Documents and publications
The Geneva Papers: Special issue on climate risks and insurance
Source
International Association for the Study of Insurance Economics
ISBN/ISSN/DOI
10.1057/s41288-021-00260-4 (DOI)
Physical climate risks associated with extreme weather events are increasing due to climate change. The past seven years are on track to be the seven warmest on record, and more severe, more frequent extreme events are unfortunately becoming the new norm. The physical climate risks being amplified by this trend are a significant threat to societal resilience and a call for concerted efforts to step up mitigation measures.
The first 2022 issue of The Geneva Papers on Risk and Insurance examines the role insurance can play in managing these risks. The issue comprises an introductory article and seven articles exploring the following themes: the degree to which insurers may be aware of the problem; the promotion of insurance take-up to improve resilience; the efficacy of public-private insurance schemes; and reinsurance and catastrophe bonds as risk-transfer tools.
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1. Extreme events, climate risks and insurance
2. Awareness of climate risks and opportunities: empirical evidence on determinants and value from the U.S. and European insurance industry
3. Setting descriptive norm nudges to promote demand for insurance against increasing climate change risk
4. Insurance against natural catastrophes: balancing actuarial fairness and social solidarity
5. Model assessment of public–private partnership flood insurance systems: an empirical study of Japan
6. Exposure to catastrophe risk and use of reinsurance: an empirical evaluation for the U.S.
7. Risk transfer beyond reinsurance: the added value of CAT bonds
8. Pricing dynamics in the market for catastrophe bonds
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