Munich Re


Book Description

"Reinsurance has to be international in accordance with its nature." This is the well-known viewpoint of Carl von Thieme, one of the founders of Munich Re, who also served as its general director for many years. Thus, it was not a coincidence that the company rose to become the world market leader rather quickly after its founding in 1880. In the following period, Munich Re stayed on top or was occasionally second to Swiss Re. Nonetheless, the broader public does not know much about the company. Johannes Bähr and Christopher Kopper now present the first history of the reinsurer from its beginnings into the 1980s. Few companies have risen to become world market leaders as quickly as Munich Re, and only the fewest have succeeded in remaining at the top of the world market for as long. The company’s history reveals how insurers reacted to major catastrophes and technological shifts. Without sharing risks with reinsurers, countless direct insurers would not have survived the economic consequences of major natural catastrophes and would have been forced into bankruptcy by the weight of their payment obligations. Consequently, reinsurers even made coverage for some risks possible in the first place. Yet Munich Re itself also repeatedly contributed to the introduction of new segments of insurance, such as in the case of machine insurance or high-risk life insurance. Thus, the history of this pioneer of globalization is, at the same time, a history of dealing with risks and managing the distribution of risk. Last but not least, it is also the history of a German company that profited from the National Socialist dictatorship and, with great effort, had to find its way back into the world market after the two world wars.




Agricultural Risk Transfer


Book Description

Gain a holistic view of agricultural (re)insurance and capital market risk transfer Increasing agricultural production and food security remain key challenges for mankind. In order to meet global food demand, the Food and Agriculture Organisation estimates that production has to increase by 50% by 2050 and requires large investments. Agricultural insurance and financial instruments have been an integral part to advancing productivity and are becoming more important in increasingly globalized and specialized agricultural supply chains in the wake of potentially more frequent and severe natural disasters in today’s key producing markets. Underwriting, pricing and transferring agricultural risks is complex and requires a solid understanding of the production system, exposure, perils and the most suitable products, which vastly differ among developed and developing markets. In the last decade, new insurance schemes in emerging agricultural markets have greatly contributed to the large growth of the industry from a premium volume of US$10.1 billion (2006) to US$30.7 billion (2017). This growth is bound to continue as insurance penetration and exposure increase and new schemes are being developed. Agricultural (re)insurance has become a cornerstone of sovereign disaster risk financing frameworks. Agricultural Risk Transfer introduces the main concepts of agricultural (re)insurance and capital market risk transfer that are discussed through industry case studies. It also discusses best industry practices for all main insurance products for crop, livestock, aquaculture and forestry risks including risk assessment, underwriting, pricing, modelling and loss adjustment. Describes agricultural production risks and risk management approaches Covers risk transfer of production and financial risks through insurance and financial instruments Introduces modelling concepts for the main perils and key data sources that support risk transfer through indemnity- and index-based products Describes risk pricing and underwriting approaches for crop, livestock, aquaculture and forestry exposure in developed and developing agricultural systems Become familiar with risk transfer concepts to reinsurance and capital markets Get to know the current market landscape and main risk transfer products for individual producers, agribusinesses and governments through theory and comprehensive industry case studies Through Agricultural Risk Transfer, you’ll gain a holistic view of agricultural (re)insurance and capital market solutions which will support better underwriting, more structured product development and improved risk transfer.




Munich


Book Description

NEW YORK TIMES BESTSELLER • From the bestselling author of V2 and Fatherland—a WWII-era spy thriller set against the backdrop of the fateful Munich Conference of September 1938. Now a Netflix film starring Jeremy Irons. With this electrifying novel about treason and conscience, loyalty and betrayal, "Harris has brought history to life with exceptional skill" (The Washington Post). Hugh Legat is a rising star of the British diplomatic service, serving at 10 Downing Street as a private secretary to the Prime Minister, Neville Chamberlain. Paul von Hartmann is on the staff of the German Foreign Office--and secretly a member of the anti-Hitler resistance. The two men were friends at Oxford in the 1920s, but have not been in contact since. Now, when Hugh flies with Chamberlain from London to Munich, and Hartmann travels on Hitler's train overnight from Berlin, their paths are set on a disastrous collision course. And once again, Robert Harris gives us actual events of historical importance--here are Hitler, Chamberlain, Mussolini, Daladier--at the heart of an electrifying, unputdownable novel.




Introduction to Information Retrieval


Book Description

Class-tested and coherent, this textbook teaches classical and web information retrieval, including web search and the related areas of text classification and text clustering from basic concepts. It gives an up-to-date treatment of all aspects of the design and implementation of systems for gathering, indexing, and searching documents; methods for evaluating systems; and an introduction to the use of machine learning methods on text collections. All the important ideas are explained using examples and figures, making it perfect for introductory courses in information retrieval for advanced undergraduates and graduate students in computer science. Based on feedback from extensive classroom experience, the book has been carefully structured in order to make teaching more natural and effective. Slides and additional exercises (with solutions for lecturers) are also available through the book's supporting website to help course instructors prepare their lectures.




Roosevelt and the Munich Crisis


Book Description

Franklin Roosevelt's intentions during the three years between Munich and Pearl Harbor have been a source of controversy among historians for decades. Barbara Farnham offers both a theory of how the domestic political context affects foreign policy decisions in general and a fresh interpretation of FDR's post-Munich policies based on the insights that the theory provides. Between 1936 and 1938, Roosevelt searched for ways to influence the deteriorating international situation. When Hitler's behavior during the Munich crisis showed him to be incorrigibly aggressive, FDR settled on aiding the democracies, a course to which he adhered until America's entry into the war. This policy attracted him because it allowed him to deal with a serious problem: the conflict between the need to stop Hitler and the domestic imperative to avoid any risk of American involvement in a war. Because existing theoretical approaches to value conflict ignore the influence of political factors on decision-making, they offer little help in explaining Roosevelt's behavior. As an alternative, this book develops a political approach to decision-making which focuses on the impact that awareness of the imperatives of the political context can have on decision-making processes and, through them, policy outcomes. It suggests that in the face of a clash of central values decision-makers who are aware of the demands of the political context are likely to be reluctant to make trade-offs, seeking instead a solution that gives some measure of satisfaction to all the values implicated in the decision.




Internal Time


Book Description

Winner of a British Medical Association Book Award A Brain Pickings Best Science Book of the Year Early birds and night owls are born, not made. Sleep patterns may be the most obvious manifestation of the highly individualized biological clocks we inherit, but these clocks also regulate bodily functions from digestion to hormone levels to cognition. Living at odds with our internal timepieces, Till Roenneberg shows, can make us chronically sleep deprived and more likely to smoke, gain weight, feel depressed, fall ill, and fail geometry. By understanding and respecting our internal time, we can live better. “Internal Time is a cautionary tale—actually a series of 24 tales, not coincidentally. Roenneberg ranges widely from the inner workings of biological rhythms to their social implications, illuminating each scientific tutorial with an anecdote inspired by clinical research...Written with grace and good humor, Internal Time is a serious work of science incorporating the latest research in chronobiology...[A] compelling volume.” —A. Roger Ekirch, Wall Street Journal “This is a fascinating introduction to an important topic, which will appeal to anyone who wishes to delve deep into the world of chronobiology, or simply wonders why they struggle to get a good night’s sleep.” —Richard Wiseman, New Scientist




How I Survived a Chinese "Reeducation" Camp


Book Description

The first memoir about the "reeducation" camps by a Uyghur woman. “I have written what I lived. The atrocious reality.” — Gulbahar Haitiwaji to Paris Match Since 2017, more than one million Uyghurs have been deported from their homes in the Xinjiang region of China to “reeducation camps.” The brutal repression of the Uyghurs, a Turkish-speaking Muslim ethnic group, has been denounced as genocide, and reported widely in media around the world. The Xinjiang Papers, revealed by the New York Times in 2019, expose the brutal repression of the Uyghur ethnicity by means of forced mass detention­—the biggest since the time of Mao. Her name is Gulbahar Haitiwaji and she is the first Uyghur woman to write a memoir about the 'reeducation' camps. For three years Haitiwaji endured hundreds of hours of interrogations, torture, hunger, police violence, brainwashing, forced sterilization, freezing cold, and nights under blinding neon light in her prison cell. These camps are to China what the Gulags were to the USSR. The Chinese government denies that they are concentration camps, seeking to legitimize their existence in the name of the “total fight against Islamic terrorism, infiltration and separatism,” and calls them “schools.” But none of this is true. Gulbahar only escaped thanks to the relentless efforts of her daughter. Her courageous memoir is a terrifying portrait of the atrocities she endured in the Chinese gulag and how the treatment of the Uyghurs at the hands of the Chinese government is just the latest example of their oppression of independent minorities within Chinese borders. The Xinjiang region where the Uyghurs live is where the Chinese government wishes there to be a new “silk route,” connecting Asia to Europe, considered to be the most important political project of president Xi Jinping.




Munich, 1938


Book Description

On September 30, 1938, British Prime Minister Neville Chamberlain flew back to London from his meeting in Munich with German Chancellor Adolf Hitler. As he disembarked from the aircraft, he held aloft a piece of paper, which contained the promise that Britain and Germany would never go to war with one another again. He had returned bringing “Peace with honour—Peace for our time.” Drawing on a wealth of archival material, acclaimed historian David Faber delivers a sweeping reassessment of the extraordinary events of 1938, tracing the key incidents leading up to the Munich Conference and its immediate aftermath: Lord Halifax’s ill-fated meeting with Hitler; Chamberlain’s secret discussions with Mussolini; and the Berlin scandal that rocked Hitler’s regime. He takes us to Vienna, to the Sudentenland, and to Prague. In Berlin, we witness Hitler inexorably preparing for war, even in the face of opposition from his own generals; in London, we watch as Chamberlain makes one supreme effort after another to appease Hitler. Resonating with an insider’s feel for the political infighting Faber uncovers, Munich, 1938 transports us to the war rooms and bunkers, revealing the covert negotiations and scandals upon which the world’s fate would rest. It is modern history writing at its best.




What is Reinsurance?


Book Description

In 1994 a Reinsurance Working Party was set up by AIDA (Association Internationale de Droit des Assurances) with the aim of producing a series of comparative reports considering how particular aspects of reinsurance law operate in a range of jurisdictions.