Max TesselaarVrije Universiteit Amsterdam | VU · The Institute for Environmental Studies (IVM)
Max Tesselaar
Master of Science
About
6
Publications
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53
Citations
Citations since 2017
Introduction
Exploring strategies for flood insurance to deal with challenges posed by climate change. Recently, I have focused on assessing the interplay between governments and private insurers. In particular, on how the impact of unconditional government aid of uninsured damage can crowd out insurance demand, leading to higher budgetary strain in the future. As a next project, I'm working on modelling the interaction of insurance and economic development in floodplains.
Skills and Expertise
Publications
Publications (6)
In the United States (U.S.), there is no one base policy for property insurance that can cover all disaster perils such as floods and windstorms. Hurricane-based insurance is intrinsically complex because the disaster peril may be excluded from a regular insurance policy and thus homeowners need to purchase a separate policy for that risk. Besides,...
This study addresses the role of natural hazard insurance in two European countries with different insurance markets and socioeconomic conditions: Sweden and Portugal. The analyses were conducted at the national, regional (Southern Sweden and Lisbon Metropolitan Area – LMA), and local (Malmö and Lisbon cities) scales. Most damage caused by weather...
The flood insurance protection gap, the level of uninsured flood risk, is a problem faced by many European countries and is expected to increase due to climate change. In some countries a cause of low demand for flood insurance is the crowding out of private insurance uptake due to the anticipation of government compensation for uninsured damage, a...
Flood insurance coverage can enhance financial resilience of households to changing flood risk caused by climate change. However, income inequalities imply that not all households can afford flood insurance. The uptake of flood insurance in voluntary markets may decline when flood risk increases as a result of climate change. This increase in flood...
The increasing frequency and severity of natural catastrophes due to climate change is expected to cause higher natural disaster losses in the future. Reinsurance companies bear a large share of this risk in the form of excess-of-loss coverage, where they underwrite the most extreme portion of insurers’ risk portfolios. Past experience has shown th...
