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INSURANCE MARKET TRENDS CAUSED BY CLIMATE CHANGE Flavia BARNA

Author

Listed:
  • Flavia Barna

    (West University of Timişoara)

  • Victoria Şeulean

    (West University of Timişoara)

  • Petru-Ovidiu Mura

    (West University of Timişoara)

Abstract

Uncertain behavior of extreme weather events is critical for insurance because of the financial effects that it generates. In this context, the effects of climate change on the frequency and hardness of natural disasters are vital information in order to restructure the portfolio of insurance products. Creation of new insurance products and schemes focused on protecting against the risks of climate change is a goal of the insurance companies. The financial innovation in the insurance field allowed policyholders to better manage their risks in a volatile environment.

Suggested Citation

  • Flavia Barna & Victoria Şeulean & Petru-Ovidiu Mura, 2011. "INSURANCE MARKET TRENDS CAUSED BY CLIMATE CHANGE Flavia BARNA," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 5(5(558)(su), pages 129-135, July.
    • Handle: RePEc:agr:journl:v:5(558)(supplement):y:2011:i:5(558)(supplement):p:129-135
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    Cited by:

    1. Marek Ćwiklicki & Łukasz Jabłoński & Riccardo Sartori & Marius Dan Gavriletea, 2019. "The relationship between the economic development of nations and the adoption of green initiatives by companies: a statistical study on 105 countries," Quality & Quantity: International Journal of Methodology, Springer, vol. 53(1), pages 339-361, January.

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