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; Europe ; Germany …This paper provides an overview on the existing systems of natural hazards insurance in Europe, their structural … growing number of natural disasters. Using the case of Germany as an example, the paper demonstrates that the obstacles facing …
Persistent link: https://www.econbiz.de/10009733212
of natural disaster insurance in adapting to climate change. This chapter reviews current challenges in both public and … private natural disaster insurance markets in the United States and how the nature of these challenges has changed over the … complicate both the supply of and demand for natural disaster insurance, with spillovers to related markets such as real estate …
Persistent link: https://www.econbiz.de/10014281392
. This paper analyzes the status, types, and patterns of market-based disaster insurance schemes across emerging and … Institute on Climate Change and the Environment's Disaster Risk Transfer Scheme Database (2012-2018). Our analysis shows that … a wide variety of climate and disaster risks, without demand-side support, many markets are likely to collapse or, at …
Persistent link: https://www.econbiz.de/10012103046
There has been very little research to test whether ambiguity affects individuals' decisions to insure themselves against the catastrophic effects of climate change. This paper attempts to study how individuals respond to the availability of an insurance that would safeguard their interests if a...
Persistent link: https://www.econbiz.de/10012961721
This paper addresses the urbanization of areas exposed to natural disasters and studies its dependency on land-use and insurance policies. The risk-map paradox that we describe explains why an insurance system with simplistic maps and tariffs is the rule. Indeed, in practice we observe simple...
Persistent link: https://www.econbiz.de/10012971784
Climate-related physical risks pose serious concerns for both public and private finances, and it is of utmost importance to contain economic losses when natural catastrophes occur. In this context, the paper models the potential economic impact of currently uninsured floods in the EU. It also...
Persistent link: https://www.econbiz.de/10014465253
.3%-0.4%. Mandatory insurance regimes in Europe absorb the negative short-run effect of a flood, while the National Flood Insurance … proposition that ex ante risk transfer policies are more efficient than ex post disaster relief. -- natural hazards ; growth …
Persistent link: https://www.econbiz.de/10009731161
Persistent link: https://www.econbiz.de/10003465138
The paper analyzes the scope for the private market for pandemic insurance and discusses the potential role of the financial market and the government. Building on a premise that pandemics are classified as catastrophic risks by the insurance industry, we start by providing a framework that...
Persistent link: https://www.econbiz.de/10013237713
We present a theory of the demand for flood insurance and empirically analyze the effects of the adoption of Risk Rating 2.0, using individual insurance histories for all NFIP policies. The reform increased exit and reduced entry, both in the flood zone and its periphery. The reform had highly...
Persistent link: https://www.econbiz.de/10014535316