Conference Agenda
Overview and details of the sessions of this conference.
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Some information on the session logistics:
If not stated otherwise, the discussant is the following speaker, with the first speaker being the discussant of the last paper. The last speaker of each session is the session chair. (Exception: invited sessions)
Presenters should speak for no more than 20 minutes, and discussants should limit their remarks to no more than 5 minutes. The remaining time should be reserved for audience questions and the presenter’s responses. We suggest following these guidelines also in the (less common) 3-paper sessions in a 2-hour slot, to allow participants to move between sessions. Discussants are encouraged to avoid summarizing the paper. By focusing on a few questions and comments, the discussants can help start a broader discussion with the audience.
Only registered participants can attend this conference. Further information available on the congress website https://www.iseg.ulisboa.pt/en/event/iipf/ .
Venue address: ISEG - Lisbon School of Economics & Management, R. Francesinhas 21, 1200-675 Lisboa, Portugal
Please note that all times are shown in the time zone of the conference. The current conference time is: 17th Sept 2026, 11:38:25am WEST
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Daily Overview |
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A06: Climate Risk, Adaptation, and Optimal Climate Policy Location: Room 106 (Francesinhas 1) | |
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When Insurance Markets Fail: Catastrophe-Risk Frictions and Public Reinsurance New York University, United States of America Increasing climate risk is making property insurance unaffordable and unavailable. I study a novel Australian policy response: government-provided, mandatory, risk-based reinsurance for cyclone damage in home insurance. Public reinsurance reduces premiums by 21\% and increases insurance availability by 11\%. These gains are not a subsidy but arise from eliminating large pre-existing markups in private reinsurance and catastrophe bond markets, flowing primarily to insurers most constrained by tail-risk exposure. The markup reduction stems from neutralizing the high premium for spatially-correlated and ambiguous risk, with increased competition providing additional benefits. This demonstrates that insurance market dysfunction originates from frictions in tail-risk reinsurance markets, and that targeted, cost-neutral interventions in these upstream markets can restore affordability and availability in home insurance.
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