Climate risk management with insurance or tax-exempted provisions? An empirical case study of hail and frost risk for wine and apple production in Styria

Simbürger, Markus; Dreisiebner-Lanz, S.; Kernitzkyi, Michael; Prettenthaler, Franz

doi:10.1016/j.ijdrr.2022.103216

Cited by 7 publications

(2 citation statements)

References 28 publications

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“…Such phenomena of climate change in Europe are described in the work of Marie Van Espen (2023) in [52], where it is shown that the most critical changes occur precisely in the southern countries of Europe. In addition, according to Markus Simbürger (2022) in [53], a characteristic feature of climate change during global warming is the high risk of frosts in the spring, which can have a critical effect on plants. Accordingly, it is not certain stable temperatures throughout the year that are important for urban farming, but the promotion of vegetation in the spring and, to a lesser extent, in the fall, in order to achieve the maximum ripening of the crop.…”

Section: Discussionmentioning

confidence: 99%

European Green Deal: Satellite Monitoring in the Implementation of the Concept of Agricultural Development in an Urbanized Environment

Opryshko,

Pasichnyk,

Kiktev

et al. 2024

Sustainability

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To improve energy and environmental security in urban environments and in accordance with the requirements of the EU, the task of sustainable developing agriculture in urban agglomerations and monitoring it using satellite images becomes relevant. The aim of the work is the development of methods and means for determining stable islands of thermal energy to substantiate the optimal locations for plant growing practices in the metropolis. The research was conducted in Kyiv, the largest metropolis of Ukraine. Data from the Landsat 8 and 9 satellites were used because of the free data and they have better spatial resolution and an available archive of observation results. It was established that the temperature map of the city of Kyiv shows differences in temperature between different parts of the city, probably due to the presence of different sources of heat radiation. It is obvious that the standard deviation of the temperature in the plots depends on many factors, in particular, the season and the type of land use. It is necessary to find alternative solutions for the development of crop production in this area, taking into account the characteristics of thermal emissions. Based on software products from free satellite monitoring providers, EO Browser, a specialized software solution (web application) has been created for monitoring agricultural plantations in an urban environment. A collection of LANDSAT 8 satellite images was used. Areas with stable heat emissions were found, which are due to the operation of a modern shopping and entertainment center, and non-traditional crops for landscaping adapted to its design are proposed. As a result of research, strong heat emissions were recorded for some objects, for them the temperature exceeds the surrounding area by 4 °C, while the minimum standard deviation in January is 0.5 °C, the maximum in July is 2.8 °C, in April and October—1.7 °C and 1.2 °C, respectively.

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Section: Discussionmentioning

confidence: 99%

European Green Deal: Satellite Monitoring in the Implementation of the Concept of Agricultural Development in an Urbanized Environment

Opryshko,

Pasichnyk,

Kiktev

et al. 2024

Sustainability

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“…This poses a daunting challenge for insurance managers due to its variability in both time and space and the fact that its occurrences are relatively local and ubiquitous. Hail risk in agricultural insurance has been analyzed in previous studies, such as Portmann et al (2023), Simbürger et al (2022), and Reyes et al (2020). While hailstorms can be highly damaging to crops, their evolution under global warming has seldom been studied.…”

Section: Introductionmentioning

confidence: 99%

Impact Assessment of Climate Change on Hailstorm Risk in Spanish Wine Grape Crop Insurance: Insights from Linear and Quantile Regressions

Zhou,

Vilar-Zanón

2024

Risks

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There is growing concern that climate change poses a serious threat to the sustainability of the insurance business. Understanding whether climate warming is a cause for an increase in claims and losses, and how this cause–effect relationship will develop in the future, are two significant open questions. In this article, we answer both questions by particularizing the geographical area of Spain, and a precise risk, hailstorm in crop insurance in the line of business of wine grapes. We quantify climate change using the Spanish Actuarial Climate Index (SACI). We utilize a database containing all the claims resulting from hail risk in Spain from 1990 to 2022. With homogenized data, we consider as dependent variables the monthly number of claims, the monthly number of loss costs equal to one, and the monthly total losses. The independent variable is the monthly Spanish Actuarial Climate Index (SACI). We attempt to explain the former through the latter using regression and quantile regression models. Our main finding is that climate change, as measured by the SACI, explains these three dependent variables. We also provide an estimate of the increase in the monthly total losses’ Value at Risk, corresponding to a future increase in climate change measured in units of the SACI. Spanish crop insurance managers should carefully consider these conclusions in their decision-making process to ensure the sustainability of this line of business in the future.

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Tsunami insurance portfolio optimization for coastal residential buildings under non-stationary sea level rise effects based on sample average approximation

Alhamid,

Akiyama,

Koshimura

et al. 2023

Stoch Environ Res Risk Assess

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Climate risk management with insurance or tax-exempted provisions? An empirical case study of hail and frost risk for wine and apple production in Styria

Cited by 7 publications

References 28 publications

European Green Deal: Satellite Monitoring in the Implementation of the Concept of Agricultural Development in an Urbanized Environment

European Green Deal: Satellite Monitoring in the Implementation of the Concept of Agricultural Development in an Urbanized Environment

Impact Assessment of Climate Change on Hailstorm Risk in Spanish Wine Grape Crop Insurance: Insights from Linear and Quantile Regressions

Tsunami insurance portfolio optimization for coastal residential buildings under non-stationary sea level rise effects based on sample average approximation

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