IDEAS home Printed from https://ideas.repec.org/p/ehl/lserod/130252.html

Impacts of climate factors on UK insurance companies: evidence from the stock prices

Author

Listed:
  • Qian, Yuqing
  • Wang, Zhongchi
  • Ye, Fan

Abstract

Climate change poses significant risks to the insurance industry, particularly through increased frequency and severity of weather events. In this paper, we examine the extent to which temperature, wind speed, and rainfall influence the stock prices of companies listed on the UK stock market. By using data of 1. Andrews Sykes Group plc. (ANSY) 2. Aviva plc (AVIVA) 3. Legal & General Group plc (LGEN) 4. Prudential plc (PRU) 5. Direct Line Insurance Group plc (DLGD) and conducting the multiple linear regression model and random forest model, the findings, illustrated through scatterplots, indicate a weak relationship and correlation between the dependent (stock prices) and independent variables (weather data), as shown by the P-values and R-values.

Suggested Citation

  • Qian, Yuqing & Wang, Zhongchi & Ye, Fan, 2025. "Impacts of climate factors on UK insurance companies: evidence from the stock prices," LSE Research Online Documents on Economics 130252, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:130252
    as

    Download full text from publisher

    File URL: http://eprints.lse.ac.uk/130252/
    File Function: Open access version.
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • F3 - International Economics - - International Finance
    • G3 - Financial Economics - - Corporate Finance and Governance

    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:ehl:lserod:130252. 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: LSERO Manager (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.html .

    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.