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Climate Change and Reinsurance. Edition No. 1
VDM Publishing House, Jan 2009, Pages: 176
In order to comprehend the reasons why climate
actually changes, the creation of the solar system
as well as the evolution of the planets, are the
starting point of this book. The Sun’s energy
constitutes a huge influence on the Earth’s
atmosphere, which is, amongst other factors,
responsible for the climate on Earth and the
interdependence with life on the planet. It is also
a widely known but not yet fully acknowledged fact
that the current climate alteration is heavily
influenced by human interference. This influence is
reciprocal as the changing climate gives rise to
shifting living conditions on the planet Earth. Not
only do climate and its change both influence social
facts such as mass migration and food security, but
also several industries are dependent on stable
conditions. This book is dealing with the
reinsurance industry for which climate change is a
factor of vast forced adaptation. Whether the
creation of catastrophe reinsurance tools will be
enough to avoid global bankruptcy is yet to be seen.
The author summarises the human influences on the
current climate alteration and its consequences for
the reinsurance industry.
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