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

Georges Dionne ()

No 15-6, Working Papers from 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.

Keywords: Climate risk; economic resilience (search for similar items in EconPapers)
JEL-codes: D80 (search for similar items in EconPapers)
Pages: 54 pages
Date: 2015-06-01
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Persistent link: https://EconPapers.repec.org/RePEc:ris:crcrmw:2015_006

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