Is the world becoming uninsurable?

American, living in area prone to natural disasters: "Is the WHOLE WORLD becoming uninsurable?"

The answer is obviously "no" since there are other parts of the world that don't live on a hurricane highway nor build houses made from firewood in an area prone to wildfires.

I would assume that earthquake insurance in japan is a reasonable model for "world insurance".

It looks like it's a reinsurance program:

https://www.mof.go.jp/english/policy/financial_system/earthq...

So, I think the answer is "no".

Japan is probably not a good comparison for home insurance because houses in Japan typically only have a 20 to 30 year lifespan. After that they are usually torn down and a new house is built.

Its a country built on seismically active volcanoes.

If there's earthquake insurance in japan, it should be do-able.

"In and around Japan, one-tenth of earthquakes in the world occur. " https://geoscienceletters.springeropen.com/articles/10.1186/...

Home values in Japan are somewhat anomalous. There are some good policies that contribute to this, but also other factors that make me reluctant to generalize from Japan. It’s a country with declining natural population, where houses are assets that rapidly decline in value to the point where they’re nearly worthless not that long after you buy them.

Average home age in Japan is 30 years. I think, maybe once or twice, I’ve lived in a building less than 30 years old in the US. I’ve spent most of my life in buildings built pre-war. There aren’t so many pre-war buildings in Japan, but the US takes the blame for that one :-(