2021
DOI: 10.17221/199/2020-jfs
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Possibilities of forest property insurance against the risk of fire in Slovakia

Abstract: Fire is considered one of the major natural hazards that damages European forests and causes losses for forest owner. The forest fires endanger the financial stability of forest enterprises, which may cause their economic decline. One possibility how to cover these losses is to insure forest land against this kind of specific risk of forest land management. The aim of the present paper is to analyse possibilities of forest fire insurance for forest owners and enterprises in the Slovak private insurance market.… Show more

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Cited by 3 publications
(3 citation statements)
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“…Estimating return intervals of extreme events is an important foundation for considerations of insurance (Embrechts et al., 1997). While forest insurance is more common in Fennoscandia there is currently a low prevalence of forest insurance in Central Europe (Brunette et al., 2015; Korená Hillayová et al., 2021). The return intervals of extreme events provided here could help in making insurance considerations more tangible also for the Alps.…”
Section: Discussionmentioning
confidence: 99%
“…Estimating return intervals of extreme events is an important foundation for considerations of insurance (Embrechts et al., 1997). While forest insurance is more common in Fennoscandia there is currently a low prevalence of forest insurance in Central Europe (Brunette et al., 2015; Korená Hillayová et al., 2021). The return intervals of extreme events provided here could help in making insurance considerations more tangible also for the Alps.…”
Section: Discussionmentioning
confidence: 99%
“…We observe that the literature mainly focuses on insurance against wildfire [17,19,23,26,30,33,37,39,[45][46][47]49,50]. This risk is at the origin of this literature on forest insurance since the seminal papers [45,47,49,50] focus on wildfire insurance in the U.S. and Japan.…”
Section: The Risks Considered: From Wildfire In Us To Storm In Europementioning
confidence: 99%
“…The first articles in the database are [45] and [47]. However, the literature also covers other countries such as Spain [23], Italy [25], China [21,29,36], Sweden [44], Slovakia [8,46], Germany [16,33], Ghana [38], Brazil [24,40], Portugal [17], Honduras [42,43], Japan [50], France [19,22,30], Switzerland [35,53] and New Zealand [6]. At the continental level, 13 articles related to Europe, 4 to Asia, 9 to North America, 4 to South America, 1 to Oceania and 1 to Africa.…”
Section: The Countries Where Forest Insurance Is An Issue: Europe ...mentioning
confidence: 99%