Insurance immaterial damage due to pandemic - 02/03/2023 (1 CPD)
Securitisation rather than mutualisation.
Topics to be discussed:
- Concepts (immaterial damage, business interruption insurance, pandemic);
- Pandemic risk as catastrophe risk (high intensity and low frequency);
- Uninsurability of pandemic risk via traditional engineering (due to lack of modelling, capacity and spread (mutual, geographical and temporal));
- Solution via securitisation (capital market financing of total claims among all insured via disaster bonds issuance).
Speaker: Prof. Kristiaan Bernauw, Universiteit Gent
Practical aspect: The session will be held by using TEAMS.