Annual Seminars
44th Seminar, London, 18-20 September 2017
The 44th Seminar of the European Group of Risk and Insurance Economists (EGRIE) will take place in London, UK, on September 18-20, 2017.
Enrico Biffis is the local organiser.
On the occasion of the seminar, the 29th Geneva Risk Economics Lecture will be delivered by Olivia Mitchell.
The scientific programme committee for this meeting is composed of Richard Watt (chairman), Annette Hofmann and Martin Eling.
Registration and program
To access more detailed information regarding conference registration, accomodation, etc., please follow this link.
The registration deadline is Friday 1. September 2017. To register for the seminar, please follow this link.
Please note that EGRIE members pay a reduced registration fee (25€ instead of 125€).
For more information on the conference program, please follow this link.
To access the tentative scientific program, please follow this link.
Scientific Program and Papers
Monday | |||||
September 18th | |||||
9:15-10:30 | Geneva Risk Economics Lecture (Chair: Alexander Muermann) | ||||
Olivia Mitchell | |||||
"Developments for Retirement Products in an Ageing World" | |||||
(Discussant: Monika Buetler) | |||||
11:00-12:30 | Session A1 (Chair: A. Muermann) | Session A2 (Chair: C. Courbage) | |||
G. Dionne, Y. Liu | A. Bostian, C. Heinzel, | ||||
“Effects of insurance incentives on road safety. Evidence from a natural experiment in China” | “Comparative precautionary saving under higher-order risk and recursive utility” | ||||
(Discussant: P. Zweifel) | (Discussant: R. Huang) | ||||
Y. Deng, K. Wang, T. Wang, H. Zheng | D. Crainich, R. Peter | ||||
“Private information in automobile insurance market - revealed by driving record in telematics” | “On the interaction between the demand for saving and the demand for risk reduction” | ||||
(Discussant: G. Dionne) | (Discussant: Y. Osaki) | ||||
13:30-15:30 | Session B1 (Chair: R. Rees) | Session B2 (Chair: R. Watt) | |||
M. Hoy, A. Mirza, A. Sadanand | N. Argyris, J. Jaspersen, A. Richter | ||||
“Guaranteed renewable life insurance under demand uncertainty” | “Risk aversion in additive multivariate utility functions” | ||||
(Discussant: R. Bourlès) | (Discussant: P. Picard) | ||||
D. Rowell, P. Zweifel | L. Liu, J. Meyer, A. Rettenmaier, T. Saving | ||||
“Separating equilibria in insurance markets: A new theoretical perspective” | “Risk and risk aversion effects in contests with contingent payments” | ||||
(Discussant: W. Mimra) | (Discussant: N. Treich) | ||||
M. Browne, I. Gemmo, H. Gründl | C. Kubitza, F. Regele | ||||
“Transparency aversion and insurance market equilibria“ |
“Persistency of insurance activities and financial stability” |
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(Discussant: M. Kraft) | |||||
16:00-17:30 | Session C1 (Chair: S. Krummaker) | Session C2 (Chair: C. Bernard) | |||
M. Browne, A. Hofmann, A. Richter, S. Roth, P. Steinorth | R. Bourlès, D. Henriet, B. Sinclair-Desgagne | ||||
“Peer effects in risk taking: Evidence from Germany“ | “Safeguards and incentives” | ||||
(Discussant: K. Wang) | (Discussant: M. Hoy) | ||||
C. Courbage, G. Montoliu, B. Rey | T. Boonen | ||||
“How vulnerable is risk aversion to wealth, health and other risks? An empirical analysis for Europe” | “Equilibrium recoveries in insurance markets with limited liability” | ||||
(Discussant: G. Millo) | (Discussant: R. Rogalla) | ||||
Tuesday | |||||
September 19th | |||||
9:00-10:30 | Session D1 (Chair: E. Biffis) | Session D2 (Chair: P. Zweifel) | |||
L. Berger, V. Bossetti | C. Courbage, H. Louberge, B. Rey | ||||
“What is behind ambiguity aversion?” | “On the properties of non-monetary measures for risk“ | ||||
(Discussant: F. Pannequin) | (Discussant: R. Eisen) | ||||
F. Pannequin, M. Ropaul | R. Huang, L. Tzeng, L. Zhao | ||||
“Self insurance and liability insurance under one-sided ambiguity” | “Between Nth and N+1th degree stochastic dominance“ | ||||
(Discussant: D. Crainich) | (Discussant: A. Snow) | ||||
11:00-12:30 | Session E1 (Chair: A. Hofmann) | Session E2 (Chair: K. Crocker) | |||
M. Hanselmann | P. Picard | ||||
“Ratings on online health insurance marketplaces: A two-edged sword?” | “Splitting Risks in Insurance Marketswith Adverse Selection" | ||||
(Discussant: T. Boonen) | (Discussant: Y. Yao) | ||||
Y. Fujii, Y. Osaki | B. Davies, R. Watt | ||||
“The willingness to pay for health improvements under comorbidity ambiguity“ | “Bundling and Insurance of independent risks” | ||||
(Discussant: D. Pooser) | (Discussant: A. Braun) | ||||
13:30-15:30 | Session F1 (Chair: D. Eckles) | Session F2 (Chair: G. Dionne) | |||
C. Kubitza | C. Bernard, T. Moenig | ||||
“Consumer welfare when firms face parameter uncertainty about costs” | “Where less is more: Reducing variable annuity fees to benefit policyholder and insurer” | ||||
(Discussant: S. Ebert) | (Discussant: G. Montoliu) | ||||
B. Heidler, J. Jaspersen, D. Lohmaier, D. Pooser, A. Richter | G. Cenedese, P. Della Corte, T. Wang | ||||
“Managerial discretion and variable risk preferences” | |||||
(Discussant: S. Krummaker) | |||||
S. Ebert | M. Chaderina, A. Muermann, C. Schuech | ||||
“Decision making when things are only a matter of time” | “Which bonds to sell in fire sales? Liquidity versus commonality of holdings” | ||||
(Discussant: F. Papakonstatinou) | (Discussant: C. Kubitza) | ||||
Wednesday | |||||
September 20th | |||||
9:00-10:30 | Session H1 (Chair: S. Dickinson) | Session H2 (Chair: D. Michaelides) | |||
C. Lepore, M. Tanaka, D. Humphrey, S. Kallol | P. Zweifel | ||||
“An elusive panacea? The impact of the regulatory valuation regime on insurers' investment behaviour” |
“Solvency regulation of insurance mark III. Will it make a difference?” | ||||
(Discussant: R. Rees) | |||||
D. Cummins, F. Irresberger, Y. Peng, M. Weiss | R. Maurer, O. Mitchell, R. Rogalla, T. Schimetschek | ||||
“Shadow Insurance and Systemic Risk” | “Optimal social security claiming behaviour under lump sum incentives: theory and evidence” | ||||
(Discussant: C. Kubitza) | (Discussant: A. Michaelides) | ||||
11:00-12:30 | Session I1 (Chair: F. Papakonstantinou) | Session I2 (Chair: A. Snow) | |||
Y. Yao, J. Schmit, J. Shi | N. Treich, Y. Yang | ||||
“Promoting sustainability for micro health insurer. A risk adjusted subsidy approach for maternal healthcare service” | “Public safety under imperfect taxation” | ||||
(Discussant: W. Schnell) | (Discussant: L. Liu) | ||||
M. Eling, W. Schnell | R. Rees, F. Fossen, D. Rostam, V. Steiner | ||||
“Extreme cyber risks and the non-diversification trap” | “How do entrepreneurial portfolios respond to income taxation?” | ||||
(Discussant: M. Archayya) | (Discussant: D. Rowell) | ||||
41st Seminar
St. Gallen
15-17 September 2014
41th Seminar, St. Gallen, 15-17 September 2014
Sunday, September 14th |
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18:00 | Welcome Cocktail, Institut für Versicherungswirtschaft |
Monday, September 15th |
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08:00 - 08:45 |
Registration and Welcome Coffee, Foyer Library |
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08:45 - 09:00 | Welcome Speech, Room 09-011 |
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09:00 - 10:30 |
Geneva Risk Economics Lecture (Chair: G. Dionne, Room 09-011) H. Schlesinger "Lattices and Lotteries in Apportioning Risk" Discussant: G. Franke |
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10:30 - 11:00 | Coffee Break, Foyer Library | |
11:00 - 12:20 |
Session A1 (Chair: P. Picard, Room 09-011) Loss control conflicts C. Courbage, H. Loubergé, R. Peter D. Crainich, L. Eeckhoudt |
Session A2 (Chair: H. Schmeiser, Room 23-203) Interest Rates E. Berdin, H. Gründl G. Millo, P. Millossovich |
12:20 - |
Lunch, Foyer Library | |
14:15 - 16:15 |
Session B1 (Chair: C. Courbage, Room 01-014) Behavioral session F. Pannequin, A. Corcos, C. Montmarquette S. Ebert, C. Hilpert K. Werner |
Session B2 (Chair: P. Zweifel, Room 23-203) Moral hazard and adverse selection K. Shaver M. Eling, R. Jia, Y. Yao C. Biener, M. Eling, A. Landmann, S. Pradhan |
16:15 - 16:45 | Coffee Break, Foyer Library | |
16:45 - 18:05 |
Session C1 (Chair: H. Schlesinger, Room 01-014) Correlation aversion H. Chiu D. Crainich, L. Eeckhoudt, O. Le Courtois |
Session C2 (Chair: F. Pannequin, Room 23-203) Adverse selection Y. Yao, J. Schmitt, J. Sydnor J. Bauer, J. Schiller, C. Schreckenberger |
19:30 | Gala Dinner, Grand Cafe Gentile |
Tuesday, September 16th |
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08:30 - 10:30 |
Session D1 (Chair: H. Loubergé, Room 09-011) Investment S. Ben Ammar, M. Eling, A. Milidonis K. Fu, Y.-C. Hsu, R. Huang, L. Tzeng |
Session D2 (Chair: C. J.F. Outreville, Room 09-114) Pension funds and life insurance T. Boonen, A. De Waegenaere, H. Norde R. Inderst, A. S. Sirak A. Braun, H. Schmeiser, F. Schreiber |
10:30 - 11:00 | Coffee Break, Foyer Library | |
11:00 - 12:20 |
Session E1 (Chair: L. Eeckhoudt, Room 09-011) Decision C. Heinzel, R. Peter M. Adler, N. Treich |
Session E2 (Chair: M. Eling, Room 09-114) Market discipline M. Grace, S. Kamiya, R. Klein, G. Zanjani M. Dong |
12:20 - 13:30 | Lunch, Foyer Library | |
13:30 - 15:30 |
Session F1 (Chair: R. Eisen, Room 09-011) Regulation P. Zweifel J. Jaspersen, A. Richter, S. Soika M. Altuntas, T. Berry-Stölze, S. Wende |
Session F2 (Chair: G. Dionne, Room 09-114) Organizations C. Biener, M. Eling, J. Wirfs S. Kamiya, A. Milidonis
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15:30 - 16:00 | Coffee Break, Foyer Library | |
16:00 - |
General Assembly |
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19:00 | Conference Dinner, Appenzeller Schaukäserei |
Wednesday, September 17th |
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8:30 - 09:40 |
Session G1 (Chair: S. Ben Ammar, Room 09-011) Pricing insurance C. Cheng, J. Li |
Session G2 (Chair: R. Peter, Room 09-012) Ambiguity Y. Fujii, H. Iwaki, Y. Osaki |
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09:40 - 10:10 | Coffee Break, Foyer Library | ||
10:10 - 11:30
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Session H1 (Chair: L. Tiblietti, Room 09-011) Risk measures S. Kou, X. Peng D. Pankoke |
Session H2 (Chair: S. Kamiya, Room 09-012) Flood insurance M. Browne, C. Dehring, D. Eckles, W. Lastrapes G. Turner |
41th Seminar, St. Gallen, 15-17 September 2014
Hotels:
- Radisson Blu Hotel, St. Gallen, St. Jakob-Strasse 55, CH-9000 St. Gallen, +41 (0)71 242 1212
30 rooms, 4 stars superior business hotel, price per night between CHF 214.50 and 241.50
Available until August 29
- Hotel Walhalla St. Gallen, Best Western, Bahnhofplatz / Poststrasse 27, CH-9001 St. Gallen, +41 (0)71 228 2800
19 rooms, 4 stars business hotel, price per night between CHF 182.50 and 242.50
Available until September 6
- Sorell Hotel City Weissenstein, Davidstrasse 22, CH-9000 St. Gallen, +41 (0)71 228 062
15 rooms, 3 star business hotel, price per night CHF 157.50
Available until August 11
- Hotel Dom, Webergasse 22, CH-9000 St. Gallen, +41 (0)71 227 7171
12 rooms, 3 star business hotel, price per night between CHF 147.50 and 157.50
Available until August 5
All prices include breakfast and the city tax. The seminar will be held at Universität St. Gallen, Dufourstrasse 50, 9000 St. Gallen.
40th Seminar, Paris, 17-19 September 2012
25th Geneva Risk Economics lecture by Miles Kimball on "The Effect of Uncertainty on Optimal Control Models in the Neighborhood of a Steady State"
Program Committe: Ray Rees, Georges Dionne, Jean Pinquet, Rachel J. Huang
Local Organizer: Pierre Picard
Sunday, September 15th |
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18:00 | Welcome Cocktail at Le Carmen |
Monday, September 16th |
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08:00 - 08:45 | Registration and Welcome Coffee | |
08:45 - 09:00 | Welcome Speech | |
09:00 - 10:30 |
Geneva Risk Economics Lecture M. Kimball "The Effect of Uncertainty on Optimal Control Models in the Neighborhood of a Steady State" Discussant: N.V. Long |
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10:30 - 11:00 | Coffee Break | |
11:00 - 12:30 |
Session A1 (Chair: L. Eeckhoudt) H. Schlesinger, S. Ebert, L. Eeckhoudt "All Investors Are Risk-Averse Expected Utility Maximizers" (Discussant: H. Loubergé) |
Session A2 (Chair: G. Turner) J. Wang, A. Subramanian C. Grislain-Letrémy |
12:30 - |
Lunch |
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14:00 - 16:00 |
Session B1 (Chair: C. Heinzel) R. Peter, A. Hofmann A. Snow, R.J. Huang, L.Y. Tzeng R.Peter, M. Hoy, A. Richter |
Session B2 (N. Gatzert) E. Biffis, L.R. Sotomayor, D. Bauer N. Gatzert, M. Martin J. Etner, H. d' Albis |
16:00 - 16:30 | Coffee Break |
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16:30 - 18:00 |
Session C1 (Chair: M. Hoy) P. Picard, K. Wang M. Santolino, M. Ayuso, L. Bermúdez |
Session C2 (Chair: P. Zweifel) S. Kamiya, J.T. Schmit F. Glenzer, H. Gründl, C. Wilde |
19:30 | Conference Dinner at Le Capitaine Fracasse: Cruise on the Seine River |
Tuesday, September 17th |
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08:30 - 10:30 |
Session D1 (Chair: E. Biffis) F. Schreiber, A. Braun, H. Schmeiser J.K. Hammitt, D. Crainich, L. Eeckhoudt |
Session D2 (Chair: C. Courbage) F. Pannequin, A. Corcos, C. Montmarquette L. Liu, J. Meyer C. Courbage, B. Rey |
10:30 - 11:00 | Coffee Break |
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11:00 - 12:30 |
Session E1 (Chair: C. Bernard) S. Ebert, P. Strack R. Laeven, L. Eeckhoudt |
Session E2 (Chair: J. Garven) J. Garven, N. Doherty, S.H. Sinclair G. Turner |
12:30 - 14:00 | Lunch | |
14:00 - 15:30 |
Session F1 (Chair: N. Treich) N: Treich, X.Z. He B. Lopez-Cabrera, W.k. Härdle, H.W. Teng |
Session F2 (Chair: W. Koeniger) G.N.F. Weiss F. Loss, G. Piaser |
15:30 - 16:00 | Coffee Break |
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16:00 | General Assembly |
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19:00 | Gala Dinner at Musée du Vin |
Wednesday, September 19th |
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8:00 - 8:30 | Welcome Coffee | ||
8:30 - 10:00 |
Session G1 (Chair: F. Pannequin) X.Ping, G. Zanjani |
Session G2 (Chair: J.J Wang) S. Ben Ammar, M. Eling |
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10:00 - 10:30 | Coffee Break |
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10:30 - 12:00
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Session H1 (Chair: A. Richter) V. Aseervatham, P. Born, A. Richter C. Cheng, F. Uzelac |
Session H2 (Chair: A. Kartasheva) W. Koeniger, G. Bertola A. Bohnert, P. Born, N. Gatzert |
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12:00 |
Lunch |