Climate change and the insurance protection gap

• Thesis title in Czech: Klimatická změna a pojistná ochranná mezera
• Thesis title in English: Climate change and the insurance protection gap
• Key words: pojistná ochranná mezera, klimatická změna, přírodní katastrofy, panelová regrese
• English key words: insurance protection gap, climate change, natural catastrophes, panel regression
• Academic year of topic announcement: 2020/2021
• Thesis type: diploma thesis
• Thesis language: angličtina
• Department: Institute of Economic Studies (23-IES)
• Supervisor: doc. PhDr. Ing. et Ing. Petr Jakubík, Ph.D., Ph.D.
• Author: hidden - assigned by the advisor
• Date of registration: 27.03.2021
• Date of assignment: 27.03.2021
• Date and time of defence: 18.06.2025 09:00
• Venue of defence: Opletalova, O206, místnost. č. 206
• Date of electronic submission: 25.04.2025
• Date of proceeded defence: 18.06.2025
• Opponents: prof. PhDr. Petr Teplý, Ph.D.

Guidelines

Studying the insurance protection gap in the context of climate change is essential due to its far-reaching economic and societal implications. As climate-related disasters become more frequent and severe, the increasing discrepancy between insured and total economic losses threatens financial stability, economic resilience, and the effectiveness of risk-transfer mechanisms. A scientific approach to modeling this insurance protection gap is crucial for identifying the key drivers of underinsurance, assessing the role of climate variables in shaping insurance availability and affordability, and informing policymakers on potential interventions. By developing a deeper understanding of these dynamics, the research can contribute to more accurate risk assessments, improved insurance pricing strategies, and more effective climate adaptation policies, ultimately enhancing financial resilience in an era of escalating climate risks.

References

Holzheu, T. & G. Turner (2018): “The Natural Catastrophe Protection Gap: Measurement, Root Causes and Ways of Addressing Underinsurance for Extreme Events.” Geneva Pap Risk Insur Issues Pract 43: pp. 37–71.

Fache Rousová, L., Giuzio, M., Kapadia, S., Kumar, H., Mazzotta, L., Parker, M., & Zafeiris, D. (2021): “Climate Change, Catastrophes and the Macroeconomic Benefits of Insurance.” European Insurance and Occupational Pensions Authority (EIOPA). Luxembourg: Publications Office of the European Union.

Vetković, V. M., R. Renner, B. Aleksova, & T. Lukić (2024): “Geospatial and Temporal Patterns of Natural and Man-Made (Technological) Disasters (1900–2024): Insights from Different Socio-Economic and Demographic
Perspectives.” Applied Sciences 14(18).

Masson-Delmotte, V., P. Zhai, A. Pirani, S. Connors, C. Péan, S. Berger, N. Caud, Y. Chen, L. Goldfarb, M. Gomis, M. Huang, Bibliography 36 K. Leitzell, E. Lonnoy, J. Matthews, T. Maycock, T. Waterfield, O. Yelekçi, R. Yu, & B. Z. (eds.) (2021): “Climate Change 2021: The Physical Science Basis. Contribution of Working Group I to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change.” IPCC