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This market research paper has been prepared under the supervision of Prof. Dr. Wolfgang Veit of TH Köln and Prof. Dr. Carol Scovotti of University of Wisconsin-Whitewater in the course of the inter-university cross-border collaboration student research project “Export Opportunity Surveys (EOS)”. This study explores organic lipstick export opportunities to the German and US markets.
Water shortage and a rising water demand are prevalent issues on the political agenda worldwide. Available water resources must not only be provided to ensure a domestic and drinking water supply for a steadily increasing population but also for the growing industrial and agricultural sectors. This work outlines how the use of the innovative vacuum multi‐effect membrane distillation contributes to improve the water management efficiency in the following key industry sectors: desalination, drinking water and beverage industry, pharmaceutical, agro and chemical as well as oil and gas industry.
Resilience in relation to flood risk management (FRM) is not a new concept, yet parts of the FRM community are still struggling to apply it. The main challenge this study addresses is the question as to whether parts of the FRM community should still adopt, or rather “leap‐frog,” resilience. The main purpose is to evaluate whether resilience is a still on‐going trend or, already subsiding. Research suggests that resilience is an on‐going trend that connects research and policy and has gained international recognition as expressed by international guidelines and bodies promoting its research but also its operationalization. Academic literature in the area of FRM also shows a significant continuing development. Resilience enables to analyze dynamics and transformations of riverine areas, or coastal zones in connection to an integrated social‐environmental system approach with more emphasis and conceptual basis than previous concepts. Resilience is more than a short‐lived notion and it appears that FRM researchers cannot avoid addressing it. Resilience often is a convergence of ideas and mainstreaming of efforts, which in many venues is absolutely necessary and can help, for example, to decrease silo‐thinking. But as academics, we have a mandate to remain skeptical and remain on the look‐out for novel ideas, too.
This article is categorized under:
Engineering Water > Planning Water
The quantification of greenhouse gas emissions from aquatic ecosystems requires knowledge about the spatial and temporal dynamics of free gas in sediments. Freezing the sediment in situ offers a promising method for obtaining gas‐bearing sediment samples, unaffected by changes in hydrostatic pressure and sample temperature during core withdrawal and subsequent analysis. This article presents a novel freeze coring technique to preserve the in situ stratigraphy and gas bubble characteristics. Nondestructive X‐ray computed tomography (CT) scans were used to identify and characterize coring disturbances of gravity and freeze cores associated with gassy sediment, as well as the effect of the freezing process on the gas bubble characteristics. Real‐time X‐ray CT scans were conducted to visualize the progression of the freezing process. Additional experiments were conducted to determine the freezing rate to assess the probability of sediment particle/bubble migration, and gas bubble nucleation at the phase transition of pore water to ice. The performance of the freeze coring technique was evaluated under field conditions in Olsberg and Urft Reservoir (Germany). The results demonstrate the capability of the freeze coring technique for the preservation of gas‐bearing sediments and the analysis of gas bubble distribution pattern in both reservoirs. Nevertheless, the obtained cores showed that nearly all gravity and freeze cores show some degree of coring disturbances.
Anaerobic digestion plants have the potential to produce biogas on demand to help balance renewable energy production and energy demand by consumers. A proportional integral (PI) controller is constructed and tuned with a novel tuning method to control biogas production in an optimal manner. In this approach, the proportional part of the controller is a function of the feeding rate and system's degree of stability. To estimate the degree of stability, a simulation‐based soft sensor is developed. By means of the PI controller, the requirement for gas storage capacity of the digester is reduced by approximately 30 % compared to a constant, continuous feeding regime of the digester.
Grasping and manipulation with anthropomorphic robotic and prosthetic hands presents a scientific challenge regarding mechanical design, sensor system, and control. Apart from the mechanical design of such hands, embedding sensors needed for closed-loop control of grasping tasks remains a hard problem due to limited space and required high level of integration of different components. In this paper we present a scalable design model of artificial fingers, which combines mechanical design and embedded electronics with a sophisticated multi-modal sensor system consisting of sensors for sensing normal and shear force, distance, acceleration, temperature, and joint angles. The design is fully parametric, allowing automated scaling of the fingers to arbitrary dimensions in the human hand spectrum. To this end, the electronic parts are composed of interchangeable modules that facilitate the echanical scaling of the fingers and are fully enclosed by the mechanical parts of the finger. The resulting design model allows deriving freely scalable and multimodally sensorised fingers for robotic and prosthetic hands. Four physical demonstrators are assembled and tested to evaluate the approach.
Ecosystems provide a wide range of goods, services or ecosystem services (ES) to society. Estimating the impact of land use and land cover (LULC) changes on ES values (ESV) is an important tool to support decision making. This study used remote sensing and GIS tools to analyze LULC change and transitions from 2001 to 2016 and assess its impact on ESV in a tropical forested landscape in the southern plains of Nepal. The total ESV of the landscape for the year 2016 is estimated at USD 1264 million year−1. As forests are the dominant land cover class and have high ES value per hectare, they have the highest contribution in total ESV. However, as a result of LULC change (loss of forests, water bodies, and agricultural land), the total ESV of the landscape has declined by USD 11 million year−1. Major reductions come from the loss in values of climate regulation, water supply, provision of raw materials and food production. To halt the ongoing loss of ES and maintain the supply and balance of different ES in the landscape, it is important to properly monitor, manage and utilize ecosystems. We believe this study will inform policymakers, environmental managers, and the general public on the ongoing changes and contribute to developing effective land use policy in the region.
Metallic tubular micro-components play an important role in a broad range of products,
from industrial microsystem technology, such as medical engineering, electronics and optoelectronics, to sensor technology or microfluidics. The demand for such components is increasing, and forming processes can present a number of advantages for industrial manufacturing. These include, for example, a high productivity, enhanced shaping possibilities, applicability of a wide spectrum of materials and the possibility to produce parts with a high stiffness and strength. However, certain difficulties arise as a result of scaling down conventional tube forming processes to the microscale. These include not only the influence of the known size effects on material and friction behavior, but also constraints in the feasible miniaturization of forming tools. Extensive research work has been conducted over the past few years on micro-tube forming techniques, which deal with the development of novel and optimized processes, to counteract these restrictions. This paper reviews the relevant advances in micro-tube fabrication and shaping. A particular focus is enhancement in forming possibilities, accuracy and obtained component characteristics, presented in the reviewed research work. Furthermore, achievements in severe plastic deformation for micro-tube generation and in micro-tube testing methods are discussed.
Sensors can monitor physical attributes and record multimodal data in order to provide feedback. The application calligraphy trainer, exploits these affordances in the context of handwriting learning. It records the expert’s handwriting performance to compute an expert model. The application then uses the expert model to provide guidance and feedback to the learners.
However, new learners can be overwhelmed by the feedback as handwriting learning is a tedious task. This paper presents the pilot study done with the calligraphy trainer to evaluate the mental effort induced by various types of feedback provided by the application. Ten participants, five in the control group and five in the treatment group, who were Ph.D. students in the technology-enhanced learning domain, took part in the study. The participants used the application to learn three characters from the Devanagari script. The results show higher mental effort in the treatment group when all types of feedback are provided simultaneously. The mental efforts for individual feedback were similar to the control group. In conclusion, the feedback provided by the calligraphy trainer does not impose high mental effort and, therefore, the design considerations of the calligraphy trainer can be insightful for multimodal feedback designers.
Multidrug resistance (MDR) in tumors and pathogens remains a major problem in the efficacious treatment of patients by reduction of therapy options and subsequent treatment failure. Various mechanisms are described to be involved in the development of MDR with overexpression of ATP-binding cassette (ABC) transporters reflecting the most extensively studied. These membrane transporters translocate a wide variety of substrates utilizing energy from ATP hydrolysis leading to decreased intracellular drug accumulation and impaired drug efficacy. One treatment strategy might be inhibition of transporter-mediated efflux by small molecules. Isocoumarins and 3,4-dihydroisocoumarins are a large group of natural products derived from various sources with great structural and functional variety, but have so far not been in the focus as potential MDR reversing agents. Thus, three natural products and nine novel 3,4-dihydroisocoumarins were designed and analyzed regarding cytotoxicity induction and inhibition of human ABC transporters P-glycoprotein (P-gp), multidrug resistance-associated protein 1 (MRP1) and breast cancer resistance protein (BCRP) in a variety of human cancer cell lines as well as the yeast ABC transporter Pdr5 in Saccharomyces cerevisiae. Dual inhibitors of P-gp and BCRP and inhibitors of Pdr5 were identified, and distinct structure-activity relationships for transporter inhibition were revealed. The strongest inhibitor of P-gp and BCRP, which inhibited the transporters up to 80 to 90% compared to the respective positive controls, demonstrated the ability to reverse chemotherapy resistance in resistant cancer cell lines up to 5.6-fold. In the case of Pdr5, inhibitors were identified that prevented substrate transport and/or ATPase activity with IC50 values in the low micromolar range. However, cell toxicity was not observed. Molecular docking of the test compounds to P-gp revealed that differences in inhibition capacity were based on different binding affinities to the transporter. Thus, these small molecules provide novel lead structures for further optimization.
Life cycle assessment is a crucial tool in evaluating systems performances for sustainability and decision-making. This paper provided environmental impact of integrating renewable energy systems to the utility-grid based on a baseline optimized energy production data from “HOMER” for renewable systems modelling of a site in northern Nigeria. The ultimate goal was to ascertain the best hybrid option(s) in sustaining the environment. Different assumptions and scenarios were modelled and simulated using Ganzleitlichen Bilanz (GaBi). Uncertainty analysis was ensured to the impact data based on pedigree-matrix and Excel-program, as well as overall policy relevance. The results of the impact categories revealed first scenario (i.e., conventional path-based) with the highest impacts on global warming potential (GWP), acidification potential (AP), human toxicity potential (HTP), and abiotic depletion potential (ADP fossils). The lowest impacts arise in
the renewable-based scenarios for all the considered categories except the Ozone-layer depletion potential Category where the highest contribution falls in the third scenario (i.e., photovoltaic (PV)/biomass-biogas system) although all values being infinitesimal. In quantitative terms, the reduction in the GWP from the highest being the first scenario to the lowest being the fourth scenario (i.e., wind/biomass-biogas system) was 96.5%. Hence, with the outstanding contributions of the hybrid renewable systems, adopting them especially the lowest impact scenarios with expansions is relevant for environmental sustainability.
This contribution deals with the topic of the consistent further development of a wheel hub motor for battery electric vehicles (BEV) based on the principle of an outer rotor switched reluctance machine (SRM). The research work presented in this paper was founded by the ERDF.NRW program, Investment for Growth and Employment and the European Regional Development Fund. The R&D project was named Switched - Reluctance fo(u)r wheel (SR4Wheel). Based on the experience made by first prototype Evolution 0 (EVO 0), developed in the Laboratory for Automation Engineering, Power Electronics and Electrical Drives of the Cologne University of Applied Sciences (CUAS), the test results of EVO 1, as well as the redesign, EVO 2 is presented in this paper.
The prototype EVO 0, a first proof of concept leads to several optimizations and lessons learned for the predecessor model EVO 1. The overall target of developing such a gearless outer rotor wheel hub motor is the full integration of the complete machine including its power electronics into the given space between the original friction brake and the rim. Furthermore, due to the additional integration of the power electronics, great opportunities in terms of new vehicle design as well as retrofitting capabilities of already existing vehicle platforms can be achieved. Thereby, further drive train assembly space like the engine compartment is no longer necessary. The SRM does not require magnets for torque production which leads to independence from the changeable commodity prices on the rare earth element markets. This paper presents the developing process, testing, and verification of the innovative drive train concept starting with the final CAD of EVO 1. During the testing and verification process a machine characteristic mapping is performed on a drive train test bench and subsequently the results of a finite element analysis (FEA) are plausibility checked by the test bench results. The process continues with energy conversion test scenarios of the project demonstrator vehicle on a roller test bench focused on noise vibrationharshness (NVH) behavior and efficiency. As a conclusion, the gained knowledge by evaluating two EVO 1 prototypes on the rear axle of the test vehicle, and the design for the front axle drive train EVO 2 will be presented. As a major task on the front axle, the limited space due to the large disc brake can be identified and solved.
Im Blickpunkt stehen ältere Menschen, die in ihrer privaten Lebensführung zurückgezogen leben, wenig in lokale Beziehungsnetzwerke involviert sind und die von Informationen und Angeboten der Altenhilfeträger bisher nicht erreicht werden. Für diese Menschen wurde die Idee einer „kommunikativen Informationsinfrastruktur“ im Sozialraum des Wohnviertels und Stadtteils entwickelt. Mit dem Infrastrukturmodell soll vermieden werden, dass solche Personen unerkannt in Notsituationen geraten, aber auch sichergestellt werden, dass sie kontinuierlich über Gelegenheiten zur erfolgreichen Bewältigung ihrer Lebenssituation informiert werden. Das Buch beschreibt das entwickelte Modell und die Erfahrungen mit der praktischen Umsetzung. Das Modell zeigt Perspektiven für die Sozialplanung auf, dass zwischen privater Lebensführung im Alter und öffentlicher Daseinsvorsorge der Altenhilfe wirkungsvoll vermittelt werden kann. Zurückgezogen lebende ältere Menschen werden aus dem lokalen Umfeld unterstützt, sich umfassend zu informieren und Chancen zur Mitgestaltung von Angeboten gemäß ihren Bedürfnissen wahrzunehmen.
Achieving urban water security is a major challenge for many countries. While several studies have assessed water security at a regional level, many studies have also emphasized the lack of assessment of water security and application of measures to achieve it at the urban level.
Recent studies that have focused on measuring urban water security are not holistic, and there is still no agreed-upon understanding of how to operationalize and identify an assessment framework to measure the current state and dynamics of water security. At present, there is also no clearly defined and widely endorsed definition of urban water security. To address this challenge, this study provides a systematic approach to better understand urban water security, with a working definition and an assessment framework to be applied in peri-urban and urban areas. The proposed working definition of urban water security is based on the United Nations (UN) sustainable development goal on water and sanitation and the human rights on water and sanitation. It captures issues of urban-level technical, environmental, and socio-economic indicators that emphasize credibility, legitimacy, and salience.
The assessment framework depends on four main dimensions to achieve urban water security: Drinking water and human beings, ecosystem, climate change and water-related hazards, and socio-economic factors (DECS). The framework further enables the analysis of relationships and trade-off between urbanization and water security, as well as between DECS indicators. Applying this framework will help governments, policy-makers, and water stakeholders to target scant resources more eff ectively and sustainably. The study reveals that achieving urban water security requires a holistic and integrated approach with collaborative stakeholders to provide a meaningful way to improve understanding and managing urban water security.
Proceedings des Researchers‘ Corner zur 12. Jahrestagung des Förderkreises Rückversicherung 2019
(2019)
Am 5. Juli 2019 fand die 12. Jahrestagung des Förderkreises Rückversicherung in Niederkassel bei Köln statt. Etwa 80 Repräsentanten der in dem Förderkreis mitwirkenden (Rück-) Versicherungsunternehmen und Gäste nahmen daran teil. Im Rahmen der Jahrestagung wurde zum fünften Mal der Researchers‘ Corner durchgeführt, in dessen Verlauf acht der in der Kölner Forschungsstelle
Rückversicherung beschäftigten wissenschaftlichen Mitarbeiter*innen einen Vortrag zu dem jeweilig aktuell bearbeiteten Forschungsprojekt hielten.
In drei Sessions – mit je 2-3 parallel gehaltenen Vorträgen mit Poster – wurden die wichtigsten Ergebnisse der wissenschaftlichen Untersuchungen der Kölner
Forschungsstelle Rückversicherung präsentiert und diskutiert. Die Heterogenität der vorgetragenen Themen der wissenschaftlichen Mitarbeiter*innen spiegelt die
Verzahnung der Kölner Forschungsstelle mit der Rückversicherungspraxis wider.
Session 1
a) Manuel Dietmann (M.Sc.): Zunehmende Bedeutung der
Risikomanagementfunktion in Versicherungsunternehmen
b) Robert Joniec (M.Sc., FCII, cand. PhD): Wie geht es dem Rückversicherungs-Zyklus?
c) Wolfgang Koch (M.Sc., FCII): Informationsasymmetrien
zwischen Rückversicherungsmaklern und Zedenten
Session 2
a) Jörg Dirks (M.Sc., FCII): Unbemannte Fluggeräte
– Evolution des Luftfahrt-(Rück-)Versicherungsmarktes
b) Fabian Lassen (M.Sc., FCII): Senkung der Volatilität durch Einsatz eines versicherungstechnischen Swaps
c) Fabian Pütz (M.Sc., cand. PhD): Transfer von Cat-Risiken von Schwellenländern aus volkswirtschaftlicher Perspektive
Session 3
a) Kai-Olaf Knocks (M.A., FCII): Der ILS-Markt 2019 – abgeschreckt oder abwartend?
b) Lihong Wang (M.Sc., FCII, cand. PhD): China InsurTech Development
Mit der Veröffentlichungsreihe „Proceedings des Researchers‘ Corner“ entspricht die Kölner Forschungsstelle Rückversicherung dem Wunsch, die
Forschungsergebnisse unserer Wissenschaftler*innen sowie die entsprechenden Poster und Diskussionen zu publizieren. Dabei werden die Titel gemäß der oben
aufgeführten Agenda des Researchers‘ Corner der 12. Jahrestagung des Förderkreises Rückversicherung wiedergegeben. Im Rahmen der Veranstaltung führte Herr Prof. Materne des Weiteren ein Interview mit Herrn Ingo Wichelhaus (Senior Director, Mount Street) zum Thema Risiko- und Portfoliomanagement. Hierbei wurde insbesondere auf das breite Risikospektrum von Finanzierungen im Schifffahrtssektor eingegangen.
Unser Dank gilt den Fördermittelgebern, die sowohl diese Veranstaltung als auch die Forschung der Wissenschaftler*innen erst ermöglichen.
The 12th Annual Meeting of the Sponsoring Group Reinsurance [Förderkreis Rückversicherung] was held 5th July 2019 in Niederkassel, near Cologne. Some 80
representatives of the (re)insurance companies involved in the Sponsoring Group took part in the meeting, along with guests. Offered for the fifth time as part of the
Annual Meeting, the Researchers’ Corner gave eight members of academic staff at the Cologne Research Centre for Reinsurance an opportunity to deliver a presentation on their respective current research projects. In three sessions – each featuring 2-3 parallel lectures with posters – the most important results of the scientific studies by the Cologne Research Centre for Reinsurance were presented and discussed. The heterogeneity of the topics presented by academic staff reflects the dovetailing of Cologne Research Centre with reinsurance practice.
Session 1
a) Manuel Dietmann (M.Sc.): The increasing importance of the riskmanagement function in insurance companies
b) Robert Joniec (M.Sc., FCII, cand. PhD): How is the reinsurance cycle doing?
c) Wolfgang Koch (M.Sc., FCII): Information asymmetries between reinsurance brokers and assignors
Session 2
a) Jörg Dirks (M.Sc., FCII): Unmanned aircraft – Evolution of the market for aviation (re-)insurance
b) Fabian Lassen (M.Sc., FCII): Reducing volatility through use of an insurance swap
c) Fabian Pütz (M.Sc., cand. PhD): Transferring cat risks from emerging markets from a macroeconomic perspective Session 3
a) Kai-Olaf Knocks (M.A., FCII): The ILS market in 2019 – discouragement or wait-and-see?
b) Lihong Wang (M.Sc., FCII, cand. PhD): China InsurTech development
With the publication series, ‘Proceedings of the Researchers’ Corner’, the Cologne Research Centre for Reinsurance meets the desire for publication of the research results of our scholars together with the accompanying posters and discussions. The titles are reproduced in keeping with the above agenda of the Researchers’ Corner for the 12th Annual Meeting of the Sponsoring Group Reinsurance. As part of the event, Prof. Materne also conducted an interview with Mr Ingo Wichelhaus (Senior Director, Mount Street) on the topic of risk management and portfolio management. Particular attention was devoted to the broad spectrum of risk for financing in the shipping sector.
Durch das permanente Wachstum der Weltbevölkerung wird der Bedarf von Textilien stetig steigen. Die Produktvielfalt sowie der Konsum der Textilien werden immer größer. Die aktuellen Recyclingtechniken ermöglichen es nicht, den Rohstoffkreislauf für Textilien zu schließen. Dies liegt auch darin begründet, dass derzeit große Mengen der Textilien aus Mischgeweben zwischen Baumwolle und PET bestehen. Die Trennung dieser Komponenten ist jedoch eine Grundvoraussetzung für die Entwicklung eines geschlossenen Rohstoffkreislaufs und stellt gleichzeitig eine große Herausforderung für das Recycling dar. Durch chemische Recyclingverfahren können die Rohstoffe getrennt, aufbereitet und in die Textilproduktion zurückgeführt werden. In dieser Arbeit wird aufgezeigt, wie ein chemischer Recyclingprozess, der einen geschlossenen Rohstoffkreislauf erlaubt, technisch realisiert werden kann. Der Prozess erzeugt eine PET-Fraktion und eine Celluloselösung, die in weiteren Verarbeitungsschritten zu einer Regeneratfaser versponnen wird. In dieser frühen Projektphase werden in dieser Arbeit ebenfalls die Investitionsausgaben und die Herstellungskosten für das Verfahren abgeschätzt.
Die vorliegende Masterarbeit behandelt die Bewertung der eingegangenen Unternehmensrisiken im Rahmen der Lebensversicherung und die hiervon abgeleiteten Auswirkungen zur Unternehmenssteuerung.
Dabei wird einerseits die Angemessenheit der sog. „Standardformel“ nach Solvency II überprüft, die in den europäischen Mitgliedsstaaten einen weitestgehend einheitlichen Ansatz bei der Bewertung der Risiken von Versicherungsunternehmen verwendet. Andererseits werden unter ökonomischen Überlegungen versicherungsmathematische Methoden vorgestellt, wie ein Lebensversicherer seine Risiken unternehmensindividueller ermitteln und damit seinen tatsächlichen Risikokapitalbedarf bestimmen kann.
Zur Quantifizierung der Ergebnisse werden die Berechnungsvorgaben der Standardformel für ausgewählte Risikomodule nachgebildet und mit den in dieser Arbeit vorgestellten unternehmensindividuellen Berechnungen verglichen und analysiert. Es zeigt sich, dass trotz der Komplexität des Solvency II-Modells eine noch differenziertere Herangehensweise notwendig ist, damit ein einzelnes Unternehmen seine Risiken adäquat und möglichst individuell bestimmen kann. Zur Gewährleistung einer nicht bestandsgefährdenden Unternehmensfortführung müssen die Versicherungsunternehmen bei Betrachtung ihrer Risiken mithilfe des EU-weiten Aufsichtssystems Solvency II in der Lage sein, die korrekten Rückschlüsse zur Unternehmenssteuerung zu ziehen. Die in dieser Arbeit vorgestellten versicherungsmathematischen Ansätze können dabei den Prozess zur unternehmenseigenen Risiko- und Solvabilitätsbeurteilung (ORSA) unterstützen.
The reinsurance market continues to face major challenges – at this point we would like to outline just two of these. While renewal of the reinsurance contracts as at 1st January 2019 was largely ‘riskadjusted flat’, renewal of the retrocession contracts was decidedly late. As at the date when this Annual Report 2018 went to press (2nd January 2019), the final trend is still not yet discernible. However, there are signs of a substantial hardening in prices and conditions in the retrocession area. Reinsurers, which are depend on the resource of retrocession capacity, would then be placed in an even more difficult position of increasing the price of retrocession, yet these additional costs cannot be passed on to the assignors under their active reinsurance contracts. Not least the German Federal Financial Supervisory Authority [BaFin] is also certain to set its sights on this aspect in its analysis of the prevailing reinsurance price level, which has been announced for 2019. Of particular interest with regard to a potential determination of insufficient market conditions would also be the resulting reaction by BaFin (and the basis on which this would occur). A decisive factor for a possible strengthening of the retrocession market would be a changed attitude on the part of alternative capital, which in recent years already provided 50-70% of the retrocession capacity – and rising – via ILS funds and other mechanisms. Unlike traditional reinsurers, ‘innocent investors’ such as pension funds were increasingly nervous as a result of the high number of claims again in 2018 – particularly the California wildfires in Q4 2018 – as well as the drop in the fund share price of numerous ILS funds prior to the renewal at 1st January 2019.
A further substantial burden on the business climate lies in the utter ambiguity with regard to the modalities of Brexit on 29th March 2019. A no-deal Brexit would seem to be a real – and perhaps even a probable – alternative. This would create a large vacuum
in legal certainty by eliminating many EU-UK contracts and agreements. The Cologne Research Centre for Reinsurance analyses the latest developments in the reinsurance market and, where appropriate, monitors these through research projects. In the process, the Cologne Research Centre for Reinsurance links its research activities with practices in the reinsurance sector. Hereby, and facilitated through organisation
of the annual Cologne Reinsurance Symposium and the Annual Meeting of the Sponsoring Group Reinsurance [Förderkreis Rückversicherung], a bi-directional
transfer of knowledge between theory and practice is pursued. The content of these two scientific events, as well as the completed research projects, are incorporated into scholarship and instruction at the Institute of Insurance Studies, rounding out practice-oriented training in the field of reinsurance.
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Currently, there are nine researchers and two employees responsible for science management on the staff of the Cologne Research Centre for Reinsurance. Thereby, all
material and personnel costs are fully financed by third-party funds provided by the Sponsoring Group Reinsurance.
We want to thank the Sponsoring Group Reinsurance, the University leadership and administration, ivwKöln [the Institute of Insurance Cologne] and the employees of the
Cologne Research Centre for Reinsurance for all their support for the research projects and events of the past year.
Der Rückversicherungsmarkt steht auch weiterhin vor großen Herausforderungen –
an dieser Stelle sollen nur zwei von diesen kurz angerissen werden.
Während die Erneuerung der Rückversicherungsverträge zum 1. Januar 2019 weitestgehend ‚risk adjusted flat‘ verlief, erfolgte die Erneuerung der Retrozessionsverträge ausgesprochen spät. Zum Zeitpunkt der Drucklegung dieses Jahresberichts 2018 (2. Januar 2019) ist der schlussendliche Trend noch nicht erkennbar. Es gibt jedoch Anzeichen für eine substantielle Preis- und Bedingungsverhärtung im Retrozessionsbereich. Dies würde dann die Rückversicherer, die von der Ressource Retrozessionskapazität abhängen, in die noch schwierigere Lage bringen, dass sich die
Retrozessionsnahme verteuert, diese Mehrkosten jedoch an die Zedenten unter ihren aktiven Rückversicherungsverträgen nicht weitergegeben werden können. Nicht zuletzt die BaFin wird sich in der für 2019 angekündigten Analyse des herrschenden
Rückversicherungspreisniveaus sicherlich auch diesem Aspekt widmen. Von Interesse wäre bezüglich der etwaigen Feststellung von insuffizienten Marktverhältnissen
insbesondere auch die daraus abgeleitete Reaktion der BaFin (und auf welcher Basis diese erfolgen würde).
Ausschlaggebend für eine mögliche Verhärtung des Retrozessionsmarktes wäre eine geänderte Haltung des Alternative Capitals, das in den letzten Jahren über ILS
Funds und andere Mechanismen bereits 50-70 % der Retrozessionskapazität – mit jeweils steigender Tendenz – zur Verfügung gestellt hat. Im Gegensatz zu den traditionellen Rückversicherern zeigten sich die ‚Innocent Investors‘ wie Pension Funds infolge der hohen Anzahl von Schäden auch in 2018 – insbesondere der California Wildfires in Q4-2018 – sowie des Verfalls des Fund Share Price zahlreicher ILS Funds vor der Erneuerung zum 1. Januar 2019 zunehmend nervös.
Eine weitere substantielle Belastung des Geschäftsklimas liegt in der völligen Unklarheit hinsichtlich der Modalitäten des Brexits am 29. März 2019 begründet. Ein
No-Deal Brexit erscheint eine reale – wenn nicht sogar wahrscheinliche – Alternative.
Dieser würde durch den Wegfall vieler EU-UK Verträge und Vereinbarungen ein großes Vakuum hinsichtlich Rechtssicherheit entstehen lassen.
Die Kölner Forschungsstelle Rückversicherung analysiert die aktuellen Entwicklungen des Rückversicherungsmarktes und begleitet diese gegebenenfalls durch Forschungsprojekte. Dabei verbindet die Kölner Forschungsstelle Rückversicherung ihre Forschungsaktivitäten mit der Rückversicherungspraxis. Hiermit und mit Hilfe der Durchführung des jährlichen Kölner Rückversicherungs-Symposiums und der
Jahrestagung des Förderkreises Rückversicherung wird ein bidirektionaler Wissenstransfer zwischen Theorie und Praxis betrieben.
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Die Inhalte dieser beiden wissenschaftlichen Veranstaltungen sowie die bearbeiteten
Forschungsprojekte fließen in die Lehre an dem Institut für Versicherungswesen ein und komplettieren so die praxisorientierte Ausbildung in dem Bereich der Rückversicherung. In der Kölner Forschungsstelle Rückversicherung sind derzeit neun forschende und
zwei für das Wissenschaftsmanagement zuständige Mitarbeiterinnen und Mitarbeiter beschäftigt. Dabei werden sämtliche Personal-, Sach- und Reisekosten vollständig aus Drittmitteln des Förderkreises Rückversicherung finanziert. Dem Förderkreis Rückversicherung, der Hochschulleitung und –verwaltung, ivwKöln sowie den Mitarbeitern der Kölner Forschungsstelle Rückversicherung gilt unser Dank
für die Unterstützung der Forschungsprojekte und Veranstaltungen im vergangenen Jahr.