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Haris Ur Rehman Horani, Muhammad Amin, Farhan Ahmed: Climate Risk Insurance: Bibliometric Review on
Present, Past and Future

On the other hand, opportunities lie in enhancing data collection and analysis to better
understand climate risks, enabling businesses to prepare effectively and transfer
residual risk through partnerships with insurers (Baer, M.; Gasparini, M.; Lancaster,
R.; Ranger, N. (2023)). Insurers can contribute to climate change adaptation by
incorporating risk reduction measures in their products, fostering resilience, and
directly reducing damages when climate-related events occur, thus aiding in building
a more resilient society (Westra, S.; Zscheischler, J. (2023))

METHODOLOGY:
We have incorporated the use of Biblometrix package from RStudio that leads to
bibliometric analysis, network analysis and content analysis for Climate Risk and
Insurance. For this bibliometric analysis we have used Scopus as a data source for the
publications. This review paper summarizes the findings from a comprehensive search
on climate risk and insurance. The initial search yielded 1,726 documents covering
the period 1935-2024. To gain a more current perspective, the timeframe was
narrowed to 1975-2023, resulting in 1,688 documents. The analysis then focused on
specific academic disciplines. A significant portion of the research comes from
Environmental Science (552 documents), followed by Social Sciences (423), Earth
and Planetary Sciences (362), Engineering (330), Economics, Econometrics and
Finance (283), Business, Management and Accounting (180), with smaller
contributions from Computer Science (48) and Mathematics (26). This distribution
highlights the multifaceted nature of climate risk and insurance, encompassing
scientific understanding, social impacts, economic implications, and technological
solutions. To refine the results further, the search was limited to specific document
types: Articles (860), Conference Papers (237), and Reviews (52). This selection
emphasizes in-depth research findings, presentations at academic conferences, and
critical evaluations of existing knowledge. The final criteria for the search were
restricted to English-language documents, resulting in a final set of 1,083 articles.

QUERY:
("climate risk insurance" OR "climate insurance" OR "natural hazard insurance" OR
"catastrophe insurance" OR "disaster insurance" OR "flood insurance" OR "drought
insurance" OR "hurricane insurance" OR "typhoon insurance" OR "tornado insurance"
OR "tsunami insurance" OR "wildfire insurance" OR "landslide insurance" OR
"mudslide insurance" OR "hail insurance" OR "sleet insurance" OR "storm insurance"
OR "heat wave insurance" OR "cold wave insurance" OR "lightning insurance")

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