The insurance Gap in natural catastrophe risks. challenges for the market
The insurance Gap in natural catastrophe risks. challenges for the market

Summary/Abstract: Climate change poses a serious risk to (re)insurers and society in the future. The gap in coverage is a global problem, affecting all countries and having an impact on the entire uninsured population. Insurance is one way to reduce the intensity of post-natural catastrophe losses. This is because in- surance provides timely financial assistance in the aftermath of the shock associated with extreme events, thereby reducing the long-term impact of natural catastrophes . This article presents the es- sence of the insurance gap in the context of the increasing intensity of catastrophic risks. The insur- ance gap in catastrophic risks is presented against the background of empirical data in global terms. An important part of the study is to show the categories and challenges for the insurance market in the face of these risks.

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