{"title":"Editorial The walls came tumbling down","authors":"P. Embrechts","doi":"10.1017/S1748499522000070","DOIUrl":null,"url":null,"abstract":"From a regulatory point of view, pandemic risk was clearly on the table, be it either through stress tests for mortality rates, so-called pandemic shocks, or a requirement for concrete continuity plans in the case of serious business interruption. [...]various publications stress the fact that flu pandemics occur more frequently than we think (Marani et al., 2021). Through a shared IT infrastructure between suppliers, manufacturers, distributors, retailers, auditors, consumers and, of course, insurers3, blockchain technology enabled a considerable growth in supply chain management. Examples include supply chain insurance, crop insurance, longevity bonds, the evolving world of catastrophe insurance, pandemic bonds, parametric insurance, innovative pension schemes in a historically low interest rate environment, and the always-present market for insurance-linked securities.","PeriodicalId":44135,"journal":{"name":"Annals of Actuarial Science","volume":"16 1","pages":"211 - 213"},"PeriodicalIF":1.5000,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Annals of Actuarial Science","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1017/S1748499522000070","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
From a regulatory point of view, pandemic risk was clearly on the table, be it either through stress tests for mortality rates, so-called pandemic shocks, or a requirement for concrete continuity plans in the case of serious business interruption. [...]various publications stress the fact that flu pandemics occur more frequently than we think (Marani et al., 2021). Through a shared IT infrastructure between suppliers, manufacturers, distributors, retailers, auditors, consumers and, of course, insurers3, blockchain technology enabled a considerable growth in supply chain management. Examples include supply chain insurance, crop insurance, longevity bonds, the evolving world of catastrophe insurance, pandemic bonds, parametric insurance, innovative pension schemes in a historically low interest rate environment, and the always-present market for insurance-linked securities.