Fire insurance in Sweden from an individual owner’s perspective
Forest insurance is seen as a management tool for preventing losses in a business. 48 percent of the forest landscape are owned by Individual owners (IO´s) and are divided into 222 000 user units. A large share of them are insured today. The aim of this thesis is to answer these questions: 1) Based...
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ftsluppsalast:oai:stud.epsilon.slu.se:18545 2023-05-15T17:45:09+02:00 Fire insurance in Sweden from an individual owner’s perspective Andersson, Ludvig Nilsson, Axel 2022-12-22 application/pdf https://stud.epsilon.slu.se/18545/1/Andersson-et-al-20221222.pdf sv eng swe eng https://stud.epsilon.slu.se/18545/ urn:nbn:se:slu:epsilon-s-18545 https://stud.epsilon.slu.se/18545/1/Andersson-et-al-20221222.pdf Andersson, Ludvig and Nilsson, Axel, 2022. Fire insurance in Sweden from an individual owner’s perspective : a cost benefit analysis. First cycle, G2E. Umeå: (S) > Dept. of Forest Economics <https://stud.epsilon.slu.se/view/divisions/5017.html> Forestry production Economics and management First cycle, G2E NonPeerReviewed 2022 ftsluppsalast 2023-01-12T17:14:03Z Forest insurance is seen as a management tool for preventing losses in a business. 48 percent of the forest landscape are owned by Individual owners (IO´s) and are divided into 222 000 user units. A large share of them are insured today. The aim of this thesis is to answer these questions: 1) Based on the burnt area for the past 24 years, when is it profitable, with factors from climate change and past trends of fire, to acquire forest fire insurance? 2) Based on the burnt area in the past 24 years, at which fire probability is it beneficial to acquire forest fire insurance? Results from the report were the following: 1) It is not beneficial for IO´s to acquire forest fire insurance in the next 24 years investigated in the report. 2) Profitable scenarios when acquiring forest fire insurance need probabilities of fire of at least 0.068, 0.047, 0,033, in southern, central and northern Sweden respectively. In the worst case scenario, the point at which it is beneficial to acquire a forest fire insurance is when the probability of fire becomes 30 times higher that the probability today. The results of this thesis shows that probability of fire today makes the investment of forest fire insurance a bad investment for an individual owner, based on a cost benefit analysis. Försäkringar ses som ett verktyg för att förebygga eventuella försluster som kan drabba företag. Av all skogsmark som finns i Sverige ägs 48 procent av enskilda ägare, vilka är uppdelade i 222 000 brukningsenheter. Av dessa är en stor andel försäkrade idag. Syftet med rapporten är att svara på dessa frågor: 1) Är det lönsamt för en enskild skogsägare att anskaffa en brandförsäkring? 2) Vid vilken sannolikhet för brand är det lönsamt att skaffa en brand-försäkring i de södra-, centrala- och norra delarna av Sverige? 3) Är de beslut som en enskild skogsägare gör idag angående en brandförsäkring rationellt? Resultaten från rapporten är följande: 1) Det är inte lönsamt för en enskild skogsägare att försäkra sin skog för de kommande 24 åren undersökta i ... Text Northern Sweden Swedish University of Agricultural Sciences: Epsilon Archive for Student Projects |
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Open Polar |
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Swedish University of Agricultural Sciences: Epsilon Archive for Student Projects |
op_collection_id |
ftsluppsalast |
language |
Swedish English |
topic |
Forestry production Economics and management |
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Forestry production Economics and management Andersson, Ludvig Nilsson, Axel Fire insurance in Sweden from an individual owner’s perspective |
topic_facet |
Forestry production Economics and management |
description |
Forest insurance is seen as a management tool for preventing losses in a business. 48 percent of the forest landscape are owned by Individual owners (IO´s) and are divided into 222 000 user units. A large share of them are insured today. The aim of this thesis is to answer these questions: 1) Based on the burnt area for the past 24 years, when is it profitable, with factors from climate change and past trends of fire, to acquire forest fire insurance? 2) Based on the burnt area in the past 24 years, at which fire probability is it beneficial to acquire forest fire insurance? Results from the report were the following: 1) It is not beneficial for IO´s to acquire forest fire insurance in the next 24 years investigated in the report. 2) Profitable scenarios when acquiring forest fire insurance need probabilities of fire of at least 0.068, 0.047, 0,033, in southern, central and northern Sweden respectively. In the worst case scenario, the point at which it is beneficial to acquire a forest fire insurance is when the probability of fire becomes 30 times higher that the probability today. The results of this thesis shows that probability of fire today makes the investment of forest fire insurance a bad investment for an individual owner, based on a cost benefit analysis. Försäkringar ses som ett verktyg för att förebygga eventuella försluster som kan drabba företag. Av all skogsmark som finns i Sverige ägs 48 procent av enskilda ägare, vilka är uppdelade i 222 000 brukningsenheter. Av dessa är en stor andel försäkrade idag. Syftet med rapporten är att svara på dessa frågor: 1) Är det lönsamt för en enskild skogsägare att anskaffa en brandförsäkring? 2) Vid vilken sannolikhet för brand är det lönsamt att skaffa en brand-försäkring i de södra-, centrala- och norra delarna av Sverige? 3) Är de beslut som en enskild skogsägare gör idag angående en brandförsäkring rationellt? Resultaten från rapporten är följande: 1) Det är inte lönsamt för en enskild skogsägare att försäkra sin skog för de kommande 24 åren undersökta i ... |
format |
Text |
author |
Andersson, Ludvig Nilsson, Axel |
author_facet |
Andersson, Ludvig Nilsson, Axel |
author_sort |
Andersson, Ludvig |
title |
Fire insurance in Sweden from an individual owner’s perspective |
title_short |
Fire insurance in Sweden from an individual owner’s perspective |
title_full |
Fire insurance in Sweden from an individual owner’s perspective |
title_fullStr |
Fire insurance in Sweden from an individual owner’s perspective |
title_full_unstemmed |
Fire insurance in Sweden from an individual owner’s perspective |
title_sort |
fire insurance in sweden from an individual owner’s perspective |
publishDate |
2022 |
url |
https://stud.epsilon.slu.se/18545/1/Andersson-et-al-20221222.pdf |
genre |
Northern Sweden |
genre_facet |
Northern Sweden |
op_relation |
https://stud.epsilon.slu.se/18545/ urn:nbn:se:slu:epsilon-s-18545 https://stud.epsilon.slu.se/18545/1/Andersson-et-al-20221222.pdf Andersson, Ludvig and Nilsson, Axel, 2022. Fire insurance in Sweden from an individual owner’s perspective : a cost benefit analysis. First cycle, G2E. Umeå: (S) > Dept. of Forest Economics <https://stud.epsilon.slu.se/view/divisions/5017.html> |
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