The Forum represents an expansion of the research area for the Network – this time charged to investigate how best to model and manage the extreme economic and financial risks underwritten by the insurance industry.
The Forum creates an international network of researchers at Georgia State University and at other leading universities who will interact with insurers, reinsurers, government research institutions and other non-governmental organizations. The inaugural partners are RiskLab located at ETH Zurich and the Risk Management Institute at the National University of Singapore.
The Forum's goal will be to focus on the fundamental challenges of building models to be used for risk measurement, assessment, capital allocation, and internal decision-making by firms and regulators.
Collaborative applied research projects, with industry and research teams, will be designed to produce outcomes that are academically rigorous and directly relevant to industry. Successful projects will be those where there is both a clear expected economic benefit as well as an expected academic impact.