Tutor: Prof. Paoloefisio Corrias Co-tutor: Prof.ssa Elisabetta Piras

Short bio:

She obtained her master’s degree in Law from the University of Cagliari with a thesis on insurance law entitled “Linked policies: legal nature and applicable regulations” with a grade of 110 cum laude. She is the author of several scientific publications on subjects to the Scientific Disciplinary Group 12/GIUR-03. She is a subject expert in Insurance Law, Financial Markets Law, and Agri-Food Markets Law. Since 2024, she has been a PhD student in Legal Sciences XL cycle at the University of Cagliari, with a research project entitled “Insurance instruments for the management of catastrophic risks”. She is a member of the Editorial Committee of the megazine Giustiziacivile.com – Banking, finance and insurance Section.

Thesis abstract:

The subject of this research project is the insurability of risks arising from catastrophic events and, more generally, the analysis of the various forms of insurance and financial risk management adopted to deal with such events. As is well known, recent years have witnessed the particular severity of risks that can challenge social organization and pose a threat to human existence itself. Although the Italian territory is particularly prone to natural disasters of various kinds, this growing risk is still seriously underinsured. Faced with the various techniques of risk management, that of sharing it with other homogeneous risk bearers through the use of insurance contracting turns out to be the most effective one. This awareness, in the current scenario of the European Green Deal and related sustainable development goals, emerges in several choices made by the legislature and, in particular, by the introduction of compulsory forms of catastrophic risk coverage, which are declined in a system that has, however, still serious limitations and criticalities. With this project we intend to investigate the current forms of insurance for the protection of catastrophic risks (compulsory and non-compulsory), identifying forms of incentives for the use of this instrument in order to facilitate its increasing diffusion. It is also intended to assess the adequacy of the current Italian system and, if necessary, the extensibility to private individuals of the compulsory insurance currently provided only for commercial enterprises (see Budget Law 2024) or, in the form of mutual funds, for agricultural enterprises. In fact, starting precisely from the instrument of mutual funds, currently present in the national scenario, it seems desirable to extend such virtuous systems shared between public and private even in sectors other than agriculture. In particular, the latter system could be the basic scheme for realizing social security needs, sharing the costs on the basis of certain rules.