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Policy making and climate risk insurability: How can (re)insurers contribute to economic resilience in climate risk events?

Author

Listed:
  • Dionne, Georges

    (HEC Montreal, Canada Research Chair in Risk Management)

Abstract

Natural hazards cause natural disasters. Natural disasters cause fatalities and casualties. More than 2 million fatalities since 1980 (only 5% of them from high-income countries). About 70 million people are affected each year; 12,700 deaths in 2014, less than the average of 80,000 since 1980 and 66,000 since 1999. To save lives, the most effective policy is via early warning systems with evacuation schemes. But many countries do not have access to this policy. Natural disasters also affect social welfare by causing economic consequences.

Suggested Citation

  • Dionne, Georges, 2015. "Policy making and climate risk insurability: How can (re)insurers contribute to economic resilience in climate risk events?," Working Papers 15-6, HEC Montreal, Canada Research Chair in Risk Management.
  • Handle: RePEc:ris:crcrmw:2015_006
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    More about this item

    Keywords

    Climate risk; economic resilience;

    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

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