Hazard-Specific Supply Reactions in the Aftermath of Natural Disasters

Aseervatham, Vijay; Born, Patricia; Lohmaier, Dominik; Richter, Andreas

doi:10.1057/s41288-016-0004-5

Cited by 5 publications

(1 citation statement)

References 35 publications

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“…We excluded the following years of data, due to two earthquakes that hit Croatia in 2020, alongside the COVID-19 shock, which could distort the results. Literature has shown that insurance take-up rates are affected after earthquakes (see Cai and Song, 2017), alongside increasing insurance premiums (Yuzva et al, 2018) and business volume of insurers (Aseervatham et al 2017). Moreover, the empirical analyses that tries to estimate economic models and deal with forecasting are affected with the coronavirus shock, due to great changes in important time series such as GDP dynamics.…”

Section: Data Descriptionmentioning

confidence: 99%

What Drives Property Insurance Demand in Croatia?

Krišto,

Kedžo,

Škrinjarić

2024

Zagreb International Review of Economics and Business

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Property insurance is an important part of risk management, insurance coverage and vehicle of catastrophic losses financing. In developed countries, property insurance plays an important role in the structure of non-life premium, while in developing markets, such as Croatian, property insurance penetration is rather low. Unfortunately, the recent earthquakes in Zagreb (Croatia) and the surrounding area in 2020 have once again highlighted a large protection gap, resulting in a dominant role of government in financing catastrophic losses. The aim of this paper is to discuss and investigate the factors that determinate property insurance demand in Croatia. Using the VAR (Vector AutoRegression) methodology extended via spillover index approach, we analyse a comprehensive data set ranging from the economic, financial, social to insurance indicators. The conclusions of this research point that some of the expected drivers of insurance demand such as mortgage loans, consumer confidence and loss experience, are not important in Croatia, and that property insurance is dominantly driven by economic development.

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Section: Data Descriptionmentioning

confidence: 99%

What Drives Property Insurance Demand in Croatia?

Krišto,

Kedžo,

Škrinjarić

2024

Zagreb International Review of Economics and Business

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Risikowahrnehmung und Risikowirklichkeit

Müller-Peters

2023

Risiko Im Wandel

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ZusammenfassungRisiken sind in unserem Leben omnipräsent. Unsere subjektive Einschätzung von Risiken weicht aber erheblich und in systematischer Weise von den objektiv gegebenen Gefahrenlagen ab. Dies führt einerseits zu übertriebenen Ängsten und Sorgen, andererseits aber auch zu unterbliebener Absicherung und Risikovorsorge. In diesem Kapitel werden auf theoretischer und empirischer Basis typische Abweichungen dargestellt und erklärt − sei es im Verkehr, rund um das Eigentum, bei Elementarrisiken oder auch in Bezug auf Kriminalität, Krankheit oder Altern. Auf dieser Basis werden Empfehlungen für einen rationaleren Umgang − ob im privaten oder im beruflichen Kontext − mit dem Thema Risiko, Vorsorge und Versichern abgeleitet.

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Residential insurance market responses after earthquake: A survey of Christchurch dwellers

Mumo

Watt

2019

International Journal of Disaster Risk Reduction

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Hazard-Specific Supply Reactions in the Aftermath of Natural Disasters

Cited by 5 publications

References 35 publications

What Drives Property Insurance Demand in Croatia?

What Drives Property Insurance Demand in Croatia?

Risikowahrnehmung und Risikowirklichkeit

Residential insurance market responses after earthquake: A survey of Christchurch dwellers

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