讲座主题：Reinsuring Export Credit Agencies: What Drives Demand?
主讲嘉宾：Dr Simone Krummaker，Bayes Business School
讲座时间：2024年12月4日，下午3：30-5:00
讲座地点：中央财经大学沙河校区13号楼215会议室
嘉宾简介：Dr Simone Krummaker is the Associate Dean for the MSc Programmes and an Associate Professor of Insurance at Bayes Business School. She holds a doctoral degree (Dr. rer. pol.) and a German University degree (DiplomÖkonom) in Business and Economics from the Leibniz University of Hannover and is a Fellow and the Institute for Trade and Innovation at Offenburg University.
Before joining academia, Simone worked for more than 10 years in the insurance industry in several positions such as underwriting and controlling. She is also a certified insurance professional (Versicherungskauffrau, Chamber of Industry and Commerce). Simone joined the Centre for Risk and Insurance at Leibniz University of Hannover as a Lecturer and Researcher in insurance in 2003 and also led several projects and successful grant applications there. In 2012 Simone moved to London to help starting up University of East Anglia’s London campus before joining Westminster Business School as a Senior Lecturer in Finance. In September 2018 Simone joined Bayes’ Faculty of Actuarial Science and Insurance.
Simone’s research interests are particularly in the area of organisational insurance demand, ESG in insurance as well as export credit insurance. She also provides consulting and training in her area of expertise.
讲座摘要：Our research assesses factors influencing the demand for private reinsurance by public export credit agencies and export-import banks (ECAs), focusing on their specific characteristics. Supporting more than $2.5 trillion of payment risk protection for trade and foreign direct investment together with private actors in 2023, ECAs play a crucial role in bridging market gaps by offering trade credit insurance and investment guarantees, as well as equity and export financing. Our findings show that there is a strong relationship between reinsurance demand and the intervention principle, full faith and credit, managerial discretion, services of risk transfer and business diversification. The influence of regulation and financial strength is less clear. Our findings lead to the development of a framework outlining the contextual factors affecting the demand for reinsurance of public export credit agencies. This exploratory study contributes to existing theories of reinsurance demand and integrates practical feedback into the theoretical framework. Furthermore, it provides important recommendations for policymakers, public financial institutions and private actors supporting global trade and foreign direct investment.
