Insurance models and European climate change policies: an assessment

Porrini, Donatella; Schwarze, Reimund

doi:10.1007/s10657-012-9376-6

Cited by 49 publications

(44 citation statements)

References 15 publications

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“…Flood insurance can also be quasi-compulsory, meaning that the insurance itself is voluntary, but for example, needed for taking up a property mortgage (Smolka, 2006). To explore this, several scholars have carried out 15 comparative reviews of insurance systems in different countries (Bräuninger et al, 2011;Keskitalo et al, 2014;Lamond and Penning-Rowsell, 2014;Paudel, 2012;Porrini and Schwarze, 2014;Suykens et al, 2016).…”

Section: How Does Flood Insurance Work?mentioning

confidence: 99%

“…In France, where flood insurance is compulsory and provided by private companies 10 backed up with a state guarantee (Porrini and Schwarze, 2014), a part of the insurance revenues from natural hazard insurance are transferred to the Major Natural Risk Prevention Fund, also known as the Barnier Fund8. This fund finances actions that decrease the exposure of insurers (Poussin et al, 2013;Suykens et al, 2016).…”

Section: Information and Knowledge Sharing With Governmental Actors mentioning

confidence: 99%

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When is it beneficial for insurers to engage in climate change adaptation – a cross country comparison

Seifert-Dähnn

2017

Preprint

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Abstract. Natural hazard insurance is suggested an important mechanism to boost climate change adaptation and especially flood risk prevention at individual level and thus decrease losses caused by weather-related disasters. But there is a gap between the theoretical potential described by academic scholars and the actual engagement of insurers. In this paper, this issue is analyzed from the insurers perspective and it is discussed under which conditions it becomes profitable for them to engage in climate change adaptation. It is shown that for many adaptation measures high market penetration over a longer time-period 10 is crucial to make investments profitable. This condition if often only fulfilled in compulsory monopoly insurance systems.Risk-based pricing to incentivize decentralized single-property measures, is seldom done in practice. Bundling of several risks, high market competition and increased transaction costs, but also the required high upfront payment of policy-holders are considered as hinders.

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Section: How Does Flood Insurance Work?mentioning

confidence: 99%

Section: Information and Knowledge Sharing With Governmental Actors mentioning

confidence: 99%

When is it beneficial for insurers to engage in climate change adaptation – a cross country comparison

Seifert-Dähnn

2017

Preprint

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“…Key criteria for this Ecology and Society 21(4): 1 http://www.ecologyandsociety.org/vol21/iss4/art1/ Table 1. Existing research (e.g., Michel-Kerjan 2001, Faure 2007b, Botzen and Van Den Bergh 2008, Mehlhorn and Hausmann 2012, Porrini and Schwarze 2014, Priest 2014 provides some examples of indicators, which are herein used to identify and evaluate the current links between recovery and other FRM strategies. Analysis then identifies the extent to which these links are present and effective in practice.…”

Section: Setting the Scene: Resilience And The Trianglementioning

confidence: 99%

“…Flood recovery schemes have already been analyzed in-depth from the perspective of solidarity and accessibility (Faure 2007a, Faure and Bruggeman 2008, Porrini and Schwarze 2014. We present results from the European Union (EU)-funded STAR-FLOOD (Strengthening and redesigning European flood risk practices: towards appropriate and resilient flood risk governance arrangements) project and go a step further to discuss the ways in which the existing ex post compensation schemes in Belgium, the Netherlands, England, and France enhance resilience in combination with existing prevention and mitigation strategies.…”

Section: Introductionmentioning

confidence: 99%

Dealing with flood damages: will prevention, mitigation, and ex post compensation provide for a resilient triangle?

Suykens¹,

Priest²,

Doorn-Hoekveld³

et al. 2016

E&S

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“…For this reason, there has been an increase in the exposition of the territory and the economy towards disaster risks and the role of insurance products is becoming more and more relevant, because they offer an ex-post compensation for possible damages, but also because they incentivize the ex-ante arrangement of appropriate precautionary measures, the so-called risk mitigation (Porrini and Schwarze 2014).…”

Section: Introductionmentioning

confidence: 99%

Vulnerability to Natural Disasters and Insurance: Insights from the Italian Case

Masi

Porrini

2018

IJFS

Self Cite

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Abstract:The aim of this article is to analyze the concept of "vulnerability" to natural disasters, focusing on the specific 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 idea is that its technical content, in terms of a specific definition of vulnerability, may contribute to developing a better consciousness about vulnerability and a larger diffusion of insurance products.

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Insurance models and European climate change policies: an assessment

Cited by 49 publications

References 15 publications

When is it beneficial for insurers to engage in climate change adaptation – a cross country comparison

When is it beneficial for insurers to engage in climate change adaptation – a cross country comparison

Dealing with flood damages: will prevention, mitigation, and ex post compensation provide for a resilient triangle?

Vulnerability to Natural Disasters and Insurance: Insights from the Italian Case

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