Gen Re

Read our new blog: https://lnkd.in/e7f84Eqe When it comes to the hazardous action of turning left, there are many contributing factors. Multiple studies have found significant benefits of #roundabouts versus traditional controlled intersections. David Hurt, MBA, CPCU, Property/Casualty Claims Executive, takes a look at some statistics. #autoinsurance

What a great turnout! This year’s Global Clients’ Reinsurance Course in Cologne is once again proving very popular. It’s another one of our training programmes for those who want to learn more about non-life reinsurance. During the 5-day programme, we focus on treaty reinsurance and its special features with presentations, case studies, and group discussions. In addition, the participants also learn about facultative reinsurance, modelling of natural catastrophe risks, risk management, and claims. Another highlight is Gen Re’s unique PRIME simulation exercise, which simulates operations from a primary insurer’s perspective. There are also social highlights, including a guided walking tour of Cologne and dinners at special places. #GCRCCologne

Just in time to enjoy the European Football Championship together, the participants in the course “Certified Underwriting Specialist” met again in Cologne. What better combination than medical underwriting insights during the day and a multinational group cheering on different countries in the evening? Thanks to all Gen Re colleagues who supported the seminar. #medicalunderwriting

This year’s Summer Technical Meeting of the IntAP Reinsurance Claims Association, which was held on 19/20 June, was all about the latest international Casualty topics. We learned about the PFAS legislation and litigation update from the U.S., coverage related to war/terrorism, and autonomous vehicles and liability issues from the UK and Germany, amongst other topics. Well done to Nina Dahm-Loraing, who’s been appointed to the organisation’s Steering Committee! Kevin LaCroix , Björn Griesbach , Dr. Mathias N. Schubert , Sian Purath, Bob Baratta , Todd Jacobs , Harris Winsberg , Dr. Ulrich Stahl #casualty #liability #claims

We were treated to a fascinating talk by David L. Eckles, a visiting professor from the University of Georgia, at Gen Re's Lecture Day in Cologne yesterday. His presentation, entitled "The History and Development of Business Interruption Insurance", captured the audience. We also invited students interested in a career with an international reinsurer, who loved meeting Gen Re employees and clients. The event ended with everyone enjoying Kölsch and snacks on the rooftop. #GenReLectureDay #businessinterruptioninsurance #insurancecareers

While cyber insurance is undergoing a process of adaptation to balance policyholder expectations with the overall risk of a serious act of cyber warfare, property insurers have generally remained silent on the risks that cyber war could pose to their portfolios. Caroline Sijbrandij, Head of Wordings, International P&C Management London, talks about why now is the time for property insurers to consider the risk of cyber warfare and the potential claims that could result. https://lnkd.in/ex929Cum #cyberrisk #cyberwar #propertyinsurance

The U.S. Equal Employment Opportunity Commission recently released its agency’s performance details for 2023 that shows increased “demand for its services and additional remedies for workers who suffered discrimination.” Alice Zelikson, Claims Executive, has highlights of the report by type of claim. https://lnkd.in/e4yc47sr #EPLinsurance #EEOC #insuranceclaims #claimsmanagement

In October 2023 the Joint Excess Loss Committee published Cyber Clause JX2023-019 to encompass the various coverages in the marine and upstream energy insurance market in one reinsurance clause. In this article, Jens Voges provides a detailed description of the development of JX2023-019 and how the clause was designed to address the challenges that will become increasingly important to the marine and upstream energy industry in the coming years. https://lnkd.in/eTPQdFwc #cyberrisk #marineinsurance #emergingexposures

Earlier this week, we kicked off our #PrideMonth celebrations with Tris Reid-Smith as a guest speaker in our Cologne office. Tris is a journalist who recently founded the non-profit organization PrideWide.  He outlined the historical development of LGBTQ+ rights from its beginnings to the present day and reflected on the implications for today's development. He also reminded us that while much has been achieved, we need to continue to talk about and advocate for LGBTQ+ rights. Thank you, Tris, for your interesting and energizing presentation, and a big shout out to the org team Christian Tomberg, Nicole Piprek, Andrew Topp and our LGBTQ+ Employee Resource group chair Andrew D'Arcy. 

Between the first half of 2019 and 2023, U.S. #pedestrianfatalities rose seven times the rate of population growth, to a point where on average 20 people each day of the year lose their lives while walking. The latest blog from Tim Fletcher, Sr. Emerging Issues Specialist, looks at what’s driving this trend and explores what might be done to save lives. https://lnkd.in/eCRqNaMc