Geography of Things Based Flood Risk Insurance Modelling

“the effect of risk aversion on the demand for life insurance: the case of iranian life insurance market”

abstract: about 60% of total premium of insurance industry is pertained?to life policies in the world; while the life insurance total premium in iran is less than 6% of total premium in insurance industry in 2008 (sigma, no 3/2009). among the reasons that discourage the life insurance industry is the problem of adverse selection. adverse selection theory describes a situation where the inf...

Influence of flood risk characteristics on flood insurance demand: a comparison between Germany and the Netherlands

The existence of sufficient demand for insurance coverage against infrequent losses is important for the adequate function of insurance markets for natural disaster risks. This study investigates how characteristics of flood risk influence household flood insurance demand based on household surveys undertaken in Germany and the Netherlands. Our analyses confirm the hypothesis that willingness t...

Flood Risk Management Policy from an Insurance Perspective

My work within a research project studying flood-risk management in Hungary is described, with special attention on loss-spreading instruments, mainly insurance. I argue that computer simulation tools are useful in catastrophe policy making. Computer simulation provides a method for estimating the consequences of different potential policy strategies. In decision making processes it also forces...

Data mining approaches to modelling insurance risk

5. Chapter 5: Incentivising Flood Risk Adaptation through Risk-based Insurance Premiums - Trade- Offs between Affordability and Risk Reduction

The financial incentives offered by the risk-based pricing of insurance can stimulate policyholder adaptation to flood risk while potentially conflicting with affordability. We examine the trade-off between risk reduction and affordability in a model of public-private flood insurance in France and Germany estimating household flood adaptation decisions in response to financial insurance incenti...