Managing Extreme Climate Change Risks through Insurance

Author:   W. J. Wouter Botzen (Vrije Universiteit, Amsterdam)
Publisher:   Cambridge University Press
ISBN:  

9781316600887


Pages:   454
Publication Date:   21 January 2016
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

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Managing Extreme Climate Change Risks through Insurance


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Full Product Details

Author:   W. J. Wouter Botzen (Vrije Universiteit, Amsterdam)
Publisher:   Cambridge University Press
Imprint:   Cambridge University Press
Dimensions:   Width: 15.20cm , Height: 2.30cm , Length: 22.90cm
Weight:   0.600kg
ISBN:  

9781316600887


ISBN 10:   1316600882
Pages:   454
Publication Date:   21 January 2016
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

1. Introduction: climate change and natural disaster risk management; 2. Climate change impacts on the insurance sector; 3. Climate change and future costs of natural disasters; 4. Climate change adaptation through insurance against flooding; 5. Dealing with uncertainty in flood risk management; 6. Damage mitigation measures at the household level and climate change adaptation; 7. Insurance incentives for homeowners to invest in adaptation; 8. Bounded rationality and demand for flood insurance; 9. Individual perceptions of flood risk; 10. WTP for insurance against low-probability flood risks; 11. Market shares of insurance against flood risk under climate change; 12. Conclusions.

Reviews

'Are insurers the victims, the virtuous or the villains of climate change? W. J. Wouter Botzen's book questions how a global business is going to cope when long-held assumptions are challenged by a changing climate. 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. Hall, Professor of Climate and Environmental Risks, University of Oxford 'Rapidly changing climate combined with growing exposure in high risk areas is likely to trigger more extreme events around the world in the coming years. 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. J. 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. It is a must-read for researchers and managers of risks of natural disasters.' Peter P. Wakker, Professor of Decisions Under Uncertainty, Erasmus School of Economics, Erasmus University, Rotterdam


Author Information

W. J. Wouter Botzen is Assistant Professor in the Department of Environmental Economics at the Institute for Environmental Studies, VU University Amsterdam.

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