IDEAS home Printed from https://ideas.repec.org/a/pal/gpprii/v33y2008i1p133-139.html
   My bibliography  Save this article

The Role of Insurers in Promoting Adaptation to the Impacts of Climate Change

Author

Listed:
  • Robert E T Ward

    (Risk Management Solutions, Peninsular House, 30 Monument Street, London EC3R 8NB, U.K.)

  • Celine Herweijer

    (Risk Management Solutions, Peninsular House, 30 Monument Street, London EC3R 8NB, U.K.)

  • Nicola Patmore

    (Risk Management Solutions, Peninsular House, 30 Monument Street, London EC3R 8NB, U.K.)

  • Robert Muir-Wood

    (Risk Management Solutions, Peninsular House, 30 Monument Street, London EC3R 8NB, U.K.)

Abstract

Scientific evidence is accumulating that climate change is having an impact on the frequency, intensity and geographical distribution of extreme weather events. With these trends likely to continue for the foreseeable future, the insurance industry can help society to adapt, by limiting and managing risks associated with extreme weather, and thereby maintaining the insurability of potentially vulnerable and exposed populations. There are already examples of the insurance industry promoting efforts to mitigate the impacts of weather hazards, by disseminating information about reducing the vulnerability of properties, offering financial incentives to invest in mitigating the impacts of extreme weather, and by working in partnership with policy-makers to establish maximum thresholds of acceptable risk. However, these efforts need to be more widely promoted by insurers to make a significant contribution to society's adaptation to climate change. The Geneva Papers (2008) 33, 133–139. doi:10.1057/palgrave.gpp.2510153

Suggested Citation

  • Robert E T Ward & Celine Herweijer & Nicola Patmore & Robert Muir-Wood, 2008. "The Role of Insurers in Promoting Adaptation to the Impacts of Climate Change," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 33(1), pages 133-139, January.
    • Handle: RePEc:pal:gpprii:v:33:y:2008:i:1:p:133-139
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/gpp/journal/v33/n1/pdf/2510153a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/gpp/journal/v33/n1/full/2510153a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Eakin, Hallie & Keele, Svenja & Lueck, Vanessa, 2022. "Uncomfortable knowledge: Mechanisms of urban development in adaptation governance," World Development, Elsevier, vol. 159(C).
    2. Mine Cinar & Colton Burns & Nathalie Hilmi & Alain Safa, 2020. "Risk Assessments of Impacts of Climate Changeand Tourism: Lessons for the Mediterranean and Middle East and North African Countries," International Journal of Environmental Sciences & Natural Resources, Juniper Publishers Inc., vol. 24(5), pages 176-187, June.
    3. W. Botzen & J. Bergh & L. Bouwer, 2010. "Climate change and increased risk for the insurance sector: a global perspective and an assessment for the Netherlands," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 52(3), pages 577-598, March.
    4. Soumya Sasidharan, 2021. "Insurer's Role in Intensifying Environmental Sustainability And Social Development," GATR Journals jfbr191, Global Academy of Training and Research (GATR) Enterprise.
    5. Asian Development Bank (ADB), 2013. "Investing in Resilience: Ensuring a Disaster-Resistant Future," ADB Reports RPT125182-3, Asian Development Bank (ADB), revised 21 May 2013.
    6. Elliott, Robert J.R. & Strobl, Eric & Sun, Puyang, 2015. "The local impact of typhoons on economic activity in China: A view from outer space," Journal of Urban Economics, Elsevier, vol. 88(C), pages 50-66.
    7. Mohor, Guilherme Samprogna & Mendiondo, Eduardo Mario, 2017. "Economic indicators of hydrologic drought insurance under water demand and climate change scenarios in a Brazilian context," Ecological Economics, Elsevier, vol. 140(C), pages 66-78.
    8. Fisher, Susannah & Surminski, Swenja, 2012. "The roles of public and private actors in the governance of adaptation: the case of agricultural insurance in India," LSE Research Online Documents on Economics 46400, London School of Economics and Political Science, LSE Library.
    9. Kai A. Konrad & Marcel Thum, 2012. "The Role of Economic Policy in Climate Change Adaptation," CESifo Working Paper Series 3959, CESifo.
    10. Ines Kapphan & Pierluigi Calanca & Annelie Holzkaemper, 2012. "Climate Change, Weather Insurance Design and Hedging Effectiveness," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 37(2), pages 286-317, April.
    11. Castells-Quintana, David & Lopez-Uribe, Maria del Pilar & McDermott, Thomas K.J., 2018. "Adaptation to climate change: A review through a development economics lens," World Development, Elsevier, vol. 104(C), pages 183-196.
    12. Susannah Fisher & Swenja Surminski, 2012. "The roles of public and private actors in the governance of adaptation: the case of agricultural insurance in India," GRI Working Papers 89, Grantham Research Institute on Climate Change and the Environment.
    13. Castells-Quintana, David & del Pilar Lopez-Uribe, Maria & McDermott, Thomas K.J., 2018. "A review of adaptation to climate change through a development economics lens," Working Papers 309605, National University of Ireland, Galway, Socio-Economic Marine Research Unit.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:gpprii:v:33:y:2008:i:1:p:133-139. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.