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Guidelines for Risk Assessment to Support Sovereign Risk Financing and Risk Transfer
This document has been developed in response to a request from the United Nations Office for Disaster Risk Reduction (UNISDR) as part of Words into Action Guideline on National Disaster Risk Assessment: Governance System, Methodologies, and Use of Result. This module provides governments with a framework for risk assessment to support development of sovereign risk financing and risk transfer programmes. It also offers a checklist for conducting the underpinning risk analysis to guide the design of such programmes.
The Nature and Role of Capital in Insurance
Insurance and banking have very different business models. As part of their business, insurers are exposed to different risks and therefore must be treated differently in terms of regulation and reporting. This report examines capital and its role in the insurance business model.
The Global Insurance Protection Gap: Assessment and Recommendations
This report presents an overview assessment of the current state of underinsurance in non-life, life and pensions insurance. It also proposes specific actions by the insurance industry in collaboration with governments that can help close the protection gap and thereby add to their contribution to economic development.
Observations on the U.S. Resolution System for Property/Casualty Insolvent Insurers
This report provides an analysis of the process of resolution of property/casualty (P/C) insolvencies in the United States through its state receivership system and presents a detailed case study of the decade-long wind-down of Lumbermens Mutual Group.
An Integrated Approach to Managing Extreme Events and Climate Risks
This report provides insights about the causes and effects of mounting social and economic risks, analyses the obstacles to fully capturing the insurance industry’s potential and makes concrete recommendations on how to overcome some of these hurdles.
Harnessing Technology to Narrow the Insurance Protection Gap
The global protection gap is one of the most pressing issues facing the insurance industry. It goes far beyond missed commercial opportunities. The more threatening aspect is a severe lack of societal resilience in many developing and emerging countries, where insurers hardly play any role when it comes to mitigating the impacts of natural disasters or pandemics, for example.
The Stakeholder Landscape in Extreme Events and Climate Risk Management
A concise map of key stakeholders and ongoing global initiatives in extreme events and climate risk management.
COP21 Paris Agreement: What Does It Mean for the (Re)insurance Sector
This paper analyses the relevance of the COP21 Paris agreement outcomes for the (re)insurance industry.
Insuring Flood Risk in Asia's High-Growth Markets
The rapid population and economic growth in Asia is exacerbating an already significant protection gap in the region. In this report, The Geneva Association focuses on flooding, arguably Asia’s biggest and most complex exposure in the long run.
U.S. and Japan Life Insurers Insolvencies Case Studies
This report presents case studies including three U.S. and eight Japanese life insurance insolvencies. The main objective in examining these cases is to identify the best practices for ensuring smooth, non-disruptive resolutions, with a focus on policyholder protection and the overall stability of financial markets and economies.
