natural catastrophes. Amidst budgetary cuts, there is a growing concern on societies' ability to design solvent disaster … objectives through the provision of (catastrophic) natural hazard insurance. This is the case of many OECD countries, notably … hazard insurance develop. This paper has a dual objective: 1) review the complex legal background that rules the provision of …

natural catastrophes. Amidst budgetary cuts, there is a growing concern on societies' ability to design solvent disaster … objectives through the provision of (catastrophic) natural hazard insurance. This is the case of many OECD countries, notably … hazard insurance develop. This paper has a dual objective: 1) review the complex legal background that rules the provision of …

population. There is a widespread perception that property insurance is the most efficient and economical way to protect against … financial losses caused by natural disasters. Regardless of this fact, in many countries in the world, insurance against natural … suggest that the insura- nce of catastrophic risks should be organized as compulsory insurance for households in urban areas …

case of the Italian earthquake insurance. In this sense, we examine in detail the vulnerability definition and its … relevance for citizens and for insurance companies. Then we investigate the Italian insurance market characterized by a very low … penetration of natural disasters insurance and the potential effects of a recent Government initiative called “Sisma Bonus”. The …

minimum level of flood insurance penetration, and the resulting increment in total premiums required to achieve this objective … insurance protection. Third, the paper proposes a stylised approach to quantify economic losses associated with uninsured flood … events at different levels of insurance penetration, allowing to take into account that insurance protection could be partly …

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 explains theoretically how the catastrophe insurance supply and demand depend …

. Although there is no doubt that solidarity and some sort of assistance is reasonable, the question arises why these damages … were not sufficiently insured. One explanation why individuals reject to obtain insurance cover against natural hazards is … gives an economic analysis of the institutional arrangements on the market for natural disaster insurances focusing on …

.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 … ; insurance ; dynamic panel GMM …

This paper provides an overview on the existing systems of natural hazards insurance in Europe, their structural … system change are numerous, including failure to recognise the role of state guarantees in enabling private insurance markets …, mistaken legal objections against mandatory insurance, distributional conflicts between central and state governments and re …

. This paper analyzes the status, types, and patterns of market-based disaster insurance schemes across emerging and …In recent years, insurance against natural disasters has gained recognition as an important tool for climate risk … management that could, if carefully implemented, help increase the resilience of those insured. In response, insurance solutions …