Examining the impact on mortality arising from climate change: important findings for the insurance industry

DOI10.1007/S13385-018-0178-2MaRDI QIDQ2323653zbMATH OpenOpenAlexWikidataFDO

Authors Tatjana Miljkovic, Dragan Miljkovic, Karsten Maurer

Publication date 3 September 2019

Published in European Actuarial Journal (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s13385-018-0178-2

zbMATH Keywords

climate changeDumitrescu-Hurlin causality test.insurancemortalityproperty damage

Mathematics Subject Classification ID

Applications of statistics to actuarial sciences and financial mathematics (62P05) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Mathematical geography and demography (91D20)

Recommendations

• Insurance and climate-driven extreme events
• Incorporating climate change projections into risk measures of index-based insurance
• Valuing the global mortality consequences of climate change accounting for adaptation costs and benefits
• The impact of the determinants of mortality on life insurance and annuities
• Dependence of insurer loss on variation of mortality
• The impact of weather insurance on consumption, investment, and welfare
• Monetary valuation of insurance against flood risk under climate change
• Different Shades of Risk: Mortality Trends Implied by Term Insurance Prices

Cites work

• A new look at the statistical model identification
• Investigating Causal Relations by Econometric Models and Cross-spectral Methods
• Robust Locally Weighted Regression and Smoothing Scatterplots
• Testing for unit roots in heterogeneous panels.
• Unit root tests in panel data: asymptotic and finite-sample properties

Cited in

(4)

• Future building water loss projections posed by climate change
• Monetary valuation of insurance against flood risk under climate change
• Modeling volatility of disaster-affected populations: a non-homogeneous geometric-skew Brownian motion approach
• The impact of dependencies between climate risks on the asset and liability side of non-life insurers

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Uses Software

• R

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