Better Understanding Insurance Mechanism in Dealing with Climate Change Risk, with Special Reference to China

Bibliographic Data

ID15513284
AuthorsF Kong (0000-0002-7259-5598, China Agricultural University, corresponding author), Shao Sun (0000-0003-3411-5466, China Meteorological Administration, corresponding author)
Year2021
Volume18
Issue6
Pages2996-2996
Publication date2021-03-15
Open AccessYes
TypeARTICLE
VenueInternational Journal of Environmental Research and Public Health (JOURNAL)
Journal identifiersISSN: 1661-7827 • E-ISSN: 1660-4601
PublisherMultidisciplinary Digital Publishing Institute (PUBLISHER • CH)
DOI10.3390/ijerph18062996
PMID33803956
OpenAlexW3139316654
LanguageEN
Citations received3
References cited24

Climate change risk has become an important challenge for global sustainable development. The insurance industry can play an important role in coping with the increasingly severe climate change risk. This paper first describes the increasing climate change risk and the difficulties of the insurance mechanism in dealing with it. Then this paper summarizes the international practice of using the insurance mechanism to deal with climate change risk from ten different aspects. Based on the summary of the role of the insurance mechanism in dealing with this risk in developing countries, this paper puts forward the main application areas for climate change risk insurance and discusses the policy implications of developing climate change risk insurance in China

Actuarial science · Business · China · Climate change · Climate risk · Coping (psychology · Economics · Environmental planning · Environmental resource management · Geography · Insurance policy · Key person insurance · Mechanism (biology · Political science · Risk analysis (engineering · Risk management · Risk pool · Sustainable development · Agricultural risk and resilience · Climate Change Policy and Economics · Flood Risk Assessment and Management · Finance

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Open DOIOpen Access