未来能源研究所：保险业与政府共同管理自然灾害风险（英文版）

Escalating climate-related catastrophe losses are placing increasing strain on private insurance markets, raising concerns about the long-term insurability of natural hazards. This paper describes the evolving roles of private and public institutions in sustaining catastrophe risk transfer. We first examine private catastrophe risk transfer mechanisms and discuss how rising loss volatility and modeling uncertainty are constraining private market capacity. We then compare catastrophe insurance