IDENTIFICATION OF CITIZENS’ INSURANCE INTERESTS FOR PROTECTION AGAINST THE EFFECTS OF CLIMATE CHANGE
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Author(s): | Bryzgalov A. D., Bryzgalov D. V., |
| Number of journal: | 2(71) | Date: | June 2025 |
| Annotation: | In the Russian Federation, the issues of the impact of climate risks on human life and the functioning of enterprises are being addressed both at the scientific and state levels. Achieving environmental well-being as the national development goal of the Russian Federation until 2030 should take into account the prob- lems associated with occurrence of climate risks. The projected sig- nificant impact of climate risks on the economy and the health of the population of the Russian Federation is accompanied by a lack of research on possibilities of using financial mechanisms, primarily insurance, to compensate for their adverse consequences. The purpose of the scientific work is to identify the insur- ance interests of individuals in climate risk insurance and to develop approaches to the creation of climate risk insurance programs. Using general scientific methods, the article com- pares the concepts of climate risks and natural disaster risks, their interrelation, and analyzes climate risks for compliance with the concept of insurance risks. Based on the results of the sociological research, the economic and non-economic benefits of individuals exposed to climate risks are identified, including health, movable and immovable property, cash flows generated by benefits, and the priority needs of citizens for insurance pro- tection against climate risks are formed. The conducted research made it possible to identify the insur- ance interests of individuals, on the basis of which approaches to the development of climate risk insurance programs are pro- posed. The need for insurance programs for unforeseen expens- es for the restoration of human health and life support in case of occurrence of climate risks, as well as for property insur- ance programs against damage caused by occurrence of climate risks, is highlighted. | ||
| Keywords: | climate risks, insurance, insurance interest, insurance mechanism, insurance risks, insurance programs, need for insurance protection, physical emergency climate risks, long-term climate risks, transition risks, natural disaster risks |
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| For citation: | Bryzgalov D. V., Bryzgalov A. D. Identification of citizens’ insurance interests for protection against the effects of climate change. Biznes. Obrazovanie. Pravo = Business. Education. Law. 2025;2(71):110—114. DOI: 10.25683/VOLBI.2025.71.1290. |
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