Orio Giarini, the developer of an insurance institute, and Siegfried Sellitsch, retired chief executive of Austria's largest insurance group, have been named to the Insurance Hall of Fame, the International Insurance Society Inc. announced.
Mr. Giarini, the first secretary general of the Geneva Association in Switzerland, and Mr. Sellitsch, who is retired from Wiener Staedtische, will be honored July 17 in Chicago at the International Insurance Society's (IIS) annual seminar at the Westin Chicago River North hotel.
IIS said that in Hong Kong it is honoring Arthur Bailey, 1905-1954, for pioneering use of the "Bayesian approach" to credibility theory for property-liability insurance companies.
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