The Insurance Market of Natural Hazards for Residential Properties in Italy

Gizzi, Fabrizio Terenzio; Potenza, Maria Rosaria; Zotta, Cinzia

doi:10.4236/ojer.2016.51004

Cited by 23 publications

(17 citation statements)

References 37 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This aspect is essential for both public and private sectors of the insurance business (e.g. Gizzi et al, 2016). Towards these ends and for better quality of live for all countries in the world, more research on global natural disaster impacts and their assessment, prevention, mitigation, and recovery is much warranted.…”

Section: Conclusion and Discussionmentioning

confidence: 99%

Spatial–Temporal snapshots of global natural disaster impacts Revealed from EM-DAT for 1900-2015

Shen

Hwang

2019

Geomatics, Natural Hazards and Risk

View full text Add to dashboard Cite

Natural disasters causing human, economic, or environmental losses include all types of geophysical, meteorological, hydrological, climatological, or biological events that disturb human and natural environments. Emergency preparedness for, response to, mitigation of, and recovery from natural disasters that are bases for sustainable development requires sound impact assessments at proper spatial and temporal scales. This research provides spatial-temporal views of world natural disasters recorded in the EM-DAT database for the period of 1900-2015. Views of natural disaster impacts in terms of human fatalities, injuries, affected, and property damages are summarized and ranked at the world, continent, and country levels and by decade and the whole period. Top 10, 20, and 30 out of 221 countries are highlighted and referenced with the world totals. Correlates of country disaster impacts with social-economic attributes are explored. While countries with significant disaster impacts are found in all continents, large developing countries (e.g. China, India) or developed countries (e.g. United States, Germany) lead the global natural disaster hotspots, which are small in numbers but large in total disaster losses. Such global inter-country views of natural disaster impacts provide useful insights for sustainability policymaking relevant to international and national humanitarian efforts towards natural disasters.

show abstract

Section: Conclusion and Discussionmentioning

confidence: 99%

Spatial–Temporal snapshots of global natural disaster impacts Revealed from EM-DAT for 1900-2015

Shen

Hwang

2019

Geomatics, Natural Hazards and Risk

View full text Add to dashboard Cite

show abstract

“…The voluntary market (M3) has a much broader scope of penetration rates ranging from less than 10% in Bulgaria, Greece or Italy (43,75,80) to 30-40% in Germany due to the presence of voluntary opt-outs (15,78) ; meanwhile, flood coverage is virtually non-existent in the Netherlands (78) . Therefore, for M3, the establishment of a consistent pattern for penetration rates for the countries as a whole is difficult.…”

Section: Si812 Evaluation Criteria: Supplementary Check By Stakeholmentioning

confidence: 99%

Flood insurance arrangements in the European Union for future flood risk under climate and socioeconomic change

Hudson

Botzen

Aerts

2019

Global Environmental Change

View full text Add to dashboard Cite

Established in 1985, the Wharton Risk Management and Decision Processes Center develops and promotes effective corporate and public policies for low-probability events with potentially catastrophic consequences through the integration of risk assessment, and risk perception with risk management strategies. Natural disasters, technological hazards, and national and international security issues (e.g., terrorism risk insurance markets, protection of critical infrastructure, global security) are among the extreme events that are the focus of the Center's research. The Risk Center's neutrality allows it to undertake large-scale projects in conjunction with other researchers and organizations in the public and private sectors. Building on the disciplines of economics, decision sciences, finance, insurance, marketing and psychology, the Center supports and undertakes field and experimental studies of risk and uncertainty to better understand how individuals and organizations make choices under conditions of risk and uncertainty. Risk Center research also investigates the effectiveness of strategies such as risk communication, information sharing, incentive systems, insurance, regulation and public-private collaborations at a national and international scale. From these findings, the Wharton Risk Center's research team-over 50 faculty, fellows and doctoral students-is able to design new approaches to enable individuals and organizations to make better decisions regarding risk under various regulatory and market conditions.

show abstract

“…Other issues encountered in the current Italian system essentially relate to the nature of ex-post state intervention, with uncertainties about the size and actual payment of the compensation, excessively long time required to obtain compensation, lack of transparency with regard to payments and possible allocation inefficiencies, low incentives to invest in prevention (Gizzi et al, 2016).…”

Section: The Role Of Insurance In the Governance Of Riskmentioning

confidence: 99%

The role of insurance in the management of disaster risk: the case of the Italian cathedrals

Porrini

Masi

2019

Insurance Markets and Companies

View full text Add to dashboard Cite

The aim of this article is to analyze the role of insurance for the coverage of damages deriving from natural disasters, focusing on the specific case of the Italian cathedrals. In this sense, a survey was conducted among the Italian Dioceses asking them to complete a questionnaire, through which the data useful for the analysis of the spread of insurance contracts and for other qualitative and quantitative elements linked to the decisional process of being insured were collected. The achieved coverage is equal to 29.02% of the Italian Dioceses, corresponding to 65 answers of a total of 224 contacts. In particular, the questionnaires investigate insurance presence, perception and awareness, willingness to pay and future prospects. An in-depth analysis about all the data deriving from the survey is provided, trying to compare some results and finally some considerations are presented on future research perspectives. What emerges is in some aspects surprising, because it allows to identify a significant financial culture and knowledge of the importance covered by insurance in the governance of disaster risk: for 62% of the cases analyzed, they have already underwritten this type of contract.

show abstract

The Insurance Market of Natural Hazards for Residential Properties in Italy

Cited by 23 publications

References 37 publications

Spatial–Temporal snapshots of global natural disaster impacts Revealed from EM-DAT for 1900-2015

Spatial–Temporal snapshots of global natural disaster impacts Revealed from EM-DAT for 1900-2015

Flood insurance arrangements in the European Union for future flood risk under climate and socioeconomic change

The role of insurance in the management of disaster risk: the case of the Italian cathedrals

Contact Info

Product

Resources

About