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Designing insurance for climate change

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Many natural disaster insurance markets were designed under historical distributions of climate risk that differ from those prevailing today. These differences create challenges for natural disaster insurance markets to mitigate the effects of climate change and also increase demand for innovative policy solutions.

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Fig. 1: Trends in insured losses.

Swiss Re Institute

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Acknowledgements

I am grateful for helpful discussions with M. Duggan, M. Fowlie, M. Kotchen and J. Shapiro.

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Authors and Affiliations

  1. University of British Columbia, Vancouver, British Columbia, Canada

    Katherine R. H. Wagner

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  1. Katherine R. H. Wagner
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Correspondence to Katherine R. H. Wagner.

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Wagner, K.R.H. Designing insurance for climate change. Nat. Clim. Chang. 12, 1070–1072 (2022). https://doi.org/10.1038/s41558-022-01514-2

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