Risk Management

RISK MANAGEMENT

Head of Research: Walter Stahel

►The research programme

►The M.O.R.E. 22 Seminar on The Total Cost of Risk Concept, 18-19 September 2008

►The M.O.R.E. seminars of the last 10 years

►The Science Meetings

►The Geneva Papers of the last 10 years

►Etudes et Dossiers of the last 10 years

►The M.O.R.E. studies of the last 10 years

►The 5 most recent newsletters

►The research programme

The Risk Management Programme is an integral part of The Geneva Association's dialogue with economic and academic actors in order to emphasise the role of insurance in a modern service economy.

The focus of the Risk Management Programme is to:

■ provide a platform between the insurance community, the engineering and academic communities and policy makers to discuss issues on balancing risks and opportunities;

■ be a facilitator for the Chief Risk Officers (CROs) of The Geneva Association, and CROs in general;

■ foster the use of the tools of risk assessment and risk management in new fields of application, such as policy making;

■ promote the concept of the insurability of risks as the 'natural' borderline between State legislation and the market economy;

■ identify new opportunities for insurers in the emerging sustainability concept in order to enlarge the field of insurable and insured risks;

■ research and illustrate the new risks in the emerging service economy, based on an extended performance responsibility of economic actors.

The main tools to achieve these objectives are:

■ the Risk Management Newsletter, published biannually;

■ the M.O.R.E. Seminars, open to an expert public — the papers of the seminars are published in the Working Paper series "Etudes et Dossiers";

■ the ART of CROs meetings (Annual Round Table of Chief Risk Officers), open to CROs of The Geneva Association’s members;

■ the Annual CRO Assemblies open to CROs from all insurance companies and related sectors, by invitation.

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►The M.O.R.E. 22 Seminar on The Total Cost of Risk Concept, 18-19 September 2008, Munich

The M.O.R.E. 22-Seminar will try to bring the concept of The Total Cost of Risk as a basis to promote loss prevention to the forefront of the agenda. The seminar is organised in collaboration with Munich Re within the 'M.O.R.E.' - Programme of The Geneva Association. It is open to all experts; participation is limited to 50 people to foster discussions.

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►The M.O.R.E. (Management Of Risks in the Economy) seminars of the last 10 years

Contributions by Insurance to Sustainability, 11th M.O.R.E. Seminar, Oslo, 26-27 February 1996. Papers were published in Etudes & Dossiers no. 199, July 1996.

The Insurability of Risks on the Information Highway, 12th M.O.R.E. Seminar, Winterthur, 29-30 April 1997. Papers were published in Etudes & Dossiers no. 210, September 1997.

Multi-factor Risks, from Risk Management to the Integrated Management of Risks and the Environment, 13th M.O.R.E. Seminar, Hanover, 11-12 June 1998. Papers were published in Etudes & Dossiers no. 219, September 1998.

Global Climate Change - Research on RTD Policy in the EU and its Meaning for Insurance, 14th M.O.R.E. Seminar, London, 16-17 September 1999. Papers were published in Etudes & Dossiers no. 227, November 1999.

2K: After the Hype, the Real Story; and The Future of Risk Management, 15th M.O.R.E. Seminar, Munich, 3-4 May 2000. Papers were published in Etudes et Dossiers no. 232, July 2000.

Repercussions of Global Climate Change, and Launching the INTEREST Research Programme, 16th M.O.R.E. Seminar, Venice, 24–25 October 2001. Papers were published in Etudes & Dossiers no. 252, February 2002.

Risks, Vulnerabilities and Exposures in Transport (air, space, sea and land), 17th M.O.R.E. Seminar, 21-22 October 2002, Unterföhring /Munich. Papers were published in Etudes & Dossiers no. 263, December 2002.

Uninsured Risks, 18th M.O.R.E. Seminar, October 2003, Vouliagmeni near Athens, hosted by The Ethniki Insurance Company Athens. Papers were published in Etudes & Dossiers no. 279, February 2004.

The Role and Relevance of Insurance for Manufacturing Industries, 19th M.O.R.E. Seminar, 8-9 November 2004, AXA University, Chateau Suduiraut, France. Papers were published in Etudes & Dossiers no. 290, January 2005.

P-PPP – Partnership in Prevention, Precaution and Protection, organised jointly with XL Group, 20-21 September 2006, Zurich. Papers were published in Etudes & Dossiers no. 319, January 2005.

The Role of Risk Management and Insurance in the Leisure Industry, 20th M.O.R.E. Seminar, organised jointly with Mapfre Foundation, 16-17 November 2006, Mapfre Foundation, Madrid, Spain. Papers were published in Etudes & Dossiers no. 322, November 2006.

The Role of Risk Management and Loss Prevention in Fire Insurance, 21st M.O.R.E. Seminar, organised jointly with SCOR, 24-25 November 2007, Paris. It integrated the 25^th Anniversary of the World Fire Statistics Centre (WFSC). Papers were published in Etudes et Dossiers no. 333, October 2007.

The Total Cost of Risk – The Risk Cost Iceberg, 22nd M.O.R.E. Seminar, organised jointly with Munich Re, will be held at Munich in September 2008.

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►The Science Meetings

The Science Meetings were organised together with ISPF, the International Science Policy Foundation, London, from 1987 to 1991. The Science Meetings were discussion workshops with high level scientists that took place in absolute discretion. No written or other records exist except individual notes by participants.

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►The Geneva Papers of the last 10 years

Vol. 24, No. 2, April 1999, Issues in Risk Management and Insurance

Vol. 24, No. 3, July 1999, Issues in Risk Management and Insurance

Vol. 25, No. 1, January 2000, Strategic Issues

Vol. 26, No. 1, January 2001, Anticipating and Managing Risks in the 21st Century

Vol. 26, No. 2, April 2001, Insurance and Reinsurance in the Dawn of the 21st Century — Managing Modern Risks and Vulnerabilities

Vol. 26, No. 3, July 2001, Economics Issues in Insurance

Vol. 26, No. 4, October 2001, Studies on the Four Pillars

Vol. 27, No. 2, April 2002, Special Issue on Risk Management: Natural Catastrophes and Risk Management, Man-Made Catastrophes and Risk Management

Vol. 28, No. 3, July 2003, The Role of Insurability and Insurance

Vol. 29, No. 3, July 2004, Risk Management /M.O.R.E.; Pensions and Life Insurance

Vol. 30, No. 3, July 2005, Corporate Governance and Corporate Social Responsibility

Vol. 31, No. 3, July 2006, Special Issue on Reputational Risk, Guest Editor: Karl-Uwe Schanz

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►Etudes et Dossiers of the last 10 years

No. 219, September 1998: Proceedings of the M.O.R.E. 13 - Seminar, June 11-12, 1998, Hannover

No. 227, November 1999: Proceedings of the M.O.R.E.14 - Seminar, September 16-17, 1999, London

No. 232, July 2000: Proceedings of the M.O.R.E. 15 – Seminar, May 3-4, 2000, München

No. 234, November 2000: Vol. I - 27th Seminar of the European Group of Risk and Insurance Economists, Rome, September 18–20, 2000

No. 235, November 2000: Vol. II - 27th Seminar of the European Group of Risk and Insurance Economists, Rome, September 18– 20, 2000

No. 238, February 2001: The 7th Conference on Strategic Issues in Insurance, London, October 24–27, 2001

No. 239, March 2001: Report on the State of the Asian-Pacific Risk Management and Insurance – Special Report, by Yan Li, The Geneva Association

No. 252, February 2002: Proceedings of the MORE 16 Seminar, Venice, October 29-30, 2001

No. 262, December 2002: Proceedings of the MORE 17 Seminar, Oberföhring/Munich, October 21-22, 2002

No. 267, March 2003: INTEREST – Insurance, Technological Risk and Emerging Science and Technology Policies, Final Report

No. 279, February 2004: Proceedings MORE 18 & First ART of CROs ‘Uninsured Risks’, Athens, November 6–7, 2003

No. 280, March 2004: Vulnerabilities and Criticalities of Technical and Organisational Systems in the New Service Economy, Special Report, Geneva, March 2004

No. 290, January 2005: Proceedings of the M.O.R.E. 19 – Seminar on the Role and Relevance of Insurance for Manufacturing Industries, Bordeaux, November 8-9, 2004

No. 301, October 2005: The CRO’s Spring Workshop 2005 of The Geneva Association, organized with Hannover Re, 11-12 May 2005, Hannover

No. 306, December 2005: 3^rd ART of CROs , 2005, Annual Round Table of Chief Risk Officers, co-organised by Fortis Brussels and hosted by Fortis, 3-4 October 2005, Brussels

No. 311, March 2006: 1^st CRO Assembly 2005, Creating a Risk Culture, Rüschlikon, 16-17 November 2005, jointly organised by Swiss Re & The Geenva Association

No. 314, June 2006: Vulnerabilities in Technological Systems, An Analysis and Assessment of Accidents and System Failures, ASEC Services & Vulnerability Project, Final Report prepared for The Geneva Association

No. 315, June 2006: Vulnerability and the Environment, Ecological, Socio-Economic and Institutional Dimensions of Exposure, Adaptation and Collapse, ASEC Services & Vulnerability Project, Final Report prepared for The Geneva Association

No. 318, September 2006: The CRO’s Spring Workshop 2006 of The Geneva Association, organised jointly with AXA, 7-9 May 2006, Bordeaux

No. 319, November 2006: MORE XL, P-PPP’ Partnership fn Prevention, Precaution and Protection, Zurich, 20-21 September 2006 & 4^th ART of CROs, 2005, Rüschlikon, 17–18 October 2006

No. 322, February 2007: M.O.R.E. 20 Seminar of The Geneva Association, The Role of Risk Management and Insurance in the Leisure Industry, 16-17 November 2006, Madrid

No. 323, March 2007: 2nd Chief Risk Officer Assembly, 20-22 November 2006, Munich

No. 326, April 2007: The Insurance Industry: Risk Governance and Solvency ll, Milan, 28 November 2006 & A Reputational Risk Management Framework, report prepared for The Geneva Association and Macros Research by Dr. Riccardo Bigio

No. 329, June 2007: 14th International Space Insurance Conference, "Space & Private Enterprise: Is the Environment Ripe for Expansion?", Milan, 22-23 March 2007

No. 333, October 2007: M.O.R.E. 21 – "The Role of Risk Management and Loss Prevention in Fire Insurance", Paris 24-25 September 2007

No. 337, December 2007: The Insurance Industry and Enterprise Risk Management: From Compliance to Value Creation, 21 November 2007, Milan

No. 338, January 2008: 3rd Chief Risk Officer Assembly "Key drivers of a new risk culture", 26-27 November 2007, Rüschlikon & The 5th Annual Round Table of Chief Risk Officers, 2007, 21-22 May 2007, Edinburgh

No. 342, March 2008: KIDI International Conference 2007, "New Risk Management Environment & Strategy", Seoul, 6 September 2007

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►The M.O.R.E. Studies of the last 10 years

INTEREST – Insurance, Technological Risks and Emerging Science and Technology Policies – Final Report to the European Commission, Etudes & Dossiers no. 267, March 2003

Vulnerabilities and Criticalities of Technical and Organisational Systems in the New Service Economy, by Andrew Koubatis and Jorge Yerena Schönberger, published in Etudes & Dossiers no. 280, Special Report, March 2004

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► The 5 most recent newsletters

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