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Climate Notes: Nature Catastrophes and Insurance – Growth and Transformation

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  • Jonas Send

Abstract

In past decades there has been a dramatic increase in the number of natural disasters and the economic losses that have been caused by them. The main causes are very probably demographic developments and the simultaneous accumulation of prosperity in endangered areas. However, climate change is also attracting a growing amount of attention in this context. Insurance companies are increasingly footing the bill for these natural disasters, and it is particularly important for them to accurately assess the sharp increase in these costs in order to correctly adjust their business models and future expectations.

Suggested Citation

  • Jonas Send, 2015. "Climate Notes: Nature Catastrophes and Insurance – Growth and Transformation," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(03), pages 41-44, February.
    • Handle: RePEc:ces:ifosdt:v:68:y:2015:i:03:p:41-44
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    References listed on IDEAS

    as
    1. Evan Mills, 2007. "Synergisms between climate change mitigation and adaptation: an insurance perspective," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 12(5), pages 809-842, June.
    2. Sebastian von Dahlen & Goetz von Peter, 2012. "Natural catastrohpes and global reinsurance - exploring the linkages," BIS Quarterly Review, Bank for International Settlements, December.
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    More about this item

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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