Cultural Heritage: Values and Measures. What insurance value?

The paper focuses on the assessment of the cultural heritage value to be transferred though the insurance mechanism, which represents one important activity of the use of insurance instruments to protect cultural heritage against catastrophic risks. To this end, the paper offers a review of the literature in the field of the economic value of cultural heritage and its assessment according to a monetary-analysis approach. Results show that this approach is inevitably problematic, highlighting the need for a research agenda to develop a coherent framework that pays due attention to the specific nature of cultural heritage.