive relationship between coverage and risk. In contrast, most recent…
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Ce document porte davantage sur le rôle de l'Etat dans les situations de risque que sur l'industrie…
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(Summary, full report in German) This report updates the assessment of the health effects of high-frequency radiation…
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The relationship between urban spaces, associated risk, and the notion of proximity has until now been subject…
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The Insurance Risk Study from Aon Benfield provides underwriting volatility benchmarks towards chief risk officers, actuaries and…
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