The Geneva Association, the leading international think tank of the insurance industry, has published in collaboration with the Insurance Development Forum (IDF) the paper Guidelines for Risk Assessment to Support Sovereign Risk Financing and Risk Transfer, which provide governments with a framework for conducting the risk assessment underpinning national risk transfer programmes.
The use of genetic information for life, disability, critical illness and long-term care insurance is likely to increase in relevance. The growing availability of genetic testing at ever lower prices is already giving insureds the option to purchase online “direct-to-consumer” tests. The new paper from The Geneva Association explores key implications of the use of genetic information in life insurance.
The Geneva Association has responds to the International Association of Insurance Supervisors announcement on the development of a Global Insurance Capital Standard.
Leading international insurance think tank, The Geneva Association has today issued a paper on the group-wide risk and capital management of internationally active insurance groups (IAIGs). The paper aims to support the discussions underway at the International Association of Insurance Supervisors (IAIS) on a Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame). The paper comprises a survey of the risk and capital management practices of 19 large insurance groups.
Leading international insurance think tank, The Geneva Association has today published a cross- industry analysis comparing the named 28 Global Systemically Important Banks (G-SIBs) to 28 of the world's largest insurers on indicators of systemic risk.
Leading insurance economics think tank, The Geneva Association, has issued a letter to the Finance Ministers and Central Bank Governors of the G-20 in advance of their upcoming meeting in Toronto on 26 and 27 June. The letter highlights the findings of the International Association of Insurance Supervisors (IAIS) in their 4 June statement on Key Financial Stability Issues and calls on the G20 to take into account existing and impending insurance regulation and the specific characteristics of insurance from other financial services in any regulatory responses.
Leading international insurance think tank, The Geneva Association, today published a special report analysing the role of insurance in financial stability and its systemic relevance. The report has been provided to inform and support supervisors and policymakers in their discussions on the development of measures to address the complex problem of systemic risk underlined during the financial crisis.
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.
In light of the implications of our changing climate, The Geneva Association is calling on delegates now meeting in Warsaw for the United Nations Climate Change Conference of the Parties to recognise the importance of countrywide disaster risk reduction measures and risk-conscious urban planning and building standards. In a report published in June, the Association provided a series of case studies to show the effective forms of collaboration between governments and insurers that create greater physical and financial resilience from disasters.
