Page 14 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.82, # 1, 2025, pp. 4-18

KEYWORD ANALYSIS
REVIEW OF RESEARCH STREAMS
After the identification of the influential aspects of Climate Risk Insurance literature,
a three-factor analysis was performed to identify the top 10 keywords and their
connection with various authors and countries. The result of the three-factor analysis
is presented in Fig 10. The analysis is done through biblioshiny, which enables the
use of bibliometric tools incorporated from the R package - bibliometrix. The analysis
concludes that the top 10 keywords were Flood insurance, insurance, flood risk,
climate change, flooding, flood risk management, natural hazards, disaster insurance,
national flood insurance program, and adaptation. These keywords connected with
authors who were mainly linked with countries such as USA, Netherland, the UK,
Australia, Germany, Sweden, France, Italy, and Austria.

Fig 8. Three Factor Analysis

The cartography results from the keyword co-occurrence analysis along with the
three-factor analysis helped in pointing out the prominent research streams in risk
insurance literature. However, risk in itself and climate insurance were the broadest
research streams identified from the sample. RQ2) How has the landscape of risk
assessment methodologies evolved in the context of climate insurance?

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