The Geneva Papers on Risk and Insurance Issues and Practice

, Volume 33, Issue 1, pp 133–139

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

  • Robert E T Ward
  • Celine Herweijer
  • Nicola Patmore
  • Robert Muir-Wood
Article

DOI: 10.1057/palgrave.gpp.2510153

Cite this article as:
Ward, R., Herweijer, C., Patmore, N. et al. Geneva Pap Risk Insur Issues Pract (2008) 33: 133. doi:10.1057/palgrave.gpp.2510153

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.

Keywords

insuranceclimate changeweatheradaptationmitigation

Copyright information

© Palgrave Macmillan Ltd 2008

Authors and Affiliations

  • Robert E T Ward
    • 1
  • Celine Herweijer
    • 1
  • Nicola Patmore
    • 1
  • Robert Muir-Wood
    • 1
  1. 1.Risk Management Solutions, Peninsular HouseLondonU.K.