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Managing Extreme Climate Change Risks through Insurance

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  • Botzen,W. J. Wouter

Abstract

In recent years, the damage caused by natural disasters has increased worldwide; this trend will only continue with the impact of climate change. Despite this, the role for the most common mechanism for managing risk - insurance - has received little attention. This book considers the contribution that insurance arrangements can make to society's management of the risks of natural hazards in a changing climate. It also looks at the potential impacts of climate change on the insurance sector, and insurers' responses to climate change. The author combines theory with evidence from the rich experiences of the Netherlands together with examples from around the world. He recognises the role of the individual in preparing for disasters, as well as the difficulties individuals have in understanding and dealing with infrequent risks. Written in plain language, this book will appeal to researchers and policy-makers alike.

Suggested Citation

  • Botzen,W. J. Wouter, 2016. "Managing Extreme Climate Change Risks through Insurance," Cambridge Books, Cambridge University Press, number 9781316600887.
    • Handle: RePEc:cup:cbooks:9781316600887
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    Cited by:

    1. Sisi Meng & Pallab Mozumder, 2021. "Hurricane Sandy: Damages, Disruptions and Pathways to Recovery," Economics of Disasters and Climate Change, Springer, vol. 5(2), pages 223-247, July.
    2. Andrea Hauser & Carlos Rosa & Rui Esteves & Alexandra Moura & Carlos Oliveira, 2021. "Building a hurricane risk map for continental Portugal based on loss data from hurricane Leslie," Working Papers REM 2021/0209, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    3. Veronesi, Marcella & Chawla, Fabienne & Maurer, Max & Lienert, Judit, 2014. "Climate change and the willingness to pay to reduce ecological and health risks from wastewater flooding in urban centers and the environment," Ecological Economics, Elsevier, vol. 98(C), pages 1-10.
    4. Yi Ge & Guangfei Yang & Xiaotao Wang & Wen Dou & Xueer Lu & Jie Mao, 2021. "Understanding risk perception from floods: a case study from China," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 105(3), pages 3119-3140, February.

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