IDEAS home Printed from https://ideas.repec.org/a/pal/gpprii/v33y2008i2p250-268.html
   My bibliography  Save this article

Insuring Large-Scale Floods in the Netherlands

Author

Listed:
  • Ruben Jongejan

    (Hydraulic Engineering, Delft University of Technology, Stevinweg 1, 2628CN Delft, P.O.Box 5048, 2600GA The Netherlands.)

  • Pauline Barrieu

    (Department of Statistics, London School of Economics, Houghton Street, London, WC2A 2AE United Kingdom.)

Abstract

Without its primary flood defenses, a large part of the Netherlands would be swallowed by rivers and the sea. Floods caused by the failure of primary flood defenses are high-impact, low-probability events that are notoriously difficult to insure. Private insurance was long considered unfeasible but the Dutch government is currently studying ways to introduce a public–private insurance program. This paper offers a discussion of variables that should be taken into account in the choice for an arrangement for the financing of large-scale floods in the Netherlands. Because flood risk is highly concentrated and potential losses could be severe, a strong government role seems inevitable. But this would not necessarily be inappropriate as this could reduce the risk of underinvestment in flood protection. The Geneva Papers (2008) 33, 250–268. doi:10.1057/gpp.2008.10

Suggested Citation

  • Ruben Jongejan & Pauline Barrieu, 2008. "Insuring Large-Scale Floods in the Netherlands," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 33(2), pages 250-268, April.
    • Handle: RePEc:pal:gpprii:v:33:y:2008:i:2:p:250-268
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/gpp/journal/v33/n2/pdf/gpp200810a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/gpp/journal/v33/n2/full/gpp200810a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

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


    Cited by:

    1. S. Surminski & J. Aerts & W. Botzen & P. Hudson & J. Mysiak & C. Pérez-Blanco, 2015. "Reflections on the current debate on how to link flood insurance and disaster risk reduction in the European Union," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 79(3), pages 1451-1479, December.
    2. Maria Ioncica & Eva-Cristina Petrescu, 2016. "The European Union Solidarity Fund: An Important Tool in the Recovery After Large-Scale Natural Disasters," Romanian Statistical Review, Romanian Statistical Review, vol. 64(1), pages 69-80, March.
    3. Botzen, W.J.W. & van den Bergh, J.C.J.M., 2012. "Risk attitudes to low-probability climate change risks: WTP for flood insurance," Journal of Economic Behavior & Organization, Elsevier, vol. 82(1), pages 151-166.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:gpprii:v:33:y:2008:i:2:p:250-268. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.