Disastri naturali e la gestione del rischio: il ruolo dell'industria assicurativa

With the persistent rise in the frequency of natural disasters, traditional recovery mechanisms, which are highly dependent on government initiative, are becoming increasingly inadequate, stressing the need for more sustainable and efficient solutions. After briefly identifying the key concepts and definitions I proceed to provide data on the current trends of catastrophic events, exploring their plausible connection with climate change. The research outlines a comprehensive literature review on how the insurance industry currently manages the risks associated with natural disasters, discussing the components of both direct and indirect social cost, and how to measure their economic impacts. The study then shifts to an overview of the Italian insurance industry, assessing gaps in coverage and delineating its main regulatory framework. The thesis then examines alternative international experiences to explore suitable elements, for the finale purpose to draw a tailored proposal that could be adopted by the Italian market, aimed to increasing the penetration rate and improving the resilience of the system.