قدرة التأمين على العمل كآلية لإدارة مخاطر تغير المناخ

الملخص EN

Climate change is the defining issue of our time.

The global impacts of climate change are wide-ranging and unparalleled in scale.

This study reviewed the extent to which the insurance sector is affected by the risks of climate change.

The study also showed an assessment of the ability of insurance to deal with losses resulting from events related to climate change by studying and analyzing the factors that affect that ability, such as: insurance penetration and the insurance gap, the ability to define, measure and reduce risks, the availability of insurance coverage associated with climate change events, the ability of individuals to bear insurance costs, the ability of the insurance sector to orb large losses, the obligation to pay prompt and sure compensation, and the existence of an effective system for supervision and control on the insurance market.

The study assessed the function of the insurance sector's response to different sizes of loss based on actual losses and expected losses to assess the efficiency of the insurance sector in dealing with unexpected risks whose severity of losses is large.

The study also used panel regression models to study the relationship between the standard deviation of loss and some financial characteristics of Egyptian property and liability insurance companies such as: equity/assets, net losses incurred, return on assets, net income/net written premiums, reinsurance receivables/assets.

The study found that the ability of the property and liability insurance sector is limited to orb medium-sized disaster losses.