scholarly journals Determinants of Probability Neglect and Risk Attitudes for Disaster Risk: An Online Experimental Study of Flood Insurance Demand among Homeowners

Risk Analysis ◽  
2019 ◽  
Vol 39 (11) ◽  
pp. 2514-2527 ◽  
Author(s):  
Peter John Robinson ◽  
W. J. Wouter Botzen
Keyword(s):  
Experimental Study ◽  
Disaster Risk ◽  
Risk Attitudes ◽  
Flood Insurance ◽  
Insurance Demand

scholarly journals Predicting insurance demand from risk attitudes

2021 ◽  
Author(s):  
Johannes G. Jaspersen ◽  
Marc A. Ragin ◽  
Justin R. Sydnor
Keyword(s):  
Risk Attitudes ◽  
Insurance Demand

What's at Stake? Understanding the Role of Home Equity in Flood Insurance Demand

2021 ◽  
Author(s):  
Yanjun Liao ◽  
Philip Mulder
Keyword(s):  
Flood Insurance ◽  
Home Equity ◽  
Insurance Demand

scholarly journals Privacy Protection, Risk Attitudes, and the Need for Control: An Experimental Study

2016 ◽  
Author(s):  
Alisa Frik ◽  
Alexia Gaudeul
Keyword(s):  
Experimental Study ◽  
Privacy Protection ◽  
Risk Attitudes

scholarly journals Estimation of insurance premiums for coverage against natural disaster risk: an application of Bayesian Inference

2013 ◽  
Vol 13 (3) ◽  
pp. 737-754 ◽  
Author(s):  
Y. Paudel ◽  
W. J. W. Botzen ◽  
J. C. J. H. Aerts
Keyword(s):  
Monte Carlo ◽  
Bayesian Inference ◽  
The Netherlands ◽  
Disaster Risk ◽  
Flood Damage ◽  
Flood Insurance ◽  
Practical Relevance ◽  
Insurance Premiums ◽  
Catastrophe Risk ◽  
Natural Disaster Risk

Abstract. This study applies Bayesian Inference to estimate flood risk for 53 dyke ring areas in the Netherlands, and focuses particularly on the data scarcity and extreme behaviour of catastrophe risk. The probability density curves of flood damage are estimated through Monte Carlo simulations. Based on these results, flood insurance premiums are estimated using two different practical methods that each account in different ways for an insurer's risk aversion and the dispersion rate of loss data. This study is of practical relevance because insurers have been considering the introduction of flood insurance in the Netherlands, which is currently not generally available.

scholarly journals Predicting Insurance Demand from Risk Attitudes

2019 ◽  
Author(s):  
Johannes Jaspersen ◽  
Marc Ragin ◽  
Justin Sydnor
Keyword(s):  
Risk Attitudes ◽  
Insurance Demand

Analysis of Disaster Risk Attitudes in Situation Awareness

2016 ◽  
Vol 60 (1) ◽  
pp. 1514-1518
Author(s):  
Martin G. Helander ◽  
Halimahtun M. Khalid
Keyword(s):  
Situation Awareness ◽  
Social Vulnerability ◽  
Risk Attitude ◽  
Disaster Risk ◽  
Risk Identification ◽  
Cultural Analysis ◽  
Risk Attitudes ◽  
Cultural Groups ◽  
Social Divisions ◽  
And Gender

Most research on disaster use a social vulnerability approach. Social vulnerability to disaster is dynamic process that is rooted in culture, gender, ethnicity, age and other power relationships. This assumes that disasters are effects of human constructs due to their use of natural and built environments. Disaster risk is socially distributed in ways that reflect social divisions existing in society. Hence, our study investigated the effects of cultural groups and gender on risk attitudes for two types of disasters, namely natural and human-induced disasters. Risk attitude in this study is a summative of five components: risk identification, cognition, affect, trust and behavior. There were significant differences in risk attitudes between cultural groups, namely, Malaysian and Indonesian, and genders at three levels of situation awareness: perception, comprehension and projection. In addition, the study revealed utility of using attitudes and experience of disasters in psycho-cultural analysis of social vulnerabilities.

Discriminant factors of flood insurance demand for flood-hit residential properties: a case for Malaysia

2013 ◽  
Vol 8 (1) ◽  
pp. 39-51 ◽  
Author(s):  
G.U. Aliagha ◽  
A.H. Mar Iman ◽  
H.M. Ali ◽  
N. Kamaruddin ◽  
K.N. Ali
Keyword(s):  
Flood Insurance ◽  
Insurance Demand ◽  
Residential Properties
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