The first diamond open access journal has launched for catastrophe risk and resilience research; some of its founding members include AXA XL, MS Amlin, WTW and Flood Re.
A not-for-profit publication, the Journal of Catastrophe Risk and Resilience (JCRR) is a free, online digital journal that has been designed to enable an open and transparent exchange of research, knowledge and ideas between academia, finance and beneficiaries in vulnerable countries on the global challenges presented by natural hazards and climate change.
It is supported by a number of organisations from across academia and the private sector. Its founding member organisations include commercial re/insurer AXA XL; specialty re/insurer MS Amlin; flood reinsurance scheme Flood Re; re/insurer Renaissance Re; and advisory and broking firm WTW.
Other founding members are Fathom; Lighthill Risk Network representing Lloyd’s, Hiscox, Guy Carpenter, Aon, Liberty Mutual Syndicate; Hiscox; and JBA Risk Management.
Representatives, including experts in risk modelling and multi-peril natural hazard research, from these supporting institutions make up the independent Editorial Board and Supervisory Board.
The journal has a broad remit encompassing natural hazards and catastrophe risk, and the societal and institutional response to the management of such events.
Opened now for submissions, JCRR aims to publish multi-peril peer-reviewed research from experts around the world, with a goal to accelerate the application of cutting edge research and encourage debate and discussion.
It is seeking submissions on the monitoring and modelling of hazards; exposure and vulnerability; catastrophe risk management; and mitigation and adaptation strategy design by governments, NGOs, and businesses.
Kirsten Mitchell-Wallace, Director of Portfolio Risk Management, Lloyd’s of London, commented: “In an era of unprecedented risk and uncertainty, risk management and insurance are more important than ever.
“This journal – offering both a platform to access new ideas, and standard for best practice in the industry – therefore couldn’t be more timely. It will help encourage the collaboration between academia and insurance that will enable us to build a more resilient world.”
She continued: “All of us in the insurance industry are excited to see how this new wave of research informs both our underwriting and our understanding of risk in the months and years ahead.”
