Professor of Actuarial Science
Hansjörg Albrecher is Full Professor of Actuarial Science at the University of Lausanne and has been an SFI faculty member since 2010. Prof. Albrecher is a regular speaker at leading conferences on insurance. He has published extensively and also serves on the editorial board of the top academic journals in his areas of research expertise.
His research focuses on the quantitative aspects of insurance and risk management.
Among his recent studies, Prof. Albrecher and his co-authors study the possibilities of insurance risk transfer for floods in Europe. Due to the specificity of floods – low occurrence probability but large financial damage – the authors apply extreme value methodology to model the respective risks. Their results quantify the potential to exploit Europe’s magnitude and geographical diversity related to flood risk if a single-global risk pool for all EU countries were used. The resulting capital requirements would be substantial. Even if such a large-scale scheme was not to be realized, the effects of the creation of initiatives within subsets of European countries should be considered.