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Donatella Porrini. Insurance Market Failures. Encyclopedia of Law and Economics 2021, 1 -4.
AMA StyleDonatella Porrini. Insurance Market Failures. Encyclopedia of Law and Economics. 2021; ():1-4.
Chicago/Turabian StyleDonatella Porrini. 2021. "Insurance Market Failures." Encyclopedia of Law and Economics , no. : 1-4.
Natural hazards represent a major threat to cultural heritage. Literature has analyzed this nexus using different approaches depending on their focus. To provide a comprehensive understanding of the core pillars structuring the field, we use a machine-human methodology that combines bibliometric and machine-learning text analysis. We focus on a sample of 565 peer-reviewed documents published between 1988 and 2020. Results prove there is increasing interest in the topic, covering different types of hazards depending on the area of interest and its most frequently associated risks. To enhance the granularity of the analysis we apply machine learning to the publications abstracts and we classify documents based on their core topics. We find that the field is highly diverse and includes conservation, restoration and management of historical sites and cultural heritage. Scholars use sophisticated tools and innovative methodologies to account for this heterogeneity. We highlight the need for stronger interdisciplinarity in the field and we call for further progresses in spatial-explicit analysis. Finally, we point towards more inclusion of humanities in the area to account for the cultural aspects of heritage protection.
Francesco De Masi; Francesca Larosa; Donatella Porrini; Jaroslav Mysiak. Cultural heritage and disasters risk: A machine-human coupled analysis. International Journal of Disaster Risk Reduction 2021, 59, 102251 .
AMA StyleFrancesco De Masi, Francesca Larosa, Donatella Porrini, Jaroslav Mysiak. Cultural heritage and disasters risk: A machine-human coupled analysis. International Journal of Disaster Risk Reduction. 2021; 59 ():102251.
Chicago/Turabian StyleFrancesco De Masi; Francesca Larosa; Donatella Porrini; Jaroslav Mysiak. 2021. "Cultural heritage and disasters risk: A machine-human coupled analysis." International Journal of Disaster Risk Reduction 59, no. : 102251.
This study investigates the relationship between Information and Communication Technology (ICT) penetration, electricity consumption, economic growth, and environmental pollution within a multivariate framework. A panel of 16 EU countries was analyzed over the 1990–2017 period. The results of the Dumitrescu-Hurlin panel causality tests reveal the existence of a one-way causality running from ICT usage and electricity consumption and which, in turn, causes a rise in CO2 emissions and improves GDP. Panel Mean-Group regression results highlight that economic growth is also an important driver of electricity demand as a 1% economic growth rate is associated with a 0.13% increase in per capita electricity consumption. These results demonstrate for the first time in the literature a single assessment on the linkages among ICT, electricity use and environmental pollution with a novel focus on the EU. Based on these results, adequate measures should encompass the adverse environmental effects of ICT, while energy saving policies must be carefully implemented in order not to hinder economic growth.
Cosimo Magazzino; Donatella Porrini; Giulio Fusco; Nicolas Schneider. Investigating the link among ICT, electricity consumption, air pollution, and economic growth in EU countries. Energy Sources, Part B: Economics, Planning, and Policy 2021, 1 -23.
AMA StyleCosimo Magazzino, Donatella Porrini, Giulio Fusco, Nicolas Schneider. Investigating the link among ICT, electricity consumption, air pollution, and economic growth in EU countries. Energy Sources, Part B: Economics, Planning, and Policy. 2021; ():1-23.
Chicago/Turabian StyleCosimo Magazzino; Donatella Porrini; Giulio Fusco; Nicolas Schneider. 2021. "Investigating the link among ICT, electricity consumption, air pollution, and economic growth in EU countries." Energy Sources, Part B: Economics, Planning, and Policy , no. : 1-23.
In a world of increasing and worse and worse climate events, there is an urgent need to find how to manage the climate change risk and make cultural heritage more resilient. Given the relevant threat represented by climate-related events, this paper aims to analyze the role of insurance in safeguarding cultural heritage from natural disasters. The focus is on Italian Churches seen as a particular case of study. Taking into consideration the characteristics of the managing risk strategy, we use a value-belief-norm approach and a decision tree analysis to evaluate the efficiency of the governance scheme adopted. In the case examined of the Italian Churches, the strategy is mainly based on a private insurance contract characterized by a double track, local and national, to reach the important goal of the full coverage of all churches. We conclude that cultural heritage can drive climate action and the originality of the Italian Churches strategy can represent a benchmark in this field.
Donatella Porrini; Francesco De Masi. Managing climate change risk: the case of the Italian Churches. Natural Hazards 2020, 105, 2619 -2637.
AMA StyleDonatella Porrini, Francesco De Masi. Managing climate change risk: the case of the Italian Churches. Natural Hazards. 2020; 105 (3):2619-2637.
Chicago/Turabian StyleDonatella Porrini; Francesco De Masi. 2020. "Managing climate change risk: the case of the Italian Churches." Natural Hazards 105, no. 3: 2619-2637.
Purpose The term “charity hazard” refers to the issue of the crowding out of insurance by co-existing relief programs in the context of different institutional governmental disaster schemes. In this context, the aim of this paper is to verify if the charity hazard phenomenon exists in the Italian agricultural insurance scheme. Design/methodology/approach Annual data regarding crop insurance, subsidies and farm structure were extracted from ISMEA, ISTAT and FADN databases. A SYS-GMM dynamic panel model was estimated, considering the 2010–2017 time period and the Italian Regions as units of the analysis. Findings The empirical results highlight a negative relation between crop subsidies and the farmers' policies and total premium paid. The disincentive and crowd-out effects of public aid and subsidies on the choice of whether or not to take out an agricultural insurance policy ends up being one of the key factors for the low level of penetration of the agricultural insurance in Italy. Practical implications Since the diffusion of agricultural insurance can contribute to the general objective of sustainability and resilience, the implementation of alternative solutions to subsidies could be needed (e.g. the introduction of mandatory insurance against adversities or financial support for a geographically specific insurance tool). Originality/value Investigating empirically the determinants of the agricultural insurance policy diffusion among the Italian Regions, this study ensures an original contribution to the scientific progress in the field, demonstrating the existence of charity hazard caused by the public subsidies provision.
Pier Paolo Miglietta; Donatella Porrini; Giulio Fusco; Fabian Capitanio. Crowding out agricultural insurance and the subsidy system in Italy: empirical evidence of the charity hazard phenomenon. Agricultural Finance Review 2020, 81, 237 -249.
AMA StylePier Paolo Miglietta, Donatella Porrini, Giulio Fusco, Fabian Capitanio. Crowding out agricultural insurance and the subsidy system in Italy: empirical evidence of the charity hazard phenomenon. Agricultural Finance Review. 2020; 81 (2):237-249.
Chicago/Turabian StylePier Paolo Miglietta; Donatella Porrini; Giulio Fusco; Fabian Capitanio. 2020. "Crowding out agricultural insurance and the subsidy system in Italy: empirical evidence of the charity hazard phenomenon." Agricultural Finance Review 81, no. 2: 237-249.
Earthquake insurance can be a useful tool to build more sustainable societies and disaster-resilient communities. However, the coverage is not common in many countries. This article aims to contribute to the literature through an empirical analysis of the online interest in earthquake insurance through Google Trends. The proposed methodology implies to move from a top-down conceptual approach to a bottom-up/data-enabled one. It allows us to explore potential triggers and dynamic patterns of online interest in earthquake insurance at daily time-scale through the lens of Big Data. In order to validate the methodology, the article considers Italy as a test area. For this country, where the coverage rate is low, we fuse multiple databases to create 16-year daily time series of public search activities about the insurance in Italy and analyse it with other data sources. As a result, the peak analysis shows a connection with the occurrences of large domestic earthquakes, overseas earthquakes, and policy decisions, which create time windows of opportunities for insurers and policymakers to boost the public’s motivation towards the coverages. The research outcomes suggest that the data-enabled approach can additionally be applied in other countries where the coverage rate is low and stakeholders are facing the challenge to strive against earthquake under-insurance.
Fabrizio Terenzio Gizzi; JongHun Kam; Donatella Porrini. Time windows of opportunities to fight earthquake under-insurance: evidence from Google Trends. Humanities and Social Sciences Communications 2020, 7, 1 -11.
AMA StyleFabrizio Terenzio Gizzi, JongHun Kam, Donatella Porrini. Time windows of opportunities to fight earthquake under-insurance: evidence from Google Trends. Humanities and Social Sciences Communications. 2020; 7 (1):1-11.
Chicago/Turabian StyleFabrizio Terenzio Gizzi; JongHun Kam; Donatella Porrini. 2020. "Time windows of opportunities to fight earthquake under-insurance: evidence from Google Trends." Humanities and Social Sciences Communications 7, no. 1: 1-11.
This study adopts a nonparametric approach to assess the efficiency performances in the forestry firms and then stratifies them according to an environmental risk metric, revealing the existing nexus between economic profitability, environmental vulnerability and risks. Data cover the period 2013–2015 and refer to 69 Italian firms which carry out forestry and use forest areas. Results highlight that the input‐ and output‐oriented efficiency performances in Italy are, on average, higher for forestry firms belonging to the medium and high environmental risk classes. Nevertheless, forestry firms exposed to low environmental risk show greater improvement towards efficiency over time, demonstrating that the adoption of responsible firm strategy can lead to concrete operative results, both economically and environmentally, even in a short‐term perspective. As a scientific contribution, both methodological and empirical, the study highlights managerial and policy implications in terms of environmental risk management strategy for the Italian forestry firms and devoted regions.
Pierluigi Toma; Pier Paolo Miglietta; Domenico Morrone; Donatella Porrini. Environmental risks and efficiency performances: The vulnerability of Italian forestry firms. Corporate Social Responsibility and Environmental Management 2020, 27, 2793 -2803.
AMA StylePierluigi Toma, Pier Paolo Miglietta, Domenico Morrone, Donatella Porrini. Environmental risks and efficiency performances: The vulnerability of Italian forestry firms. Corporate Social Responsibility and Environmental Management. 2020; 27 (6):2793-2803.
Chicago/Turabian StylePierluigi Toma; Pier Paolo Miglietta; Domenico Morrone; Donatella Porrini. 2020. "Environmental risks and efficiency performances: The vulnerability of Italian forestry firms." Corporate Social Responsibility and Environmental Management 27, no. 6: 2793-2803.
Climate-smart agriculture (CSA) is a technologically innovative response to the challenges faced by agriculture due to climate change. Its implementation needs a change of mentality in the direction of an approach that takes into account how the increase in technologically induced productivity affects climate change. In the belief that the in-depth analysis conducted by scientific research plays a fundamental role, we explore the characteristics, actors, and pillars of CSA, examining both the scientific literature and financed projects. Specifically, through a systematic review of the literature we address both the application and barriers to implementation at a global level, and then we focus on a case study of the geographical distribution of CSA projects in Europe. Our results show a heterogeneous framework in which we can note discrepancies among countries. Finally, as conclusive remarks, we consider the type of policies that could be implemented to improve the diffusion of CSA in the near future.
Giulio Fusco; Marta Melgiovanni; Donatella Porrini; Traci Michelle Ricciardo. How to Improve the Diffusion of Climate-Smart Agriculture: What the Literature Tells Us. Sustainability 2020, 12, 5168 .
AMA StyleGiulio Fusco, Marta Melgiovanni, Donatella Porrini, Traci Michelle Ricciardo. How to Improve the Diffusion of Climate-Smart Agriculture: What the Literature Tells Us. Sustainability. 2020; 12 (12):5168.
Chicago/Turabian StyleGiulio Fusco; Marta Melgiovanni; Donatella Porrini; Traci Michelle Ricciardo. 2020. "How to Improve the Diffusion of Climate-Smart Agriculture: What the Literature Tells Us." Sustainability 12, no. 12: 5168.
Agriculture plays a key role in providing a wide range of ecosystem services, such as food, feed, fiber and biofuel, thus taking part in the economic development of countries. On the other hand, this sector also gives rise to negative externalities. The eco-efficiency has been considered as a meaningful index for assessing how efficient economic activities are in terms of resource-use and environmental pressures: measuring eco-efficiency provides policy makers with important information for developing policies focused on sustainable management and efficient use of natural resources in the agricultural sector. In this context, sustainable development is now one of the most important objectives of the European Union Common Agricultural Policy (CAP) that has a key role in facing the challenges of the new paradigm of sustainability of agriculture. In this direction, the aim of this paper is to evaluate the eco-efficiency of the Italian agricultural sector, as an index useful for emphasizing the differences among some national geographical areas. This paper tries to fill the lack of scientific studies on agricultural eco-efficiency in Italy, despite the strategic role played by Italy in Europe. For this purpose, the Data Envelopment Analysis (DEA) methodology was used, focusing on the integration between agricultural productivity and resource conservation, in order to develop a support tool for policy makers and managers. The analysis had shown a better orientation in saving resources for the Southern Regions and a greater orientation in productivity for the Northern Regions. Overall, Italy seems to have a good capacity for sustainable management of agricultural resources although there is still space for improvement. In this regard, the measurement of eco-efficiency provides a useful index for policy makers to achieve better performances in terms of agricultural sustainability. This means that CAP subsidies should be granted in exchange for specific environmental externalities provided by farmers as a result of more ecologically friendly management with a land use planning avoiding the depleting of Ecosystem Services rich areas, allowing for the achievement of a balance between economic growth and ecosystem protection. Although the paper has expanded the literature on agricultural eco-efficiency, this work has some limitations that could serve as a reference for future studies that can include other ecological variables such as the provision of some ecosystem services that can be enhanced or impacted by agricultural development. Finally, the challenge to realize sustainable agriculture can represent a long-term guarantee of food security as well as societal well-being.
Benedetta Coluccia; Donatella Valente; Giulio Fusco; Federica De Leo; Donatella Porrini. Assessing agricultural eco-efficiency in Italian Regions. Ecological Indicators 2020, 116, 106483 .
AMA StyleBenedetta Coluccia, Donatella Valente, Giulio Fusco, Federica De Leo, Donatella Porrini. Assessing agricultural eco-efficiency in Italian Regions. Ecological Indicators. 2020; 116 ():106483.
Chicago/Turabian StyleBenedetta Coluccia; Donatella Valente; Giulio Fusco; Federica De Leo; Donatella Porrini. 2020. "Assessing agricultural eco-efficiency in Italian Regions." Ecological Indicators 116, no. : 106483.
The paper addresses the research question of whether black boxes affect the market efficiency, particularly by reducing the level of premiums. The case analyzed is the Italian motor-vehicle insurance market, characterized by the greatest amount of black boxes in the world as a consequence of regulatory interventions that fostered the spread of these kinds of devices. Particularly, using the data provided by the Italian Insurance Authority (IVASS), we show a specific relation between the increasing number of these devices and the decreasing trend in average premium. Conclusive remarks outline that in the near future this efficiency effect may increase because of the specific use of information derived from the black box that reveals the behaviors of the drivers and allows for innovative ways of individually profiling the insurance policies.
Donatella Porrini; Giulio Fusco; Cosimo Magazzino. Black boxes and market efficiency: the effect on premiums in the Italian motor-vehicle insurance market. European Journal of Law and Economics 2020, 49, 455 -472.
AMA StyleDonatella Porrini, Giulio Fusco, Cosimo Magazzino. Black boxes and market efficiency: the effect on premiums in the Italian motor-vehicle insurance market. European Journal of Law and Economics. 2020; 49 (3):455-472.
Chicago/Turabian StyleDonatella Porrini; Giulio Fusco; Cosimo Magazzino. 2020. "Black boxes and market efficiency: the effect on premiums in the Italian motor-vehicle insurance market." European Journal of Law and Economics 49, no. 3: 455-472.
Insurance represents one of the main instruments, together with other risk management mechanisms, to face the adverse effects produced by natural calamity that, despite their growing intensity and the enormous costs, are still perceived as “exceptional”. Risk management is an important part of farming, and it is a concern for those governments which aim at achieving their agricultural policy targets. In this context, crop insurance can also represent a financial mitigation tool for farmers to face climate change consequences. This study is focused on the Italian case analyzing the evolution of public support and its effect on risk management policy in agriculture. Our research, based on panel data regressions, provides two different levels of analysis. The first one evaluates how the reimbursed value issued by insurance companies in favor of agricultural firms, as recovery from natural adversities, affects farmers’ profitability. The second one evaluates how the reimbursed value is used in farm management. The results of the analysis demonstrating the significance of insurance variables and their positive effect on the profitability of the farms, represent a strong advance in the farm risk management field
Donatella Porrini; Giulio Fusco; Pier Paolo Miglietta. Post-Adversities Recovery and Profitability: The Case of Italian Farmers. International Journal of Environmental Research and Public Health 2019, 16, 3189 .
AMA StyleDonatella Porrini, Giulio Fusco, Pier Paolo Miglietta. Post-Adversities Recovery and Profitability: The Case of Italian Farmers. International Journal of Environmental Research and Public Health. 2019; 16 (17):3189.
Chicago/Turabian StyleDonatella Porrini; Giulio Fusco; Pier Paolo Miglietta. 2019. "Post-Adversities Recovery and Profitability: The Case of Italian Farmers." International Journal of Environmental Research and Public Health 16, no. 17: 3189.
The law and economics analysis of the climate change remedies has been focused on the question of which would be the policy instrument most suited to provide incentives to reduce greenhouse gas emissions. The literature focuses mainly on the comparison of carbon taxes and emission trading scheme. But a relevant role can be played by financial and insurance instruments, especially considering the adaptation and mitigation strategies. Finally, another instrument is considered, largely used to internalize other environmental externalities but still not so much analysed for climate change, the liability system.
Donatella Porrini. Climate Change Remedies. Encyclopedia of Law and Economics 2019, 232 -237.
AMA StyleDonatella Porrini. Climate Change Remedies. Encyclopedia of Law and Economics. 2019; ():232-237.
Chicago/Turabian StyleDonatella Porrini. 2019. "Climate Change Remedies." Encyclopedia of Law and Economics , no. : 232-237.
The choice between environmental policies is traditionally considered in terms of ex ante versus ex post interventions on the behavior of (potential) injurers that (can) cause an environmental accident with a consequent environmental damage. Moreover, market-based policies can be implemented as an indirect form of incentive for correct behavior. The two market-based policies, taxes and tradable permits system, are compared on the basis of the difference between price and quantity instruments. And finally, the real situation of the presence of an environmental policy mix is considered as a research challenging topic.
Donatella Porrini. Environmental Policy: Choice. Encyclopedia of Law and Economics 2019, 755 -760.
AMA StyleDonatella Porrini. Environmental Policy: Choice. Encyclopedia of Law and Economics. 2019; ():755-760.
Chicago/Turabian StyleDonatella Porrini. 2019. "Environmental Policy: Choice." Encyclopedia of Law and Economics , no. : 755-760.
Insurance market is characterized by failures that impose particular negative consequences; given the failures, different remedies may improve the market outcome. On one hand, the insurance market is characterized by asymmetric information, i.e. moral hazard and adverse selection, and to correct the consequent severe market failures, monitoring and risk classification can be implemented. On the other hand, the insolvency issue: given the enormous amounts of funds in the hands of insurance companies, their default would have an extreme impact, and regulation is necessary to guarantee the payback for policyholders and beneficiaries.
Donatella Porrini. Insurance Market Failures. Encyclopedia of Law and Economics 2019, 1175 -1178.
AMA StyleDonatella Porrini. Insurance Market Failures. Encyclopedia of Law and Economics. 2019; ():1175-1178.
Chicago/Turabian StyleDonatella Porrini. 2019. "Insurance Market Failures." Encyclopedia of Law and Economics , no. : 1175-1178.
The aim of this article is to analyze the role of insurance for the coverage of damages deriving from natural disasters, focusing on the specific case of the Italian cathedrals. In this sense, a survey was conducted among the Italian Dioceses asking them to complete a questionnaire, through which the data useful for the analysis of the spread of insurance contracts and for other qualitative and quantitative elements linked to the decisional process of being insured were collected. The achieved coverage is equal to 29.02% of the Italian Dioceses, corresponding to 65 answers of a total of 224 contacts. In particular, the questionnaires investigate insurance presence, perception and awareness, willingness to pay and future prospects. An in-depth analysis about all the data deriving from the survey is provided, trying to compare some results and finally some considerations are presented on future research perspectives. What emerges is in some aspects surprising, because it allows to identify a significant financial culture and knowledge of the importance covered by insurance in the governance of disaster risk: for 62% of the cases analyzed, they have already underwritten this type of contract.
Donatella Porrini; Francesco De Masi; Dipartimento Di Scienze Dell'economia Associate Professor; Dipartimento Di Scienze Dell'Economia Ph.D. Student. The role of insurance in the management of disaster risk: the case of the Italian cathedrals. Insurance Markets and Companies 2019, 10, 9 -25.
AMA StyleDonatella Porrini, Francesco De Masi, Dipartimento Di Scienze Dell'economia Associate Professor, Dipartimento Di Scienze Dell'Economia Ph.D. Student. The role of insurance in the management of disaster risk: the case of the Italian cathedrals. Insurance Markets and Companies. 2019; 10 (1):9-25.
Chicago/Turabian StyleDonatella Porrini; Francesco De Masi; Dipartimento Di Scienze Dell'economia Associate Professor; Dipartimento Di Scienze Dell'Economia Ph.D. Student. 2019. "The role of insurance in the management of disaster risk: the case of the Italian cathedrals." Insurance Markets and Companies 10, no. 1: 9-25.
It is known that financial insurance can address the economic impacts of a natural disaster, but some ecological aspects can play a crucial role in mitigating the overall risks for socio-ecological systems. To better strengthen the study of these relations, the aims of this paper are: (1) to analyze the main research topics of the scientific literature on ecological and/or financial-economic insurance to face natural disasters, through a co-word network analysis; (2) to analyze the temporal trends of the total Gross Insurance Premium and Meteorological and climatological extreme events in 29 OECD countries; and (3) to carry out a Principal Component Analysis (PCA) of some selected variables in order to conceptualize a first empirical model combining financial-economic and ecological insurance to face natural disasters. The literature review has shown a predominance of topics related to financial insurance (about 60%), and the co-word map of key words has highlighted a common space where economic and ecological insurances interact. PCA highlighted three major components explaining 90.6% of the overall variation and discriminating aspects more related to the “financial” insurance, from those related to the “ecological” insurance. More in detail, PC1, which represents the financial insurance, explains the 60.4% of variation, PC2 and PC3 that represent surrogates of the “ecological” insurance explain respectively the 19.6% and the 10.6% of variation. On the basis of the application of the proposed empirical model, countries with high levels of financial and ecological preparedness have been identified. The next steps of this research will be focused on a pilot study area where a quantitative assessment will be applied to better define the landscape contribution to natural disaster risk mitigation, the analysis of the role of social capital through a cross-scales approach, in terms of policies and management strategies, and the investigation of innovative economic tools to take into account specific payment for ecosystem services in the context of natural disasters.
Donatella Valente; Pier Paolo Miglietta; Donatella Porrini; Maria Rita Pasimeni; Giovanni Zurlini; Irene Petrosillo. A first analysis on the need to integrate ecological aspects into financial insurance. Ecological Modelling 2018, 392, 117 -127.
AMA StyleDonatella Valente, Pier Paolo Miglietta, Donatella Porrini, Maria Rita Pasimeni, Giovanni Zurlini, Irene Petrosillo. A first analysis on the need to integrate ecological aspects into financial insurance. Ecological Modelling. 2018; 392 ():117-127.
Chicago/Turabian StyleDonatella Valente; Pier Paolo Miglietta; Donatella Porrini; Maria Rita Pasimeni; Giovanni Zurlini; Irene Petrosillo. 2018. "A first analysis on the need to integrate ecological aspects into financial insurance." Ecological Modelling 392, no. : 117-127.
The aim of this article is to analyze the concept of “vulnerability” to natural disasters, focusing on the specific case of the Italian earthquake insurance. In this sense, we examine in detail the vulnerability definition and its relevance for citizens and for insurance companies. Then we investigate the Italian insurance market characterized by a very low penetration of natural disasters insurance and the potential effects of a recent Government initiative called “Sisma Bonus”. The idea is that its technical content, in terms of a specific definition of vulnerability, may contribute to developing a better consciousness about vulnerability and a larger diffusion of insurance products.
Francesco De Masi; Donatella Porrini. Vulnerability to Natural Disasters and Insurance: Insights from the Italian Case. International Journal of Financial Studies 2018, 6, 56 .
AMA StyleFrancesco De Masi, Donatella Porrini. Vulnerability to Natural Disasters and Insurance: Insights from the Italian Case. International Journal of Financial Studies. 2018; 6 (2):56.
Chicago/Turabian StyleFrancesco De Masi; Donatella Porrini. 2018. "Vulnerability to Natural Disasters and Insurance: Insights from the Italian Case." International Journal of Financial Studies 6, no. 2: 56.
Despite their growing intensity and the enormous costs, adverse meteorological events are still perceived as “exceptional”. Among the adverse weather events, the management of drought risk plays a key role due to the more pressing problem of the scarcity of water resources. In this context, agricultural insurance can represent a financial and risk mitigation tool for farmers. In this perspective, the aims of this study are: (1) to analyze, through a systematic review, the main findings of the scientific literature focused on the empirical and theoretical approach to the relation between adverse weather events in agriculture, risk and insurance; (2) to collect agroclimatic and insurance data for each Italian province for the period 2004-2011, (3) to measure the influence of climatic agroclimatic variables on insurance variables, i.e. Total Premiums, Insured Value and Certificates.The results of the analysis show the significance of the precipitation variable and its negative effect with each insurance dependent variable. The same result can be observed focusing on the effect of minimum temperature on two insurance variables, i.e. Total Premiums and Certificates. Models tested explain a range between 44% and 51% of the variation in our insurance dependent variables.
Giulio Fusco; Pier Paolo Miglietta; Donatella Porrini. How Drought Affects Agricultural Insurance Policies: The Case of Italy. Journal of Sustainable Development 2018, 11, p1 .
AMA StyleGiulio Fusco, Pier Paolo Miglietta, Donatella Porrini. How Drought Affects Agricultural Insurance Policies: The Case of Italy. Journal of Sustainable Development. 2018; 11 (2):p1.
Chicago/Turabian StyleGiulio Fusco; Pier Paolo Miglietta; Donatella Porrini. 2018. "How Drought Affects Agricultural Insurance Policies: The Case of Italy." Journal of Sustainable Development 11, no. 2: p1.
The article analyzes the regulatory framework in the insurance market in connection with the advent of Big Data, such as information collected from different sources that can be manipulated by new technologies. The use of Big Data offers significant opportunities to the insurance companies in terms of digitization of the distribution channels and greater knowledge of the customers, which is instrumental to a more effective identification of the individual’s risk profile, as well as improvement of the competitiveness. However, regulatory measures are needed for a proper use of Big Data in terms of respect of the individual privacy, potential discrimination and constraint on competition.
Donatella Porrini. Regulating Big Data effects in the European insurance market. Insurance Markets and Companies 2017, 8, 6 -15.
AMA StyleDonatella Porrini. Regulating Big Data effects in the European insurance market. Insurance Markets and Companies. 2017; 8 (1):6-15.
Chicago/Turabian StyleDonatella Porrini. 2017. "Regulating Big Data effects in the European insurance market." Insurance Markets and Companies 8, no. 1: 6-15.
Donatella Porrini; Fabrizio Striani. Sustainable Development as a Macro-Regional Goal. Journal of Reviews on Global Economics 2017, 6, 87 -97.
AMA StyleDonatella Porrini, Fabrizio Striani. Sustainable Development as a Macro-Regional Goal. Journal of Reviews on Global Economics. 2017; 6 ():87-97.
Chicago/Turabian StyleDonatella Porrini; Fabrizio Striani. 2017. "Sustainable Development as a Macro-Regional Goal." Journal of Reviews on Global Economics 6, no. : 87-97.