Climate Change Events Induced Risk Assessment and Mapping as a Basis for an Insurance Policy

The EU is developing and implementing a coherent climate change risk management policy stressing the need to set up insurance policies related to hazard risks. Based on recorded data series for temperature and precipitations for the last 50 years and damage data from the UNSDR and EU Solidarity Fund the risks of combined events (i.e. floods, drought, snow and freeze) are assessed for each of Romania's counties. The risks are mapped using a tool developed in Excel and the exposure of the population is calculated (risk per capita) for each county. The conclusions are detailing the possibility to use these results to set up a hazard risk insurance policy and a supporting mitigation and adaptation fund.