Geneva — The Geneva Association, an international “think tank” and insurance research institution, and the New York-based International Insurance Society Inc. (IIS) released a 2009 Call for Papers today. The collaborative insurance research program, sponsored jointly by the two organizations, is designed to encourage practically oriented applied research in insurance, addressing issues of concern to insurance executives worldwide.

Winners, who will be announced in March, receive a stipend of $10,000, and are invited to present their research at the IIS Annual Seminar, which takes place at the Grand Hyatt Amman, Jordan, June 7-10, 2009. The deadline for research submissions is Feb. 27, 2009.

Recognizing the need for research that is practical and applicable to current issues facing the insurance industry, The Geneva Association and the IIS have created an awards program that rewards high-quality, original research. The program, now in its fifth year, continues to grow in quality and scope, with participation by researchers from around the globe.

"The awards program is a special way of stimulating research and the dissemination of original ideas,” says Patrick Liedtke, secretary general and managing director of the Geneva Association. “The winning papers provide exceptional insights into issues of strategic importance to the insurance sector, combing academic rigor with practical relevance."

The Call for Paper topics, which this year are “The Credit Crisis and the Insurance Industry” and “New Business Models for New Markets,” address the critical issues currently facing the insurance industry, reports the organizations.

The credit crisis presents a challenging future that will require extraordinary measures, fiscal acuity and risk management. However, it also will present opportunities and competition in new markets while expansion in existing markets continues to be an area of major focus across the globe.

"In turbulent times such as these, insurers are increasingly looking further afield for growth opportunities, while keeping a vigilant eye on operational risks. There remains untapped potential in both established emerging markets and emerging-emerging markets," says Pat Kenny, IIS president and CEO.

The Geneva Association/IIS Research program is underwritten by Kyobo Life, Korea; Munich Re, Germany; Partner Re, Bermuda; and The Starr Foundation, USA.

Sources: Geneva Association, International Insurance Society

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