Insurance Collaboration of Municipalities for Sustainable Development

Stoyan Kirov

Regional Economy and Sustainable Development, Conference Proceedings 2017, 2018, issue 2, 81-89

Abstract: The climate changes and the impact of human activity on natural resources predetermine the growth of catastrophic risks. Municipalities have been trying for years to cope with the damages caused by increased natural disasters, but their efforts are not very successful. They fail to ensure the sustainable development of the regional economy because they divert enormous resources to the recovery of losses and thus cannot invest in future projects. One of the possibilities for solving the problem is to attract insurers as strategic partners. The insurance cooperation should not only aim at financing losses, but also help municipalities to reduce catastrophic risk. Such public-private partnerships can benefit all stakeholders and, above all society, which will have the conditions for sustainable development.

Keywords: sustainability insurance; insurance collaboration; public-private partnership; catastrophic risks; socially responsible investment. (search for similar items in EconPapers)
JEL-codes: A00 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
http://research.ue-varna.bg/admin/kcfinder/upload/files/TOM_II-81-89.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vra:pr1803:y:2018:i:2:p:81-89

Access Statistics for this article

More articles in Regional Economy and Sustainable Development, Conference Proceedings 2017 from Research Institute, University of Economics - Varna Contact information at EDIRC.
Bibliographic data for series maintained by Ludmil Naidenov () and Pavel Petrov ().