Articles | Volume 25, issue 1
https://doi.org/10.5194/nhess-25-49-2025
https://doi.org/10.5194/nhess-25-49-2025
Review article
 | 
06 Jan 2025
Review article |  | 06 Jan 2025

Review article: Insuring the green economy against natural hazards – charting research frontiers in vulnerability assessment

Harikesan Baskaran, Ioanna Ioannou, Tiziana Rossetto, Jonas Cels, Mathis Joffrain, Nicolas Mortegoutte, Aurelie Fallon Saint-Lo, and Catalina Spataru

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This preprint is open for discussion and under review for Natural Hazards and Earth System Sciences (NHESS).
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Cited articles

Abed, J., Rayburg, S., Rodwell, J., and Neave, M.: A Review of the Performance and Benefits of Mass Timber as an Alternative to Concrete and Steel for Improving the Sustainability of Structures, Sustainability, 14, 5570, https://doi.org/10.3390/su14095570, 2022. 
Adderly, S. A., Manukian, D., Sullivan, T. D., and Son, M.: Electric vehicles and natural disaster policy implications, Energ. Policy, 112, 437–448, https://doi.org/10.1016/J.ENPOL.2017.09.030, 2018. 
AIG Energy Industry Group: Lithium-ion Battery Energy Storage Systems, American International Group, 9 pp., GBL00002513 1/18, 2018.  
Al-Hemoud, A., Al-Dousari, A., Misak, R., Al-Sudairawi, M., Naseeb, A., Al-Dashti, H., and Al-Dousari, N.: Economic Impact and Risk Assessment of Sand and Dust Storms (SDS) on the Oil and Gas Industry in Kuwait, Sustainability, 11, 200, https://doi.org/10.3390/SU11010200, 2019. 
Allianz Commercial: A turning point for offshore wind: Global opportunities and risk trends, https://www.allianz.com/content/dam/onemarketing/azcom/Allianz_com/press/document/Allianz-Commercial_A-turning-point-for-offshore-wind.pdf, last access: 25 September 2023. 
Short summary
There is a global need for insuring green economy assets against natural hazard events. But their complexity and low exposure history mean the data required for vulnerability evaluation by the insurance industry are scarce. A systematic literature review is conducted in this study to determine the suitability of current published literature for this purpose. Knowledge gaps are charted, and a representative asset–hazard taxonomy is proposed to guide future quantitative research.
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