Research chair on risk markets and value creation

Since 2008, the SCOR Foundation for Science and the Toulouse School of Economics have shared a common ambition: to support excellence in research on risk, insurance and finance while contributing to academic debate and addressing today's major economic challenges. This partnership strengthens collaboration between academic researchers and industry experts on leading scientific issues related to risk analysis and management. 

Activities 

The Chair supports a wide range of activities, including: 

• Producing theoretical and applied research on risk, insurance and finance
• Organising scientific seminars and workshops bringing together researchers and industry experts
• Hosting scientific conferences to disseminate knowledge to academic and professional audiences
• Awarding prizes recognising excellence in research in economics, risk and insurance
• Promoting research findings to a broader audience 

Organised under the auspices of the Risk, Markets and Value Creation Chair (TSE-P) and Paris Dauphine University, with the support of SCOR and the Fondation du Risque, these two annual awards recognise excellence research in the fields of risk economics and insurance. The winners are announced during an official ceremony held as part of the EGRIE Seminar. 

2026 Award Winners 

SCOR–EGRIE Young Economist Best Paper Award 

Winner: Marcel Freyschmidt, Frank Cremer, Daniel Kasper and Dingchen Ning
Paper: The Diversifiation Trap: How Weak Dependencies Limit the Value of Scale 

SCOR-Geneva Risk and Insurance Review Best Paper Award

Winner: Pietro Battiston and Mario Menegatti
Paper:  Interaction in prevention: a general theory and
Published in : Geneva Risk and Insurance Review, 49(1), mars 2024, 6-35

Previous Winners 

Interview with the 2025 winners: "Celebrating Research in Risk and Insurance Economics"

SCOR–EGRIE Young Economist Best Paper Award 

• 2025, Marcel Freyschmidt, Tail Overweighting in Catastrophe Bond Pricing
• 2024, Yaming Cao, “Earnings dynamics and selection in health insurance markets”
• 2023, Moritz Loewenfeld and Jiakun Zheng, “Uncovering correlation sensitivity in decision making under risk”
• 2022, Lan Zou, “The impact of subsidies on deductible choice in health insurance”
• 2021, Julia Holzapfel, “Classification risk in health insurance: The interaction of prevention and guaranteed renewable insurance”
• 2020, Richard Peter and Pascal Toquebeuf, “Separating ambiguity and ambiguity attitude with mean-preserving capacities: Theory and applications”
• 2019, Lu Li, “Opening up the black box: The impact of technological transparency on self-protection”
• 2018, Wanda Mimra, Janina Nemitz, and Christian Waibel, “Voluntary Pooling of Genetic Risk: A Health Insurance Experiment”
• 2017, Sebastian Ebert, “Decision making when things are only a matter of time”
• 2016, Maria Efthymiou and Andreas Milidonis, “Does Limited Attention Affect Institutional Trading?”
• 2015, Svenja Hector, “Extending the Ramsey Equation further: Discounting under Mutually Utility Independent and Recursive Preferences”
• 2014, Nadine Gatzert, Sebastian Pokutta, and Nikolai Vogl, “Convergence of Capital and Insurance Markets: Consistent Pricing of Indexed-Linked Catastrophic Loss Instruments”
• 2013, Sebastian Ebert and Philipp Strack, “Until the Bitter End: On Prospect Theory in a Dynamic Context”
• 2012, Andreas Milidonis, “Compensation Incentives of Credit Ratings Agencies and Predictability of Changes in Bond Ratings and Financial Strength Ratings”
• 2011, Carole Bernard and Steven Vanduffel, “Financial Bounds for Insurance Claims”
• 2010, Sara Arvidsson, “Does Private Information Affect the Insurance Risk? Evidence from the Automobile Insurance Market”
• 2009, Julien Hardelin and Sabine Lemoyne de Forges, “Price Competition and Capital Choice of Risk Averse Firms: Application to the Insurance Industry”
• 2008, Joerg Schiller, “Matching and Risk Classification in Insurance Markets with Intermediation 

SCOR-Geneva Risk and Insurance Review Best Paper Award 

• 2025, Richard Peter, The economics of self-protection, Geneva Risk and Insurance Review, 49(1), mars 2024, 6-35
• 2024, Johannes Jaspersen, Richard Peter, and Marc Ragin, “Probability weighting and insurance demand in a unified framework”, Geneva Risk and Insurance Review, 48(1), March 2023, 63–109
• 2023, Enrico Biffis, Erik Chavez, Alexis Louaas, and Pierre Picard, “Parametric insurance and technology adoption in developing countries”, Geneva Risk and Insurance Review, 47(1), March 2022, 7–44
• 2022, Alexis Louaas and Pierre Picard, “Optimal insurance coverage of low-probability catastrophic risks”, Geneva Risk and Insurance Review, 46(1), March 2021, 61–88
• 2021, Christian Gollier, “Pandemic economics: optimal dynamic confinement under uncertainty and learning”, Geneva Risk and Insurance Review, 45(2), September 2020, 80–93
• 2020, Céline Grislain-Letrémy and Bertrand Villeneuve, “Natural disasters, land-use, and insurance”, Geneva Risk and Insurance Review, 44(1), March 2019, 54–86
• 2019, Miles Kimball and Christian Gollier, “New methods in the classical economics of uncertainty: Comparing risks”, Geneva Risk and Insurance Review, 43(1), May 2018, 5–23
• 2018, Justina Klimaviciute, “Long-Term Care Insurance and Intra-family Moral Hazard: Fixed vs Proportional Insurance Benefits”, Geneva Risk and Insurance Review, 42(2), September 2017, 87–116
• 2017, Michel Denuit, Louis Eeckhoudt, Jack Meyer, and Liqun Liu, “Tradeoffs for Downside Risk-Averse Decision-Makers and the Self-Protection Decision”, Geneva Risk and Insurance Review, 41(1), March 2016, 108–129
• 2016, Vickie Bajtelsmit and Paul Thistle, “Liability, Insurance and the Incentive to Obtain Information about Risk”, Geneva Risk and Insurance Review, 40(1), September 2015, 171–193
• 2015, Georges Dionne and Casey Rothschild, “Economic Effects of Risk Classification Bans”, Geneva Risk and Insurance Review, 39(2), September 2014, 184–221
• 2014, Pierre Picard and Jean Pinquet, “Optimal Risk Financing in Large Corporations through Insurance Captives”, Geneva Risk and Insurance Review, 38(1), March 2013, 48–86
• 2013, W. Henry Chiu, “Risk Aversion, Downside Risk Aversion and Paying for Stochastic Improvements”, Geneva Risk and Insurance Review, 37(1), March 2012, 1–26
• 2012, Christian Gollier, “On the Underestimation of the Precautionary Effect in Discounting”, Geneva Risk and Insurance Review, 36(2), December 2011, 95–111
• 2011, Sharon Tennyson, “Incentive Effects of Community Rating in Insurance Markets: Evidence from Massachusetts Automobile Insurance”, Geneva Risk and Insurance Review, 35(1), June 2010, 19–46
• 2010, John Quiggin and Robert G Chambers, “Bargaining Power and Efficiency in Insurance Contracts”, Geneva Risk and Insurance Review, 34(1), June 2009, 47–73
• 2009, Keith Crocker and Arthur Snow, “Background Risk and the Performance of Insurance Markets under Adverse Selection”, Geneva Risk and Insurance Review, 33(2), December 2008, 137–160
• 2008, Markus Glaser and Martin Weber, “Overconfidence and Trading Volume”, Geneva Risk and Insurance Review, 32(1), June 2007, 1–36 

The main findings from research conducted within the Risk Markets and Value Creation Chair are presented in a series of Research Journals that make academic research accessible to a wider audience and encourage the dissemination of knowledge beyond academic circles.