Insurance demand and extreme events: Evidence from the Covid-19 pandemic
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Isaia, E., Oggero, N., Pellegrino, C., & Sandretto, D. (2026). Insurance demand and extreme events: Evidence from the Covid-19 pandemic. Journal of Economics and Business, 141, 106302. https://doi.org/10.1016/j.jeconbus.2026.106302
© 2026 The Author(s). Published by Elsevier Inc. on behalf of Temple University. This is an open access article under the CC BY license
( http://creativecommons.org/licenses/by/4.0/ ).
Pysyvä osoite
Kuvaus
Understanding how individuals change their financial behaviour in response to large-scale extreme events is increasingly important in a world facing rising systemic risks, from pandemics to climate change. The Covid-19 pandemic offers a unique opportunity to study such behavioural responses, particularly in relation to insurance demand. Our study analyses the relationship between Covid-19 contraction and individuals’ interest to take out insurance, using representative survey data collected in Italy in 2021. We find that the direct experience of such an extreme event is positively correlated with higher interest in purchasing insurance, and the magnitude of this association increases with the severity of the event. Also, women exhibited greater sensitivity to the risky event, displaying increased insurance interest even at low event severity levels. Our results highlight how adverse external shocks are associated with changes in insurance-related behaviour.
Emojulkaisu
ISBN
ISSN
1879-1735
0148-6195
0148-6195
Aihealue
Kausijulkaisu
Journal of economics and business
OKM-julkaisutyyppi
A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä (vertaisarvioitu)