New Fire Hazard Risk From Policy Responses to Climate Change

Project: Research project

Project Details

Description

New Fire Hazard Risk From Policy Responses to Climate Change New Fire Hazard Risk From Policy Responses to Climate Change To our knowledge, the academic literature relevant to actuarial science and insurance has not yet addressed financial implications that may arise from disruptions to ecosystem functions. However, over the past several decades, researchers in the life and social sciences have developed some novel approaches for quantifying these risks and found empirical evidence of their financial importance. In our proposed article, we will examine the incentives contained in current carbon-sequestration programs to identify those ecosystem services most at risk through a narrow focus on carbon sequestration, and how they are geographically and temporally distributed. In the future, for insurers, the premium levels related to fire hazard, might need to take into account regional policies and solutions implemented for carbon sequestration.
StatusFinished
Effective start/end date1/1/201/31/21

Funding

  • Society of Actuaries: $9,184.00

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