Monday, 24 May 2021

The 2021 KBS Spring Series continues on Tuesday 25th May at 1.00 p.m. with a seminar by Robert Joniec and John Garvey.   The seminar format is informal and interactive facilitating discussion and Q&A and will take place on MS Teams  Click here to join the meeting  title and abstract are below.

Reinsurance Marketplaces and their Microstructure - Robert Joniec and John Garvey

Abstract: Understanding how reinsurers fulfil their function and are likely to do so in the future is a critical task, particularly in the context of a changing climate and associated catastrophic potential. Global insured losses from natural events were $81 billion in 2020 with the potential for annual losses from climate-related natural events to reach $250 -300 billion. The current paper aims to identify where vulnerabilities may exist in the reinsurance marketplace, an important component in the global insurance market. This research draws on approaches used in microstructure research as well as the relatively new field of market design to document the nature of the reinsurance transaction. Issues around market congestion and stable matching are considered and provide direction for marketplace design and the application of new technologies.

All are warmly welcome, further information on the KBS Spring series can be found at https://www.ul.ie/business/research/research-events