A Study on Insuring Climate Risks of Historical and Cultural Heritage Based on Comprehensive Weighted Risk-Benefit Models and Cultural Value Assessment Models

In the context of global climate change, the frequency of extreme weather events poses a serious threat to historically rich buildings around the world, and there is an urgent need to insure cultural heritage against climate risk in order to cope with potential catastrophes. The core challenge is how to accurately measure the level of extreme weather risk in different regions and quantitatively assess the unique historical and cultural values of buildings. This paper have constructed a comprehensive weighting model, an Underwriting Risk-Benefit Model (URBM), and a cultural value assessment model, which are scientifically and rigorously used to quantify the potential damage to cultural heritage caused by extreme weather and the intrinsic cultural value of the buildings, respectively. Using this combination of models, this article aim to help insurance companies to design accurate insurance strategies, and at the same time provide targeted and practical risk prevention, control and protection solutions for cultural heritage holders to ensure that valuable cultural heritage can be properly preserved and inherited in the future climate challenges, and inject new scientific power and decision-making tools into the global cultural heritage risk management practice.