New Findings from National Research Council Describe Advances in Disaster Risk Reduction (Disaster Risk Insurance: a Comparison of National Schemes In the Eu-28)

2019 MAY 09 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Current study results on Disaster Risk Reduction have been published. According to news reporting out of Milan, Italy, by NewsRx editors, the research stated, “This paper analyses the insurance schemes against losses from natural disasters, in place in the EU-28 for residential properties, showing their complexity and variety. The comparison leads to the following conclusions.”

Our news journalists obtained a quote from the research from National Research Council, “First, very high insurance penetration rates are usually associated with the direct involvement of the Government in the scheme, while they are not strictly correlated to its voluntary or compulsory nature, also because many intermediate solutions have been developed by EU countries. Second, since the link between insurance and risk reduction is not automatic, creative supporting measures are being tested by insurance schemes across the EU. Their success is, anyway, often disputed and needs to be further investigated.”

According to the news editors, the research concluded: “Third, the way ex post Government compensation is shaped does not directly impact on insurance penetration rates, but a certain degree of coordination between ex post Government compensation and insurance programs has the advantage of improving the efficient allocation of financial resources in risk management.”

For more information on this research see: Disaster Risk Insurance: a Comparison of National Schemes In the Eu-28. International Journal of Disaster Risk Reduction, 2019;35():. International Journal of Disaster Risk Reduction can be contacted at: Elsevier Science Bv, PO Box 211, 1000 Ae Amsterdam, Netherlands. (Elsevier - www.elsevier.com; International Journal of Disaster Risk Reduction - http://www.journals.elsevier.com/international-journal-of-disaster-risk-reduction/)

Our news journalists report that additional information may be obtained by contacting S. Paleari, National Research Council, Res Inst Sustainable Econ Growth IRCrES, Via Corti 12, I-20133 Milan, Italy.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.ijdrr.2018.12.021. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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