Maráková, VandaLament, MarzannaKrištofík, PeterBukowski, Sławomir I.2025-11-212025-11-2120252029-49132029-4921https://doi.org/10.3846/tede.2025.24870https://repo.umb.sk/handle/123456789/1008In: Technological and Economic Development of Economy. Vilnius : Vilnius Gediminas Technical Univesity, 2025. ISSN 2029-4913. Vol. 31, no. 5 (2025), pp. 1644-1664.The issue of climate change, and in particular the economic losses caused by natural disasters, is a significant problem for the tourism sector and its development. The research conducted aims to address the following research question: Does climate change, quantified by the economic losses attributed to extreme weather events, influence the development of the tourism sector, as measured by tourism’s contribution to GDP? Furthermore, the study explores the role of insurance as a financial instrument for mitigating the effects of climate change on tourism. An important part of the research is an in-depth regional analysis of climate change losses. It was carried out both on a continental level and for the countries studied. Statistical and econometric techniques were employed to investigate the research question. The analysis focused on a selection of countries identified by the Swiss Re Institute as having experienced the highest economic losses due to climate change. Thirteen countries were surveyed, ensuring representation for each continent. The research period spans the years 2014–2023, and the data analysis was conducted using Statistica 13 and Gretl software. The findings indicate that economic losses resulting from natural disasters show an increasing trend, both in absolute terms and as a percentage of national GDP. These losses represent a significant constraint on economic growth, particularly limiting the development of tourism. Furthermore, the survey shows that the negative effects of climate change are more challenging for less economically developed countries. These countries are in addition to being more exposed to climate-related damages because of their natural conditions, but also struggle with underdeveloped insurance sectors. Reduced access to insurance compounds the disruptive impact of climate change on tourism. An analysis of the relationship between the weather damage load on a country’s economy and the insurance gap identifies three countries – the USA and China – as being especially at risk. Investigating the impact of the effects of natural disasters on the development of the tourism sector in countries with the greatest economic losses from climate change fills a research gap in this area and contributes to the development of knowledge on the effects of climate change on the competitiveness and sustainability of tourism. The research should be considered original in its subject coverage. No studies of this scope have been found in the literature. Investigating the impact of insurance on climate change mitigation for the tourism sector should also be considered innovative. The results of the research can be used to shape tourism policy in the countries studied, as well as globally.enCC BY Creative Commons Attribution 4.0. Internationalinfo:eu-repo/semantics/openAccesscestovný ruchturizmustourismklímapodnebieclimateprírodné katastrofynatural disastersudržateľný rozvojtrvalo udržateľný rozvojsustainable developmentpoistenieinsuranceArticle