Abstract/Description
The paper aims to examine the interrelation between climate risk and insurance, focusing on emerging trends, the evolution of risk assessment methodologies, and the challenges and opportunities in leveraging climate insurance to mitigate climate change risks. The study utilizes bibliometric analysis, network analysis, and content analysis on the bibliometric data comprises 1,726 documents from the Scopus database, narrowed down to 1,688 documents published within the time span of 1975-2023. The research identifies significant trends in the literature, with notable contributions from the United States, China, the United Kingdom, Germany, and France. The evolution of risk assessment methodologies reflects a shift towards addressing systemic complexity, multi hazard risks, and forward-looking scenarios. The study also highlights the role of climate risk insurance in promoting sustainable development, encouraging adaptation strategies, and reducing long-term climate change costs. Policy makers and regulators can support the insurance sector’s contribution to climate adaptation by promoting risk reduction measures and fostering public-private partnerships. Enhancing data collection and analysis, developing innovative insurance products, and integrating technological advancements can improve the accuracy of risk prediction models and the effectiveness of climate insurance. This study provides a comprehensive bibliometric review of climate risk insurance literature, offering valuable insights into the field’s development and identifying future research directions.
Keywords
Climate Risk Insurance, Climate Change, Risk Assessment, Bibliometrics Analysis
Track
Finance
Session Number/Theme
Finance - Session III
Session Chair
Dr. Javed Iqbal
Start Date/Time
14-6-2025 10:55 AM
End Date/Time
14-6-2025 12:35 PM
Recommended Citation
Horani, H. U., Amin, M., & Ahmed, F. (2025). Climate risk insurance: Bibliometric review on present, past and future. IBA SBS 4th International Conference 2025. Retrieved from https://ir.iba.edu.pk/sbsic/2025/program/81
Included in
Business Law, Public Responsibility, and Ethics Commons, Finance and Financial Management Commons
Climate risk insurance: Bibliometric review on present, past and future
The paper aims to examine the interrelation between climate risk and insurance, focusing on emerging trends, the evolution of risk assessment methodologies, and the challenges and opportunities in leveraging climate insurance to mitigate climate change risks. The study utilizes bibliometric analysis, network analysis, and content analysis on the bibliometric data comprises 1,726 documents from the Scopus database, narrowed down to 1,688 documents published within the time span of 1975-2023. The research identifies significant trends in the literature, with notable contributions from the United States, China, the United Kingdom, Germany, and France. The evolution of risk assessment methodologies reflects a shift towards addressing systemic complexity, multi hazard risks, and forward-looking scenarios. The study also highlights the role of climate risk insurance in promoting sustainable development, encouraging adaptation strategies, and reducing long-term climate change costs. Policy makers and regulators can support the insurance sector’s contribution to climate adaptation by promoting risk reduction measures and fostering public-private partnerships. Enhancing data collection and analysis, developing innovative insurance products, and integrating technological advancements can improve the accuracy of risk prediction models and the effectiveness of climate insurance. This study provides a comprehensive bibliometric review of climate risk insurance literature, offering valuable insights into the field’s development and identifying future research directions.
