The impact of climate change on life insurance premiums: a panel data analysis of EU countries’s

Detalhes bibliográficos
Autor(a) principal: Godinho, Mariana Irinéo
Data de Publicação: 2023
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/29761
Resumo: Mestrado Bolonha em Actuarial Science
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spelling The impact of climate change on life insurance premiums: a panel data analysis of EU countries’sClimate ChangeLife Insurance PremiumsGreenhouse Gas EmissionsPanel DataPooling ModelFixed Effects ModelMestrado Bolonha em Actuarial ScienceThis work examines the relationship between the life insurance market and climate change using four distinct regression models with data from the 27 countries of the European Union (EU), including the United Kingdom (UK), for the period from 2011 until 2019. Two of the models uniquely study the impact of greenhouse gas emissions on life insurance premiums, resorting to distinct panel data models: the pooling model, and the fixed effects model. The other two models feature other climate change-related variables, including the number of fatalities, the deviation of temperature with respect to a baseline climatology, corresponding to the period 1951–1980, and the Gross Domestic Product (GDP), also using the pooling and the fixed effect models. As the name suggests, the pooling model implies the use of a panel data set of all 28 countries together, whereas the fixed effects model requires some type of aggregation. Therefore, for the second panel data set, the countries are grouped into three clusters accounting for historical trends and future climate change projections used in the Assessment Reports of the Intergovernmental Panel on Climate Change (IPCC). The goal is to analyse whether the use of the fixed effects model provides a better tool to understand the variation of life insurance premiums provoked by climate change when compared to the pooling model. The results of the first two models have shown that an increase of one thousand tonnes in greenhouse gas emissions is estimated to increase the total life insurance premiums by, respectively, 0.2099 and 0.2243 million US dollars. However, when the other variables are included in the first two models, these values change to −0.2681 and −0.2660 million US dollars, respectively. Meanwhile, the explicative power of the life insurance premiums variance increases significantly from the first two to the other two models, which may be a positive indicator.Instituto Superior de Economia e GestãoMoura, AlexandraSimões, OnofreRepositório da Universidade de LisboaGodinho, Mariana Irinéo2024-01-10T15:52:05Z2023-102023-10-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.5/29761engGodinho, Mariana Irinéo (2023). "The impact of climate change on life insurance premiums: a panel data analysis of EU countries’s". Dissertação de Mestrado. Universidade de Lisboa. Instituto Superior de Economia e Gestão.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-14T01:32:14Zoai:www.repository.utl.pt:10400.5/29761Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:40:27.674643Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The impact of climate change on life insurance premiums: a panel data analysis of EU countries’s
title The impact of climate change on life insurance premiums: a panel data analysis of EU countries’s
spellingShingle The impact of climate change on life insurance premiums: a panel data analysis of EU countries’s
Godinho, Mariana Irinéo
Climate Change
Life Insurance Premiums
Greenhouse Gas Emissions
Panel Data
Pooling Model
Fixed Effects Model
title_short The impact of climate change on life insurance premiums: a panel data analysis of EU countries’s
title_full The impact of climate change on life insurance premiums: a panel data analysis of EU countries’s
title_fullStr The impact of climate change on life insurance premiums: a panel data analysis of EU countries’s
title_full_unstemmed The impact of climate change on life insurance premiums: a panel data analysis of EU countries’s
title_sort The impact of climate change on life insurance premiums: a panel data analysis of EU countries’s
author Godinho, Mariana Irinéo
author_facet Godinho, Mariana Irinéo
author_role author
dc.contributor.none.fl_str_mv Moura, Alexandra
Simões, Onofre
Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Godinho, Mariana Irinéo
dc.subject.por.fl_str_mv Climate Change
Life Insurance Premiums
Greenhouse Gas Emissions
Panel Data
Pooling Model
Fixed Effects Model
topic Climate Change
Life Insurance Premiums
Greenhouse Gas Emissions
Panel Data
Pooling Model
Fixed Effects Model
description Mestrado Bolonha em Actuarial Science
publishDate 2023
dc.date.none.fl_str_mv 2023-10
2023-10-01T00:00:00Z
2024-01-10T15:52:05Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/29761
url http://hdl.handle.net/10400.5/29761
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Godinho, Mariana Irinéo (2023). "The impact of climate change on life insurance premiums: a panel data analysis of EU countries’s". Dissertação de Mestrado. Universidade de Lisboa. Instituto Superior de Economia e Gestão.
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Instituto Superior de Economia e Gestão
publisher.none.fl_str_mv Instituto Superior de Economia e Gestão
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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