News s Relea se - Geneva Association

Newss Release
201
15 SHIN RES
SEARCH EX
XCELLENCE
E AWARD WINNERS
W
AN
NNOUNCED
GENE
EVA, Switzerland, and NE
EW YORK, N
NY, February
y 3, 2015 – The
T Geneva A
Association and the
Interna
ational Insurance Society
y (IIS) have a
announced the winners of
o their collabborative insurance
researrch program,, the Shin Re
esearch Exce
ellence Awarrds, which is endowed byy Kyobo Life Insurance
Company.
The se
elected Shin Research Scholars
S
will p
present theirr research du
uring the IIS 551th Annual Seminar in
th
th
New Y
York, June 14
4 – 17 , attended by 50
00+ senior insurance lead
ders from aroound the globe. It will also
be pub
blished in Th
he Geneva Papers
P
on Rissk and Insura
ance as well as in an advvanced online publication
n
and diistributed by the IIS and The
T Geneva Association.
The jo
oint research program wa
as establishe
ed to promote
e practically oriented,
o
appplied researc
ch in the field
d
of insu
urance and risk managem
ment, addresssing topics which
w
directly
y influence bbusiness ope
erations. Und
der
this prrogram, research is comm
missioned fro
om leading academics
a
worldwide andd refereed by
y a panel of
disting
guished judges, represen
nted by insura
ance experts
s and industrry scholars. F
Following a
comprrehensive revview, the IIS Research C
Committee se
elected the fo
ollowing reseearchers to be
b recognized
d
with th
he prestigious Shin Research Excelle
ence Award:
oward Kunrreuther, Jam
mes G. Dinan
n Professorr, Professor of Operatio
ons and Info
ormation
Ho
Management,, Professor of Decision Sciences and
a Busines
ss Economiccs and Public Policy
Co
ool, Univers
o-Director, Risk
R
Management and D
Decision Prrocesses, Wharton
W
Scho
sity of
Pe
ennsylvania
a
Sh
hawn Cole, Professor of
o Business Administration, Financ
ce Unit, Harvvard Busine
ess School
Howarrd Kunreuthe
er has a long
g-standing intterest in way
ys that societty can betterr manage low
w-probability,,
high-cconsequence
e events relatted to techno
ological and natural haza
ards. He is a distinguishe
ed professor, a
Fellow
w of the American Association for the Advanceme
ent of Science
e and a Distiinguished Fe
ellow of the
Societty for Risk An
nalysis. Proff. Kunreuthe r has authored several books, countleess research
h articles and
d
reportss, and has served on a number
n
of inttergovernmental panels relating
r
to dissaster risk, re
esiliency and
d
climate
W
Econo
omic Forum and
a the Natio
onal Academ
my of Science
e / National
e change, including the World
Resea
arch Council’’s panel on In
ncreasing Na
ational Resilience to Haz
zards and Dissasters. His work is wide
ely
respeccted by policcy makers, ac
cademic pee
ers and the in
nsurance industry at largee. Prof. Kun
nreuther will be
b
presen
nting originall research on
n Insuring Ag
gainst Extrem
me Events: The
T Need forr Private-Pub
blic
Partne
erships, as commissioned
d by the IIS a
and the Geneva Association through the Shin Re
esearch
progra
am.
Shawn
n Cole is a le
eading resea
archer in the field of corpo
orate and household finaance in emerg
ging marketss
with a focus on banking, micro-finance, inssurance and the relationship betweenn financial development
and ecconomic grow
erience in China, India, Indonesia, Soouth Africa and
wth. With ex
xtensive expe
a Vietnam,,
couple
ed with a bacckground at the
t Federal R
Reserve Ban
nk of New Yo
ork, Professoor Cole is rec
cognized as
the tho
ought leaderr in micro-insurance and w
will present his
h research on Overcom
ming Barriers
s to MicroInsura
ance Adoptio
on: Evidence from the Fie
eld. Professo
or Cole is an affiliate of thhe National Bureau
B
of
Econo
omic Researcch, MIT’s Jam
meel Povertyy Action Lab, and the Bureau for Ressearch and Economic
E
Analyssis of Develo
opment. He serves
s
on the
e Boston Fed
deral Reserv
ve's Communnity Developm
ment
Resea
arch Advisoryy Council, an
nd has serve
ed as an exte
ernal advisor to the Gatess Foundation
n, and as the
chair o
of the endow
wment manag
gement comm
mittee of the Telluride As
ssociation, a non-profit ed
ducational
organiization.
“We are pleased to
o recognize the
t outstand
ding work of Professor
P
Ku
unreuther andd Professor Cole,” said
Anna Maria D’Hulsster, Secreta
ary General o
of The Genev
va Associatio
on. “We lookk forward to the
contrib
butions they will make to the industryy and wider-w
world’s underrstanding of tthe role of pu
ublic private
partne
erships in mittigating and managing rissks.”
“As a leader in innovation, the insurance industry is an invaluable force for driving change, improving the
world by ensuring protection, prosperity, and resiliency,” said Michael J. Morrissey, IIS President and
CEO. Our industry’s ability to meet these objectives hinges on ongoing analysis; empirical research
typified by the Shin Research program. We congratulate our Research Committee, led by Dr. Joan
Lamm Tennant of Guy Carpenter, for identifying the leading scholars in the areas of disaster resiliency
and financial inclusion, arguably two of the industry’s - - and society’s- - greatest imperatives. Together
with The Geneva Association, we are proud to endorse the intellectual contributions of Prof. Howard
Kunreuther and Prof. Shawn Cole, respectively, and look forward to their participation in the IIS Annual
Seminar.”
On behalf of The Geneva Association, the research partnership is led by Dr. Christophe Courbage,
Research Director, Health and Aging – Insurance Economics. Serving on the 2015 Research Committee
were: Prof. Martin Eling, Professor and Director, Institute of Insurance Economics, University of St.
Gallen; Prof. W. Jean Kwon, Edwin A.G. Manton Endowed Chair Professor in International Insurance and
Risk Management, Director, the Center for the Study of Insurance Regulation (CSIR), The School of Risk
Management, St. John's University; Lorenzo Savorelli, Head of Research and Development, Generali;
Prof. Joan Schmit, American Family Insurance Chair in Risk Management and Insurance, University of
Wisconsin-Madison, USA; and Mary Trussell, Partner, KPMG.
About International Insurance Society
The International Insurance Society (IIS), founded in 1965, is the largest and most prestigious industry
organization, with members representing global insurance leaders, international regulatory authorities and
worldwide insurance scholars from over 90 countries, providing a synergy that is truly unique. Its mission
is to facilitate cross-border exchange of ideas, the development of global personal networks and to initiate
practical and original research addressing critical issues facing the industry. The IIS commitment to the
advancement of the industry is evidenced by our myriad of activities, built upon an industry-wide network
of insurance leaders representing all stakeholders of the industry. The IIS seminar is the must attend
annual conference and draws 500+ senior insurance executives, regulators and insurance scholars,
representing all parts of the world and all sectors of the industry. Inclusiveness and diversity are
distinguishing characteristics of the IIS and function as key drivers that support information exchange and
the development of global peer networks that are valued by and contribute to the success of the global
insurance industry. An impartial, membership organization built for and by the industry, the IIS serves as
the primary global resource for the insurance community.
About The Geneva Association
The Geneva Association is the leading international insurance think tank for strategically important
insurance and risk management issues. It identifies fundamental trends and strategic issues where
insurance plays a substantial role or which influence the insurance sector. Through the development of
research programmes, regular publications and the organisation of international meetings, The Geneva
Association serves as a catalyst for progress in the understanding of risk and insurance matters and acts
as an information creator and disseminator. It is the leading voice of the largest insurance groups
worldwide in the dialogue with international institutions. Established in 1973, The Geneva Association is a
non-profit organisation funded by its members. For more information please visit
www.genevaassociation.org
For more information on The Geneva Papers on Risk and Insurance—Issues and Practice, please visit
http://www.genevaassociation.org/Publications/Geneva_Papers_on_Risk_and_Insurance.aspx
For further information please contact:
Elisabeth Johansson
Director of Media and Communications
International Insurance Society
Tel.: +1 212 277 5120
Email: ej@iisonline.org
Anthony Kennaway
Head of Communications
The Geneva Association
Tel.: +41 22 707 66 00
Email: anthony_kennaway@genevaassociation.org