Insuring against climate change : The global career of regional index insurance instruments
- One of the most prominent policy instruments currently put forward in a variety of climate change-related initiatives are ‘regional index insurance instruments’. These instruments are generically designed to protect states from a region from the economic consequences of natural disasters and allow quick access to capital in the case of a major catastrophe. What unites these insurances is that it is not the actual financial loss which triggers a payment, as in more traditional forms of insurance, but the occurrence of a pre-defined weather event (e.g. hurricane, drought, tsunami). The performance of one a pool of variables is thereby used as a proxy for the actual loss. Another characteristic is that the provision of the insurance cover is often supported through financial market instruments such as weather derivatives, catastrophe bonds or catastrophe swaps. That means, financial market investors operate as ‘insurer of last resort’. (...)
Document Type: | Doctoral Thesis |
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Language: | English |
Author(s): | Nikolas Scherer |
Advisor: | Helmut K. Anheier, Odd Arne Westad, Claus Offe |
Hertie Collections (Serial Number): | Dissertations submitted to the Hertie School (06/2017) |
Publication year: | 2017 |
Publishing Institution: | Hertie School |
Granting Institution: | Hertie School |
Thesis date: | 2017/03/30 |
Number pages: | 358 |
Release Date: | 2017/08/04 |
Notes: | See also: Scherer, Nikolas (2020): Insuring against climate change: The Emergence of Regional Catastrophe Risk Pools, Routledge, Abingdon/New York. Copies available at the Hertie School Library. |
Notes: | Shelf mark: 2017D004 + 2017D004+1 |
Hertie School Research: | Publications PhD Researchers |
Licence of document (German): | Metadaten (öffentlich), Volltext (zugriffsbeschränkt) |