Two Inducted Into Insurance Hall of Fame

Hans Gerling, a former senior executive of Gerling Group, and Jose Pinera, the author of Chile’s private national pension system, have been inducted into the International Insurance Society’s Insurance Hall of Fame.

Gerling was honored posthumously for the contributions he made to the reconstruction of the West German economy and the Gerling Group after World War II.

Pinera was recognized for creating a private pension system that was implemented in Chile in the 1980s and adopted by several other countries as an alternative or supplemental system to state-based plans. Pinera is the founder and president of the International Center for Pension Reform in Chile, and is the co-chair of the Washington-based Cato Institute’s Project on Social Security Privatization.