The Demand for Index-based Flood Insurance in a High-income Country
Download or Read eBook The Demand for Index-based Flood Insurance in a High-income Country PDF written by Martin Achtnicht and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle.
Author | : Martin Achtnicht |
Publisher | : |
Total Pages | : |
Release | : |
ISBN-10 | : OCLC:960938635 |
ISBN-13 | : |
Rating | : 4/5 (35 Downloads) |
Book Synopsis The Demand for Index-based Flood Insurance in a High-income Country by : Martin Achtnicht
Book excerpt: Flood insurance helps to cope with the risk of flooding, but take-up rates are relatively low. Insurance density could rise if index-based insurance (IBI) were provided as an alternative to traditional damage-based insurance (DBI). We analyze whether there is potential for private demand for IBI in Germany. We use data from a discrete choice experiment combined with damage data for a major flood in 2013. We find IBI to attract similar customers as DBI, while DBI is preferred on average. Our results suggest that not many new customers would enter the market, once IBI were available.