Managing Extreme Climate Change Risks through Insurance
| Author | : | |
| Rating | : | 4.32 (761 Votes) |
| Asin | : | 1316600882 |
| Format Type | : | paperback |
| Number of Pages | : | 454 Pages |
| Publish Date | : | 2013-06-05 |
| Language | : | English |
DESCRIPTION:
In recent years, the damage caused by natural disasters has increased worldwide; this trend will only continue with the impact of climate change. Despite this, the role for the most common mechanism for managing risk - insurance - has received little attention. The author combines theory with evidence from the rich experiences of the Netherlands together with examples from around the world. It also looks at the potential impacts of climate change on the insurance sector, and insurers' responses to climate change. Written in plain language, this book will appeal to researchers and policy-makers alike.. He recognises the role of the individual in preparing for disasters, as well as the difficulties individuals have in understanding and dealing with infrequent risks. This book considers the contribution that insurance arrangements can make to society's management of the risks of natural hazards in a changing climate
W. . Wouter Botzen is Assistant Professor in the Department of Environmental Economics at the Institute for Environmental Studies, VU University Amsterdam. J
Diego Alejandro Guzmán Arias said Four Stars. good
Based on sound economic analysis in the Netherlands and other countries, this book provides an advanced analysis of what challenges and opportunities this creates for insurers, governments and those who want to be financially protected. Botzen's book demonstrates how insurers have a crucial role to play in the management of risk in a changing world.' Jim W. Wouter Botzen is one of the most insightful scholars of his generation in this field.' Erwann Michel-Kerjan, Professor and Managing Director, Wharton Risk Center, The Wharton School of the University of Pennsylvania; Chairman of the OECD Board on Financial Management of Catastrophes'This marvelous book, written in the Netherlands which is famous for taking land from the sea, makes Nobel-awarded risk theories tractable for managing water damage and climate change. 'Are insur