Financial insurance and natural insurance: a forest case-study

摘要

© AgroParisTech, 2023.Natural hazards threaten forest ecosystems, and this threat is increasing under the impact of climate change. As a result, the issue of forest insurance has become central. In the forestry sector, insurance can be of two types. Forest owners can take out an insurance contract with an insurer to cover themselves against damage attributable to natural hazards (financial insurance) and at the same time, the forest provides protection against natural hazards to exposed populations (natural insurance). This article presents these two forms of insurance, their interactions, and provides examples in a forest context. We show that the two concepts are well-defined and used in forest economics, but their relationships are still little analysed. Questions that could favour or lead to this analysis are highlighted.