The Economic Consequences of the Risk-Reward of Collateral due to Global Warming and the Avalanche of Natural Catastrophes: The Potential Aftermath of the Annihilation of the Market Capitalization of Insurers, Reinsurers, and Banks
Year: 2024
Type: article
Abstract: This paper delves into how insurers, reinsurers, and banking institutions must adapt their risk-reward assumption methodologies. This is in response to the current and future disproportionate weather occurrences caused by Global Warming and The Avalanche of Natural Catastrophes. The combined repercussions of these intertwined cataclysmic factors can significantly impact the financial stability of collateral, such as insurance policies for consumers offered by insurers and backed by reinsurers to safeguard loans assumed by banking institutions.
Author: David Allen Dodson
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
SDG: Climate action
Open Access status: green
OpenAlex ID: W6893232929
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