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Flood Risk Exposure in Austria – Options for Bearing Risk Efficiently

Author

Listed:
  • Thomas Url
  • Franz Sinabell

Abstract

Due to its topography, Austria is exposed to many natural hazards. Inadequate spatial planning aggravates natural exposure to risks, 12% of all buildings are potentially exposed to flooding almost 9% are considered to be at an extreme risk. Reinforcing precautionary measures is a prerequisite for an efficient risk management system that will be ready to meet future challenges. In an efficient risk management system the Austrian government's relief payments after catastrophic events should be substituted by a broad (mostly compulsory) insurance against natural hazards. The strong involvement of government in the provisions of precautionary measures against natural disasters and its role during emergencies should be better co-ordinated with private measures.

Suggested Citation

  • Thomas Url & Franz Sinabell, 2008. "Flood Risk Exposure in Austria – Options for Bearing Risk Efficiently," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 128(4), pages 593-614.
    • Handle: RePEc:aeq:aeqsjb:v128_y2008_i4_q4_p593-614
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    Citations

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    Cited by:

    1. Karin Heinschink & Franz Sinabell & Thomas Url, 2017. "Elements of an Index-based Margin Insurance. An Application to Wheat Production in Austria," WIFO Working Papers 536, WIFO.
    2. repec:wfo:wquart:y:2013:i:3:p:157-167 is not listed on IDEAS
    3. Thomas Url, 2013. "Lebensversicherung leidet weiterhin unter niedrigem Zinsniveau," WIFO Monatsberichte (monthly reports), WIFO, vol. 86(9), pages 769-779, September.
    4. Thomas Url, 2017. "Schwache Einmalerläge dämpfen 2016 Prämieneinnahmen der Privatversicherungswirtschaft," WIFO Monatsberichte (monthly reports), WIFO, vol. 90(9), pages 701-711, September.
    5. Thomas Url, 2017. "Private Insurance Premium Income Declined in 2016," WIFO Bulletin, WIFO, vol. 22(14), pages 133-142, September.
    6. 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, Universität Innsbruck.
    7. Thomas Url, 2022. "Die gesamtwirtschaftliche Bedeutung der österreichischen Versicherungswirtschaft," WIFO Studies, WIFO, number 69819, Juni.
    8. Thomas Url, 2011. "Private Versicherungen als Finanzierungsquelle für den Pflegebedarf im Alter," WIFO Studies, WIFO, number 41358, Juni.
    9. Thomas Url, 2013. "Life Insurance Business Continues to Suffer from Low Interest Rates," Austrian Economic Quarterly, WIFO, vol. 18(3), pages 166-176, November.

    More about this item

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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