Nos derniers articles

This paper analyzes UK home insurance data (2009–2024) to examine how premiums and coverage adjust to flood risk. It reports that properties experiencing a nearby flood are significantly more likely to have flood coverage excluded the following year. The study finds that, before a government–industry risk-sharing scheme, higher-risk properties faced higher premiums and substantially greater exclusion rates than lower-risk ones. After the scheme’s introduction, premium differences decreased, but higher-risk properties continued to experience notably higher rates of flood coverage exclusion.

#insurance#climaterisk"This paper discusses the relationship between the financial constraints faced by infrastructure assets due to #floodrisk exposure and their ability to finance adaptation to such #risks through internal resources. #risktransfer mechanisms such as #floodinsurance were shown to be a consistent channel leading to increases in #riskreduction through adaptation. "

"... we characterize Pareto-optimal risk-sharing contracts in a market with multiple policyholders and one representative insurer. With minimal assumptions on the risk measures of the parties involved, we characterize Pareto optimality in terms of the minimization of a sum of the agents' risk positions, and we relate it to both the core and coalitional stability of an associated market game. In the special case of coherent risk measures, the optimal indemnity schedules are further characterized in explicit form, in terms of what can be called "worst-case probability measures". "