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. This paper analyzes the status, types, and patterns of market-based disaster insurance schemes across emerging and … developing countries in Asia. We provide a snapshot of the current use of insurance based on data from Grantham Research …In recent years, insurance against natural disasters has gained recognition as an important tool for climate risk …
Persistent link: https://www.econbiz.de/10012103046
. This paper analyzes the status, types, and patterns of market-based disaster insurance schemes across emerging and … developing countries in Asia. We provide a snapshot of the current use of insurance based on data from Grantham Research …In recent years, insurance against natural disasters has gained recognition as an important tool for climate risk …
Persistent link: https://www.econbiz.de/10014095405
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 …
Persistent link: https://www.econbiz.de/10011883253
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 …
Persistent link: https://www.econbiz.de/10014465253
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 …
Persistent link: https://www.econbiz.de/10010517703
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 … market for natural disaster insurances, in the way that it acts as an obstacle for the proper diffusion and therefore the …
Persistent link: https://www.econbiz.de/10009729295
.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 …
Persistent link: https://www.econbiz.de/10009731161
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 …
Persistent link: https://www.econbiz.de/10009733212
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 policies, consisting of a prohibited red zone and a zone without insurance …
Persistent link: https://www.econbiz.de/10012971784
This paper is an overview of how insurance instruments could be used in Indonesia to improve disaster risk finance (the … arrangements for managing the financial consequences of disaster). We review the policy and research literature to describe the … community mapping movement to fill in some of the major gaps in data that hinder the assessment of disaster risks. We argue that …
Persistent link: https://www.econbiz.de/10012849913