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Flood Risk Exposure in Austria – Options for Bearing Risk Efficiently


  • Thomas Url
  • Franz Sinabell


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 are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    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:wblltn:y:2017:i:14:p:133-142 is not listed on IDEAS
    3. 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.
    4. Thomas Url, 2013. "Life Insurance Business Continues to Suffer from Low Interest Rates," WIFO Monatsberichte (monthly reports), WIFO, vol. 86(9), pages 769-779, September.
    5. Thomas Url, 2013. "Life Insurance Business Continues to Suffer from Low Interest Rates," Austrian Economic Quarterly, WIFO, vol. 18(3), pages 166-176, November.
    6. repec:wfo:monber:y:2017:i:9:p:701-711 is not listed on IDEAS

    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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