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Zeit, die Details einer besseren Elementarschadenversicherung zu diskutieren

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Listed:
  • Groß Christian
  • Wagner Gert G.

Abstract

Damage to residential buildings caused by natural disasters will increase as climate change progresses. However, in Germany not all buildings are insured against it. This article gives an overview on the current debate in Germany on how to improve the common state of insurance. We present new empirical evidence on the acceptance of natural disaster insurances and outline the key parameters that should be subject to regulation. This includes the types of natural disasters that should typically covered by such an insurance, the level of the deductible to be paid by the household, state support for paying off the deductible, ways to deal with risk clusters that single insurers might face, as well as the specification of a stop-loss threshold to cap the insurers’ financial risks.

Suggested Citation

  • Groß Christian & Wagner Gert G., 2023. "Zeit, die Details einer besseren Elementarschadenversicherung zu diskutieren," Wirtschaftsdienst, Sciendo, vol. 103(8), pages 570-575, August.
    • Handle: RePEc:vrs:wirtsc:v:103:y:2023:i:8:p:570-575:n:17
    DOI: 10.2478/wd-2023-0158
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    More about this item

    JEL classification:

    • D18 - Microeconomics - - Household Behavior - - - Consumer Protection
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • H84 - Public Economics - - Miscellaneous Issues - - - Disaster Aid

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