The Indian Insurance Industry And Climate Change

  • Author(s): Ulka Kelkar
  • Size: 140 mm x 210 mm
  • Pages: 266
  • Binding: Paperback
  • Weight: 350 gms
  • Language: English
  • ISBN: 81-7993-094-7
  • Cover Price:

    Rs.120.00 / US $11.00

  • Special Price: Rs. 108.00 / US $10.00

Book Details

Internationally, there is growing concern about the rising trend in reported economic losses from natural disasters. The Third Assessment Report of the IPCC (Intergovernmental Panel on Climate Change) predicts an increase in climate variability with more hot days, heat waves, and heavy precipitation events, leading to intensified droughts, floods, and tropical cyclones. The potential impact of climate change on the Indian insurance industry can be severe, given the country

Table of Contents



    Key messages

    The cost of climate variability and change
    Natural disasters and climate change in India
    Managing climate risk: current approaches in India

    Insurance industry: exposure and challenges
    Impacts of climate change on the insurance industry
    Key challenges in addressing climate change

    State of play
    Current status of Indian insurance industry
    Life insurance
    General insurance
    Property and vehicle insurance
    Health insurance
    Index-based weather insurance contracts
    Emerging opportunities in carbon trade
    Reinsurance business
    Catastrophe (cat) bonds: redefining insurance
    Coping with climate variability: contract farming

    Access to risk transfer products
    Reasons for low insurance penetration
    Approaches to improve access
    Investments of insurance companies
    State of preparedness

    International experience
    Strategies for insurance companies
    Strategies for the regulatory authority
    Strategies for the government
    Concluding thoughts


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