Managing Extreme Climate Change Risks through Insurance
| Author | : | |
| Rating | : | 4.11 (715 Votes) |
| Asin | : | 1107033276 |
| Format Type | : | paperback |
| Number of Pages | : | 451 Pages |
| Publish Date | : | 2016-10-13 |
| Language | : | English |
DESCRIPTION:
. Wouter Botzen is Assistant Professor in the Department of Environmental Economics at the Institute for Environmental Studies, VU University Amsterdam. J. W
This book considers the contribution that insurance arrangements can make to society's management of the risks of natural hazards in a changing climate. Despite this, the role for the most common mechanism for managing risk - insurance - has received little attention. It also looks at the potential impacts of climate change on the insurance sector, and insurers' responses to climate change. The author combines theory with evidence from the rich experiences of the Netherlands together with examples from around the world. 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. In recent years, the damage caused by natural disasters has increased worldwide; this trend will only continue with the impact of climate change
Yet insurers have proved to be innovators with a unique means of communicating risk to householders and businesses worldwide via the prices they have to pay for insurance contracts. 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's book questions how a global business is going to cope when long-held assumptions are challenged by a changing climate. 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. W. It is a must-read for researchers and managers of risks of natural disasters.' Peter P. 'Are insurers the victims, the virtuous or the villains of climate change? W. Hall, Professor of Climate and Environmental Risks, University of Oxford'R
"Four Stars" according to Diego Alejandro Guzmán Arias. good