Environmental Risks and Insurance : A Comparative Analysis of the Role of Insurance in the Management of Environment-Related Risks
Organisation for Economic Co-operation and Development
From the increasing incidence of environmental pollution and soil contamination, to recurring natural disasters, the risks posed by the constant interaction between human activities and the environment are diverse, manifold and often catastrophic in their consequences. Therefore, the elaboration of effective risk-management plans, aimed at formulating viable response strategies, requires the contribution of all the economic actors involved: private parties, financial institutions, governments and international organizations. This report focuses on the role of insurance and reinsurance companies in the management of environmental risks - environmental pollution risk and natural catastrophe risk in particular. It discusses the issue of insurability of such risks, analyses the increasing risk of liability for environmental pollution and the underlying trends in the development of environmental liability regimes in OECD countries. It also presents an overview of the various environmental pollution insurance products and techniques developed in response to legal and factual evolutions. In addition, it describes the special features of natural catastrophe risks, the role of traditional insurance markets in the coverage of such perils, and alternative options of coverage, from governmental disaster schemes to new financial market instruments.
Year of publication: |
2003
|
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Institutions: | OECD (contributor) |
Publisher: |
Paris : OECD Publishing |
Subject: | Versicherung | Insurance | Risiko | Risk | Versicherungsökonomik | Economics of insurance | Umweltbelastung | Pollution | Theorie | Theory | Risikomodell | Risk model | Risikomanagement | Risk management |
Saved in:
Online Resource
Extent: | Online-Ressource (92 p.) ill. |
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Series: | Policy Issues in Insurance ; no.6 |
Type of publication: | Book / Working Paper |
Language: | English |
ISBN: | 978-92-64-10552-2 |
Other identifiers: | 10.1787/9789264105522-en [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10012448741
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