Climate change: new challenges in insurer risk management

Автор(и)

DOI:

https://doi.org/10.18371/fp.4(36).2019.190219

Ключові слова:

Climate risks, physical risks, transitional risks, underwriting, agricultural insurance, insurance payments, insurance reserves.

Анотація

The article investigates the climatic factors affecting the activities of insurance companies, theoretically describes how climate risks can manifest in different directions of activity of insurance companies.  Climate change risks and new business opportunities are identified.  Directions have been identified to enhance the role of insurance companies in managing climate-related risks.

Посилання

Gloor, M. & Perils, C. (2019). Insurance in a world of climate extremes: what latest science tells us. Retrieved from: https://www.swissre.com/institute/research/topics-and-risk-dialogues/natcat-and-climate/insurance-world-climate-extremes.html.

Bevere, L., Holzheu, T. & Wong, C. (December, 2019). Global catastrophes caused USD 56 billion insured losses in 2019, estimates Swiss Re Institute. Retrieved from: https://www.swissre.com/media/news-releases/nr-20191219-global-catastrophes-estimate.html.

Natural catastrophes and man-made disasters in 2018: “secondary” perils on the frontline. Retrieved from: https://www.swissre.com/dam/jcr:c37eb0e4-c0b9-4a9f-9954-3d0bb4339bfd/sigma2_2019_en.pdf.

2019 concludes a decade of exceptional global heat and high-impact weather. Retrieved from: https://public.wmo.int/en/media/press-release/2019-concludes-decade-of-exceptional-global-heat-and-high-impact-weather.

Globalnyiy prognoz riskov na 2020 god. Kak povliyayut katastroficheskie yavleniya na mirovoy VVP? [Global Risk Forecast for 2020. How will catastrophic events affect global GDP?]. Retrieved from: https://forinsurer.com/news/19/12/27/37568 [in Russian].

Issues Paper on Climate Change Risks to the Insurance Sector. Retrieved from: https://www.iaisweb.org/page/consultations/closed-consultations/2018/draft-issues-paper-on-climate-change-risks-to-the-insurance-sector.

Weymann, M. & Bolli, C. ( December, 2019). Championing climate action. Retrieved from: https://www.swissre.com/risk-knowledge/mitigating-climate-risk/swiss-re-decarbonises-its-business-model.html.

Swiss Re Nazvala 5 novyih riskov s vyisokim vozdeystviem na strahovuyu otrasl [Swiss Re Names 5 New Risks with High Impact on the Insurance Industry]. Retrieved from: https://forinsurer.com/news/19/06/14/36897 [in Russian].

Klimaticheskie izmeneniya nesut v sebe sereznyie vyizovyi dlya strahovschikov - glava SCOR [Climate change poses serious challenges for insurers - SCOR head]. Retrieved from: http://tristar.com.ua/1/news/klimaticheskie_izmeneniia_nesut_v_sebe_sereznye_vyzovy_dlia_strahovshikov___glava_scor_12234.html [in Russian].

Dlugoleski, E. & Lafeld, S. (2005). Izmenenie klimata i finansovyiy sektor: perspektivyi deyatelnost [Climate Change and the Financial Sector: Prospects]. Retrieved from: https://wwf.ru/upload/iblock/731/cc_andfinansial.pdf [in Russian].

Klimatologiya strahovaniya [Climatology of insurance]. Retrieved from: http://www.ins-union.ru/rus/klimatologiya [in Russian].

Strahovschiki stalkivayutsya s mnogochislennyimi riskami v svyazi s izmeneniem klimata [Insurers face multiple climate change risks]. Retrieved from: https://allinsurance.kz/articles/insurance-technologies/9678-strakhovshchiki-stalkivayutsya-s-mnogochislennymi-riskami-v-svyazi-s-izmeneniem-klimata [in Russian].

Holzheu, T. & Turne, G. (2018). The Natural Catastrophe Protection Gap: Measurement, Root Causes and Ways of Addressing Underinsurance for Extreme Events†, The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 43(1), pages 37-71.

Secondary natural catastrophe risks on the front line. (2019). Retrieved from: https://www.swissre.com/institute/research/sigma-research/sigma-2019-02.html.

##submission.downloads##

Опубліковано

2019-12-18