Page 8 - Azerbaijan State University of Economics

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

This research is conducted with the help of extensive literature review on climate
change and risk management 1975 to 2024. Scopus database was selected from which
1083 articles made it to the final selection. A bibliometric analysis is conducted in the
study - which is based on the methodology used by Bajwa, et al., 2022.
In order to conduct a bibliometric review, this paper has worked on the following
process mentioned in the figure – moreover this paper has three main steps for
working in figure 1.

Research Questions/ Objectives:

(A) 1. What are the emerging trends in research on risk management and climate
insurance over the past decade?
Bibliometric Analysis of 2. How has the landscape of risk assessment methodologies evolved in the context of

climate insurance?
Climate Insurance 3. What are the key challenges and opportunities in leveraging climate insurance to

Literature mitigate risks associated with climate change?

Step 1: Database Selection:
Analysis and Software used:
Scopus
(B) 1. Bibliometric includes
most of the important Sample Selection

Methodology aspects of literature
review
2. Software: Bibliometrix Step 2: Article Search Criteria:
Keyowrd refining, basic search,in
Scoupus

• Discussed about emerging trends of risk related to climate insurance.
• Identified and enlisting of valuable contribution towards field the climate risk
(C) insurance I.e Authors, Countries, Journals, and Institutions involved.

Contribution • Discussed about the future streams and challenges faced by Financial
Institutions related to Climate risk insurance.

Fig 1. Methodology Flowchart

Publication by country
600
500
400
300
200
100
0
1975-2007 2008-2014 2015-2023
United States United Kingdom China Germany France
Netherlands Australia Canada Taiwan Japan

Fig 2. Most Influential Countries

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