Influence of flood risk characteristics on flood insurance demand: A comparison between Germany and the Netherlands

The existence of sufficient demand for insurance coverage against infrequent losses is important for the adequate function of insurance markets for natural disaster risks. This study investigates how characteristics of flood risk influence household flood insurance demand based on household surveys undertaken in Germany and the Netherlands. Our analyses confirm the hypothesis that willingness to pay (WTP) for insurance against medium-probability medium-impact flood risk in Germany is higher than WTP for insurance against low-probability high-impact flood risk in the Netherlands. These differen... Mehr ...

Volltext
Verfasser: Seifert, I
Botzen, W.J.W.
Kreibich, H.
Aerts, J.C.J.H.
Dokumenttyp: Artikel
Erscheinungsdatum: 2013
Reihe/Periodikum: Seifert , I , Botzen , W J W , Kreibich , H & Aerts , J C J H 2013 , ' Influence of flood risk characteristics on flood insurance demand: A comparison between Germany and the Netherlands ' , Natural Hazards and Earth System Sciences , vol. 13 , pp. 1691-1705 . https://doi.org/10.5194/nhess-13-1691-2013
Schlagwörter: /dk/atira/pure/sustainabledevelopmentgoals/sustainable_cities_and_communities / name=SDG 11 - Sustainable Cities and Communities / /dk/atira/pure/sustainabledevelopmentgoals/climate_action / name=SDG 13 - Climate Action
Sprache: Englisch
Permalink: https://search.fid-benelux.de/Record/base-29213098
Datenquelle: BASE; Originalkatalog
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Link(s) : https://research.vu.nl/en/publications/01a60039-b5ba-4158-963a-c2980b15d476

The existence of sufficient demand for insurance coverage against infrequent losses is important for the adequate function of insurance markets for natural disaster risks. This study investigates how characteristics of flood risk influence household flood insurance demand based on household surveys undertaken in Germany and the Netherlands. Our analyses confirm the hypothesis that willingness to pay (WTP) for insurance against medium-probability medium-impact flood risk in Germany is higher than WTP for insurance against low-probability high-impact flood risk in the Netherlands. These differences in WTP can be related to differences in flood experience, individual risk perceptions, and the cha.