Advanced Search
MyIDEAS: Login

Risikotransfersysteme für Naturkatastrophen in Deutschland, Österreich und der Schweiz: ein theoretischer und empirischer Vergleich

Contents:

Author Info

  • Paul A. Raschky
  • Manijeh Schwindt
  • Reimund Schwarze
  • Hannelore Weck-Hannemann

Abstract

This paper compares alternative risk transfer mechanisms (insurance solutions) in three countries, which were affected by the flood event in August 2005, namely Germany, Austria and Switzerland. The comparison focuses on the ability of the institutional solutions to dampen economic shocks caused by natural hazard events. First, idealized types of obligatory insurance systems are evaluated by their liability to the economic problems of adverse selection, moral hazard, charity hazard and transaction costs. The results suggest that an obligatory insurance system with integrated prevention is able to overcome these problems the best. Second, a comparison of risk transfer mechanisms used in Germany, Austria and Switzerland shows that the Swiss system is capable to solve losses by acting comprehensive, fast and efficient. Diese Arbeit analysiert, inwieweit die unterschiedlichen Risikotransfersysteme dreier vom Augusthochwasser 2005 betroffener Länder, Deutschland (reine Marktlösung mit ergänzender staatlicher Notfallhilfe), Österreich (steuerfinanzierter Katastrophenfonds mit ergänzenden Marktangeboten) und Schweiz (Pflichtversicherung mit integrierter Prävention), geeignet sind, volkswirtschaftliche Störimpulse durch Naturereignisse zu reduzieren. Eine Gegenüberstellung von Idealtypen der Versicherungspflicht lässt den Schluss zu, dass Pflichtversicherungen eine relativ geringe Anfälligkeit für die versicherungsökonomischen Probleme der Negativauslese, des Moral- und des Charity Hazards sowie geringere Transaktionskosten aufweisen. Darüber hinaus deutet ein realtypischer Vergleich der drei Risikotransfersysteme anhand von ausgewählten Kennzahlen auf eine höhere Fähigkeit des Schweizer Pflichtversicherungssystems hin, Hochwasserschäden umfassend, schnell und effizient zu beheben.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://ejournals.duncker-humblot.de/DH/doi/pdf/10.3790/vjh.77.4.53
Download Restriction: no

Bibliographic Info

Article provided by DIW Berlin, German Institute for Economic Research in its journal Vierteljahrshefte zur Wirtschaftsforschung.

Volume (Year): 77 (2008)
Issue (Month): 4 ()
Pages: 53-68

as in new window
Handle: RePEc:diw:diwvjh:77-4-4

Contact details of provider:
Postal: Mohrenstraße 58, D-10117 Berlin
Phone: xx49-30-89789-0
Fax: xx49-30-89789-200
Email:
Web page: http://www.diw.de/en
More information through EDIRC

Related research

Keywords: Naturgefahren; Elementarschadenversicherung; staatlicher Risikoausgleich; Versicherungsobligatorium;

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Reimund Schwarze & Gert G. Wagner, 2009. "Natural Hazards Insurance in Europe ? Tailored Responses to Climate Change Needed," Working Papers 2009-06, Faculty of Economics and Statistics, University of Innsbruck.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:diw:diwvjh:77-4-4. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bibliothek).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.