Adapting to the extreme weather impacts of climate change – how can the insurance industry help?
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Material Information

Title:
Adapting to the extreme weather impacts of climate change – how can the insurance industry help? a ClimateWise case study report for those interested in reducing risk
Creator:
ClimateWise Adaptation Steering Group
University of Cambridge Programme for Sustainable Leadership
Disaster Risk Reduction Program, Florida International University (DRR/FIU) ( summary contributor )
Place of Publication:
London, UK
Publisher:
Climate Wise Secretariat
Publication Date:
Copyright Date:
2010
Language:
English

Subjects

Subjects / Keywords:
Climate change ( lcshac )
Risk management ( lcshac )
Genre:
non-fiction ( marcgt )

Notes

Summary:
This report consists of ten case studies gathered from insurers throughout the industry in order to examine multiple approaches to reducing risks associated with climate change.Taken in their entirety, this body of studies demonstrates that insurance industries play a critical role in disaster risk reduction (DRR), rendering them a valuable resource for DRR stakeholders. It imparts advice based on “lessons learned” and is intended for all stakeholders seeking to increase their community’s adaptive capacity and resilience. The participating insurers have selected these studies to communicate what they assess are the most important messages for risk reduction stakeholders. First among these is the realization that skill-sets and priority overlaps are often masked by terminologies that differ between policymakers and insurance industry professionals. This problem is compounded by the fact that the insurance sector plays multiple roles in the risk reduction process, and it does this on many levels. For example, insurers engage in both physical and financial risk reduction, as they understand that the effective performance of these tasks requires that the two areas are linked. Policymakers also recognize this reality, though they employ different language in their professional spheres and view the linkage from a different perspective. The case studies present examples of government-industry cooperation that respond to climate change-associated risks such as floods and windstorms. The level of implementation ranges from local community capacity-building to macro-level policy design and research. The industry notes that government involvement, while critical for the implementation of sustained efforts, can also generate policies that create regulatory environments hostile to effective climate change adaptation (CCA). However, problems such as these can be avoided with the fostering of ongoing inter-disciplinary relationships, especially between industry experts and policymakers. Frequent dialogue among all stakeholders can facilitate the sharing of expertise, allowing for the overcoming of terminological barriers, revealing adaptation priorities common to all. ( English )
Subject:
Disaster Risk Reduction ( English )
Subject:
Climate Change ( English )
Scope and Content:
Executive Summary p. 3; Acknowledgements p. 6; Introduction p. 7; The case studies – approach and methodology p. 10; Key lessons learned specific to the insurance p. 13; industry’s role in adaptation General lessons learned p. 17; Future outlook p. 20; Appendix: Full case studies p. 23 ( English )
Citation/Reference:
(2010). Adapting to the extreme weather impacts of climate change – how can the insurance industry help? ClimateWise, University of Cambridge.

Record Information

Source Institution:
Florida International University
Rights Management:
Refer to main document/publisher for use rights.
Resource Identifier:
FI13042438

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Aggregations:
Disaster Risk Reduction