Insurance Solution for Climate Change: Legislation Analysis in Türkiye

Öz

In the light of changing and evolving parameters throughout the World, risk definitions vary as well, leading to the necessity to make new risk definitions in various fields in addition to those, the effects of which can be easily observed and measured, such as technology and information security. This change also manifests itself in the insurance industry based on climate change. The increase in the number and scale of climate-based natural disasters throughout the World, in conjunction with global warming, made the economic losses caused by natural disasters visible. Climate change A caused and will continue to cause significant changes in many fields of the insurance industry, such as property insurances, agricultural insurances, and health insurance. The insurance industry attempts to mitigate the negative impacts of climate change through active risk measures such as mapping, risk analysis, funding research, collective data sharing, and active participation in climate protection activities throughout the World. However, it is crucial for the State and affiliated public enterprises to support this process as a regulatory and adequate power, create a suitable legal, financial and regulatory framework for private sector initiatives, and conduct informative activities about the importance of insurance in natural disasters. Emerging financial burden should be divided between individual-public-private enterprises, and this division should be made in a balanced and fair manner in the light of the applicable legislation. This study primarily addresses the devastating impacts of climate change on the World and Türkiye, which emerged notably in the recent era and the financial burden brought about by this. Then the issue of responsibility of the public sector, which is responsible for taking necessary and adequate measures against climate change, was explored in the context of both national legislation and international agreements. The adequacy of the applicable legislation for the State and public enterprises to create a suitable consciousness-raising, a preventive and compensatory legal framework specific to the climate change in Türkiye was reviewed, and suggestions were made.

Anahtar Kelimeler

• Climate Change
• Legislation
• Insurance solution
• Risk
• Responsibility

Kaynakça

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