International Insurance Society and the Geneva Association will award $10,000 to winning entries

The Geneva Association and the International Insurance Society have invited research papers for their annual joint awards programme.

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 in 2009 takes place at the Grand Hyatt Amman, Jordan, from 7th to 10th June.

The deadline for research submissions is February 27, 2009.

The Geneva Association and the IIS created the awards programme to encourage practical, applicable and high-quality research into current issues facing the insurance industry.

The programme is now in its fifth year and participation has grown to include researchers from around the globe.

Patrick Liedtke, secretary general and managing director of the Geneva Association, said, "The awards programme is a special way of stimulating research and the dissemination of original ideas. The winning papers provide exceptional insights into issues of strategic importance to the insurance sector, combing academic rigour 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. The credit crisis presents a challenging future that will require extra-ordinary measures, fiscal acuity and risk management. However, it will however also 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 Chief Executive Officer.

The Geneva Association, headed by Patrick M. Liedtke, Secretary General and General Manager, is a unique non-profit worldwide organisation formed by a statutory maximum of 80 Chief Executive Officers from leading insurance companies worldwide. Its main goal is to research the growing economic importance of insurance activities in the major sectors of the economy.

Founded in 1965 as a non-profit corporation, the International Insurance Society, provides a world forum for leading insurance executives, academics and others interested in insurance to share interests and ideas on timely global issues.

The Geneva Association/IIS Research programme is supported by Kyobo Life (Korea), Munich Re, Partner Re and the Starr Foundation.