MAP20250015425Climate change : extraordinary risks and public policies / MAPFRE Economics. — Madrid : Fundación MAPFRE, 2025114 p.Traducción de: Cambio climático, riesgos extraordinarios y políticas públicas. - Madrid : Fundación MAPFRE, 2025. — Traducido bajo el título: Mudança climática, riscos extraordinários e políticas públicas. - Madrid : Fundación MAPFRE, 2025Climate change and extraordinary risks -- Economic damage caused by natural disasters and insured damage: insurance protection gap -- Analysis of natural disaster protection mechanisms -- Reinsurance and securitisation through catastrophe bonds -- Climate change and insurance companies' investment portfolios -- Climate change and the CO2 emissions trading market -- An analysis of public policies. — Sumario: The report examines the growing impact of climate change on insurable extraordinary risks, in a context of extreme weather event intensification and a widening of the protection gap against natural disasters. These events represent systemic challenges that exceed the capacity of the private market and the public sector, requiring coordinated responses between insurers, governments, and international organizations. The report is structured in seven chapters that include the analysis of climate cycles and predictive models, quantification of economic damages and the level of insurance coverage, and a review of international loss protection and compensation mechanisms. It also addresses the role of reinsurance and financial instruments such as catastrophe bonds, examines the impact of climate risks on insurance investment portfolios, studies the development of CO2 emission rights markets, and presents, according to international experience, useful public policies for the mitigation, prevention, and compensation of these risks1. Seguro de riesgos extraordinarios. 2. Cambio climático. 3. Catástrofes naturales. 4. Brecha de protección. 5. Impacto económico. 6. Reaseguro. 7. Riesgo sistémico. 8. Instrumentos financieros. 9. Bonos. 10. Bonos verdes. I. Fundación MAPFRE. II. MAPFRE Economics. III. Título.
