Insuring Against Climate Change: The Emergence of Regional Catastrophe Risk Pools (Routledge Advances in Climate Change Research)

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Synopsis
This book provides one of the first systematic in-depth studies on regional catastrophe risk pools. It explores the various goals of these new financial instruments, illustrating how they function on a conceptual, technical and practical level, and reconstructs their political genesis. With climate-related disasters increasing in frequency and severity, Insuring Against Climate Change explores how affected countries, especially those in the Global South, have increasingly turned to innovative index insurance instruments, as demonstrated by the creation of the Caribbean Catastrophic Risk Insurance Facility (CCRIF), the African Risk Capacity (ARC) and the Pacific Catastrophe Risk Assessment and Financing Initiative Facility (PCRAFI Facility). Scherer scrutinizes the formation of this trend, exploring comparatively the goals, characteristics and histories of these tools, and argues that their attractiveness rests more on political than economic benefits and is, in fact, more supply than demand-driven. Making a significant contribution to current debates on the opportunities and limitations of what are sometimes described as indirect ‘climate risk insurance’, this book will be of great interest to political scientists with an interest in insurance instruments and climate-related disaster management politics as well as to practitioners working in the insurance, finance and the development sectors.
Copyright:
2020

Book Details

Book Quality:
Publisher Quality
Book Size:
268 Pages
ISBN-13:
9781000033465
Related ISBNs:
9780429324642, 9780367342470, 9781032173573
Publisher:
Taylor and Francis
Date of Addition:
Copyrighted By:
N/A
Adult content:
No
Language:
English
Has Image Descriptions:
No
Categories:
Nonfiction, Outdoors and Nature, Business and Finance, Social Studies, Earth Sciences, Politics and Government
Submitted By:
Bookshare Staff
Usage Restrictions:
This is a copyrighted book.

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