The Role of Disaster Regulations and Insurance Regulations on the Development of Disaster Insurance Markets

Handbook of Research on Economic and Political Implications of Green Trading and Energy Use Pub Date : 1900-01-01 DOI:10.4018/978-1-5225-8547-3.CH010

Ashu Tiwari, A. Patro, Jahnavi Patky

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Abstract

Recently, the climate regulations and stop-loss regulations have become a central policy parameter globally. In market-oriented economies, insurers as the biggest stakeholder-industry of natural disaster risk are facing the issue related to industry sustainability. Thus, the policy implications of natural disasters regulation on the insurance industry are enormous. Therefore, this chapter has made an effort to analyze the disaster management in the integrated framework. This integrated framework is based upon the analysis of the role of regulatory actions taken by three actors, namely, disaster regulation, insurance regulations, and firms' actions across the three stages of disaster management, namely, pre-disaster, underwriting, and post-disaster stages in G-7 economies. Based on the outcomes of the current analysis, the chapter found that there are two polar opposite integrated models (i.e., isolated best policy model in the case of Japan and spiral policy model in the case of Italy). Five models fall in between the two.

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灾害法规和保险法规对灾害保险市场发展的作用

近年来，气候法规和止损法规已成为全球政策的核心参数。在市场经济中，保险公司作为自然灾害风险的最大利益相关者，面临着行业可持续性问题。因此，自然灾害监管对保险业的政策影响是巨大的。因此，本章对综合框架下的灾害管理进行了分析。这一综合框架是基于对七国集团经济体中灾害管理三个阶段(即灾前、承保和灾后阶段)中三个行为体所采取的监管行动的作用的分析，即灾害监管、保险监管和企业的行动。基于当前分析的结果，本章发现存在两种极性相反的综合模型(即日本的孤立最佳政策模型和意大利的螺旋政策模型)。有五款车型介于两者之间。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Handbook of Research on Economic and Political Implications of Green Trading and Energy Use

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