Methodological Approaches to Insurance of Agglomerations and Territories against Climate Risks

The subject of the study is climate risk insurance. The aim of the work is to develop mechanisms to minimize the effects of climate risks that can have a significant impact on the economy and the population of the Russian Federation. The article presents the main results of a study on the possibility of using insurance mechanisms to compensate for damage caused by the implementation of climate risks, and concludes that climate risks are heterogeneous. From the analysis of climate risks for compliance with insurance criteria, it follows that the group of emergency physical climate risks meets these criteria to the greatest extent, to which insurance mechanisms should first be applied to compensate for damage caused to agglomerations and territories and harm to public health. It has been established that chronic physical climate risks do not correspond to the signs of insurance risks, which limits the use of insurance protection mechanisms against them. The paper formulates the insurance interests of individuals and legal entities in relation to climate risks, which serve as the basis for developing proposals to improve insurance protection. It has been proven that not all climate risks can be insured by insurance companies due to the inconsistency of some of them with insurance risk criteria, as well as difficulties in assessing the damage caused and the territorial concentration of climate risks.