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The Geneva Association has awarded the Ernst Meyer Prize, presented in recognition for a doctoral thesis which makes a significant contribution to the study of risk and insurance economics, to Dr Arnaud Goussebaïle for his dissertation on Prevention and Insurance of Natural Disasters.

"By modelling individual behaviours, markets and public policies, Dr Goussebaïle's thesis suggests innovative prevention actions and insurance mechanisms that can efficiently mitigate wealth shocks for economic groups exposed to natural disasters," said Prof. Christophe Courbage of the judging committee, and editor-in-chief of The Geneva Papers on Risk and Insurance - Issues and Practice. "His dissertation offers a better understanding of why certain rare risks are insurable and others not, reflecting on the insurability of low-probability catastrophic risks."