Recent Research Developments Affecting Nonlife Insurance - The CAS Risk Premium Project 2013 Update

13 Pages Posted: 27 Mar 2015

See all articles by Christian Biener

Christian Biener

Institute of Insurance Economics, University of St. Gallen; University of St. Gallen - School of Finance

Martin Eling

University of St. Gallen - Institute of Insurance Economics; University of Saint Gallen - School of Finance (SoF)

Shailee Pradhan

University of Saint Gallen - School of Finance (SoF)

Date Written: Spring 2015

Abstract

This article reports the main results of the 2013 Risk Premium Project update, a yearly review of actuarial and finance literature on the theory and empirics of risk assessment for property–casualty insurance. The literature review reveals a broad variety of topics, with a strong leaning toward catastrophe risk, market efficiency, and new valuation techniques. Within the field of catastrophe risk, the role of weather and climate‐related risks for the insurance sector is reviewed and both the threats and the opportunities arising from the changing risk landscape are discussed.

Suggested Citation

Biener, Christian and Eling, Martin and Pradhan, Shailee, Recent Research Developments Affecting Nonlife Insurance - The CAS Risk Premium Project 2013 Update (Spring 2015). Risk Management and Insurance Review, Vol. 18, Issue 1, pp. 129-141, 2015. Available at SSRN: https://ssrn.com/abstract=2585787 or http://dx.doi.org/10.1111/rmir.12034

Christian Biener (Contact Author)

Institute of Insurance Economics, University of St. Gallen ( email )

Girtannerstrasse 6
St. Gallen, St. Gallen 9010
Switzerland

HOME PAGE: http://sites.google.com/site/bienerresearchprofile/

University of St. Gallen - School of Finance ( email )

Unterer Graben 21
St.Gallen, CH-9000
Switzerland

Martin Eling

University of St. Gallen - Institute of Insurance Economics ( email )

Kirchlistrasse 2
St. Gallen, 9010
Switzerland

University of Saint Gallen - School of Finance (SoF) ( email )

Unterer Graben 21
St.Gallen, CH-9000
Switzerland

Shailee Pradhan

University of Saint Gallen - School of Finance (SoF) ( email )

Unterer Graben 21
St.Gallen, CH-9000
Switzerland

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