The influence of climate change on the life insurance in the EU: A panel data approach

The financial sector, as one of the most sensitive economic sectors, is alert to all trends and changes in environment. aim article study impact climate change on life insurance market using panel data from 28 countries European Union (EU) for last 9 years. This based a model, where amount premiums under contracts defined function fundamental factor - greenhouse gas emissions. According empirical findings, an increase emissions per thousand tons leads by 0.1786 million euros. It has also been found that deaths 1.0442 people, these consequences are statistically significant. In general, our results suggest well non-life dependent change. this provide valuable insight into how affect mortality Union.