How insurance can support climate resilience (original) (raw)

Nature Climate Change volume 6, pages 333–334 (2016) Cite this article

Subjects

Insurance is gaining importance in and beyond the climate negotiations and offers many opportunities to improve climate risk management in developing countries. However, some caution is needed, if current momentum is to lead to genuine progress in making the most vulnerable more resilient to climate change.

This is a preview of subscription content, access via your institution

Relevant articles

Open Access articles citing this article.

Access options

Subscribe to this journal

Receive 12 print issues and online access

$259.00 per year

only $21.58 per issue

Buy this article

USD 39.95

Prices may be subject to local taxes which are calculated during checkout

Additional access options:

References

  1. Adoption of the Paris Agreement FCCC/CP/2015/L.9/Rev.1 (United Nations Framework Convention on Climate Change, 2015).
  2. Dlugolecki, A. F. et al. in Climate Change 1995: Impacts, Adaptation, and Mitigation of Climate Change (eds Watson, R. T., Zinyowera, M. C. & Moss, R. H.) 539–560 (Cambridge Univ. Press, 1996).
    Google Scholar
  3. Vellinga, P. et al. in Climate Change 2001: Impacts, Adaptation, and Vulnerability (eds McCarthy, J. J., Canziani, O. F., Leary, N. A., Dokken, D. J. & White, K. S.) 417–450 (Cambridge Univ. Press, 2001).
    Google Scholar
  4. Warner, K. et al. Adaptation to Climate Change: Linking Disaster Reduction and Insurance (United Nations International Strategy for Disaster Reduction Secretariat, 2009).
    Google Scholar
  5. Hallegatte, S. Economic Resilience: Definition and Measurement (World Bank, 2014).
    Book Google Scholar
  6. Linnerooth-Bayer, J. & Hochrainer-Stigler, S. Climatic Change 133, 85–100 (2015).
    Article Google Scholar
  7. IPCC Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation (eds Field, C. B. et al.) (Cambridge Univ. Press, 2012).
  8. Suarez, P. & Linnerooth-Bayer, J. Insurance-Related Instruments for Disaster Risk Reduction (International Strategy for Disaster Risk Reduction, 2011).
    Google Scholar
  9. Building an Evidence Base on the Role of Insurance-Based Mechanisms in Promoting Climate Resilience (Climate Investment Funds and Vivid Economics, 2016); http://go.nature.com/2KpLTb
  10. Benson, C., Arnold, M., De la Fuente, A. & Mearns, R. Financial Innovations for Social and Climate Resilience: Establishing an Evidence Base (World Bank, 2012).
    Google Scholar
  11. The Impact of Climate Change on the UK Insurance Sector (Prudential Regulation Authority and Bank of England, 2015).
  12. Mechler, R. et al. Nature Clim. Change 4, 235–237 (2014).
    Article Google Scholar
  13. Bouwer, L. M. Risk Analysis 33, 915–930 (2013).
    Article Google Scholar
  14. Towards a Framework for the Governance of Infrastructure (Organisation for Economic Co-operation and Development, 2015)
  15. Surminski, S. Int. Rev. Environ. Res. Econ. 7, 241–278 (2013).
    Article Google Scholar

Download references

Acknowledgements

This paper has benefited from research undertaken as part of the FP7 ENHANCE project, EU grant agreement no. 308438. S.S. would also like to acknowledge the financial support of the UK Economic and Social Research Council (ESRC). L.M.B. acknowledges the contribution from the adaption spearhead of Deltares.

Author information

Authors and Affiliations

  1. Swenja Surminski is at the London School of Economics and Political Science, Grantham Research Institute on Climate Change and the Environment, Houghton Street, London WC2A 2AE, UK,
    Swenja Surminski
  2. Laurens M. Bouwer is at Deltares, PO Box 177, 2600 MH, Delft, The Netherlands,
    Laurens M. Bouwer
  3. Joanne Linnerooth-Bayer is at IIASA, Schlossplatz 1, A-2361 Laxenburg, Austria,
    Joanne Linnerooth-Bayer

Authors

  1. Swenja Surminski
  2. Laurens M. Bouwer
  3. Joanne Linnerooth-Bayer

Corresponding author

Correspondence toSwenja Surminski.

Rights and permissions

About this article

Cite this article

Surminski, S., Bouwer, L. & Linnerooth-Bayer, J. How insurance can support climate resilience.Nature Clim Change 6, 333–334 (2016). https://doi.org/10.1038/nclimate2979

Download citation

This article is cited by