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Flavia Barna, Victoria Seulean and Petru-Ovidiu Mura
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Petru-Ovidiu Mura: West University of Timişoara

Theoretical and Applied Economics, 2011, vol. 5(558)(supplement), issue 5(558)(supplement), 129-135

Abstract: Uncertain behavior of extreme weather events is critical for insurance because of the financial effects that it generates. In this context, the effects of climate change on the frequency and hardness of natural disasters are vital information in order to restructure the portfolio of insurance products. Creation of new insurance products and schemes focused on protecting against the risks of climate change is a goal of the insurance companies. The financial innovation in the insurance field allowed policyholders to better manage their risks in a volatile environment.

Keywords: climate change; natural disasters; insurance schemes; prudential rules. (search for similar items in EconPapers)
Date: 2011
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Handle: RePEc:agr:journl:v:5(558)(supplement):y:2011:i:5(558)(supplement):p:129-135