 The Role of Insurance in Reducing Direct Risk - The Case of Flood InsuranceSwenja Surminski International Review of Environmental and Resource Economics, 2014, vol. 7, issue 3-4, 241-278 Abstract: The provision of flood insurance is a patchwork, with countries showing varying degrees of penetration, coverage types, demand levels, and design structures. This article explores the current understanding of flood insurance with a specific focus on the ability of flood insurance to contribute to direct risk reduction. The starting point is a consideration of the existing provision of flood insurance, both in established insurance markets and in developing countries. A review of efforts to analyse and explain the use and design of flood insurance highlights how the understanding of supply and demand determinants is steadily growing, while clear gaps also emerge. Particularly the question of utilizing flood insurance in the context of climate change and as a lever for physical risk reduction would benefit from further empirical and theoretical analysis. The article concludes with a reflection on current efforts to reform and design flood insurance and offers some pointers for future research. Keywords: Flood insurance; Disaster risk reduction; Flood risk management; Insurance; Climate change; Natural hazards; Adaptation (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:now:jirere:101.00000062 Access Statistics for this article More articles in International Review of Environmental and Resource Economics from now publishers |
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