Editorial The walls came tumbling down
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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.
[1] Y. de Montjoye,et al. AI: Coming of age? , 2022, Annals of Actuarial Science.
[2] P. Embrechts,et al. Recent Challenges in Actuarial Science , 2021, Annual Review of Statistics and Its Application.
[3] G. Katul,et al. Intensity and frequency of extreme novel epidemics , 2021, Proceedings of the National Academy of Sciences.
[4] Michael Merz,et al. EDITORIAL: YES, WE CANN! , 2018, ASTIN Bulletin.