Reinsurance Brokers and Advice Quality: Is There a Need for Regulation?

Sonnenholzner, Michael; Friese, Sebastian; Schulenburg, J.-Matthias Graf von der

doi:10.1057/grir.2008.14

Cited by 3 publications

(1 citation statement)

References 23 publications

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“…A value-added service would be expected in commercial lines where the 31 Outreville (2003). 32 Sonnenholzner et al (2009). selection of the best insurance contract is more difficult.…”

Section: The Role Of Reinsurance Brokersmentioning

confidence: 99%

The Geneva Risk and Insurance Review 2009: In Quest of Behavioural Insurance

Outreville

2010

Geneva Pap Risk Insur Issues Pract

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The purpose of this article is to review and summarize the papers published in The Geneva Risk and Insurance Review in 2009. Asymmetric information, adverse selection and moral hazard are the keywords in several papers in this volume. These papers highlight how applied research in insurance could help understand the behaviour of policyholders and have important implications for the insurance industry. This is an important issue in insurance and the papers summarized in this article raise some interesting potential empirical research questions and call for a behavioural research approach applied to insurance, a field that could be defined as behavioural insurance.

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“…A value-added service would be expected in commercial lines where the 31 Outreville (2003). 32 Sonnenholzner et al (2009). selection of the best insurance contract is more difficult.…”

Section: The Role Of Reinsurance Brokersmentioning

confidence: 99%

The Geneva Risk and Insurance Review 2009: In Quest of Behavioural Insurance

Outreville

2010

Geneva Pap Risk Insur Issues Pract

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Plea for Uniform Regulation and Challenges of Implementing the New Insurance Distribution Directive

Hofmann

Neumann

Pooser

2018

Geneva Pap Risk Insur Issues Pract

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Enhancing cyber insurance strategies: exploring reinsurance and alternative risk transfer approaches

Cremer,

Sheehan,

Mullins

et al. 2024

Journal of Cybersecurity

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Cyber reinsurance is crucial in fostering sustainable growth and enhancing risk transfer strategies within the cyber insurance sector. Approximately 50%–65% of global cyber insurance premiums were ceded to the reinsurance market in 2022. While current reinsurance capacity is adequate to meet prevailing market demands, significant increases are needed to safeguard international commerce and close the cyber protection gap. This study analyzes the management of cyber risk accumulation by cyber reinsurance. The research creates and analyzes a dataset of semi-structured interviews with twenty cyber reinsurance market participants. The findings indicate that due to the highly volatile nature of cyber risks, cyber reinsurers enforce stringent capacity provision criteria on primary insurers. It is highlighted that reinsurers diversify their aggregate and cyber risk accumulation across various factors. This study offers an in-depth analysis of cyber insurance within the reinsurance framework, detailing collective strategies for implementing ILS and PPPs to mitigate barriers. These measures aim to enhance cyber capacity within the market, ensuring that cyber insurance remains accessible and affordable.

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Reinsurance Brokers and Advice Quality: Is There a Need for Regulation?

Cited by 3 publications

References 23 publications

The Geneva Risk and Insurance Review 2009: In Quest of Behavioural Insurance

The Geneva Risk and Insurance Review 2009: In Quest of Behavioural Insurance

Plea for Uniform Regulation and Challenges of Implementing the New Insurance Distribution Directive

Enhancing cyber insurance strategies: exploring reinsurance and alternative risk transfer approaches

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