Naturkatastrophen und Versicherungsdeckung

Natural disasters are increasing all over the world; whether by the ever-stressed climate change or by the ever-growing mega-agglomerations where people and investments can be expected to suffer more and more damage from these catastrophes.Owing to the statistics of Swiss Reinsurance for the decade 2006 to 2015, the extent of the worldwide damage caused by natural catastrophes is visible, and likewise the small insured proportion of less than one third. By contrasting with the global gross domestic product the insurance industry covers significantly 0.063% of global GDP. The greater part of 0.157% must be borne by the injured parties themselves, if the government does not enter into a “lender of the last resort”.The following section examines the limits to which the insurance industry is subject, how it can expand the cover through risk-selection and reinsurance, and which are the natural disasters that show limits in the insurance sector.Finally, the alternative is to introduce risk transfer, where the capital market acts as a risk bearer, and to joint ventures of countries forming a kind of mutual insurance association in order to obtain more cash resources for their budgets immediately after disasters, and then to provide the necessary emergency measures.