3384754
doi
10.1080/17477891.2019.1608148
oai:zenodo.org:3384754
user-eu
user-coacch-co-designing-the-assessment-of-climate-change-costs-h2020-project
De Ruig, L.T.
Institute for Environmental Studies, VU University
de Ruiter, M.C.
Institute for Environmental Studies, VU University
Kuik, O.J.
Institute for Environmental Studies, VU University
Botzen, W.J.W.
Institute for Environmental Studies, VU University
Le Den, M.
Ramboll Consulting
Persson, M.
Ramboll Consulting
Benoist, A.
Ramboll Consulting
Nielsen, C.N.
Ramboll Consulting
An assessment of best practices of extreme weather insurance and directions for a more resilient society
Hudson, P.
nstitute of Environmental Science and Geography
info:eu-repo/semantics/openAccess
Creative Commons Attribution 4.0 International
https://creativecommons.org/licenses/by/4.0/legalcode
<p>Extreme weather resilience has been defined as being based on three pillars: resistance (the ability to lower impacts), recovery (the ability to bounce back), and adaptive capacity (the ability to learn and improve). These resilience pillars are important both before and after the occurrence of extreme weather events. Extreme weather insurance can influence these pillars of resilience depending on how particular insurance mechanisms are structured. We explore how the lessons learnt from the current best insurance practices can improve resilience to extreme weather events. We employ an extensive inventory of private property and agricultural crop insurance mechanisms to conduct a multi-criteria analysis of insurance market outcomes. We draw conclusions regarding the patterns in the best practice from six European countries to increase resilience. We suggest that requirements to buy a bundle extreme weather event insurance with general insurance packages are strengthened and supported with structures to financing losses through public-private partnerships. Moreover, support for low income households through income vouchers could be provided. Similarly, for the agricultural sector we propose moving towards comprehensive crop yield insurance linked to general agricultural subsidies. In both cases a nationally representative body can coordinate the various stakeholders into acting in concert.</p>
Zenodo
2019-09-03
info:eu-repo/semantics/article
3384753
user-eu
user-coacch-co-designing-the-assessment-of-climate-change-costs-h2020-project
award_title=CO-designing the Assessment of Climate CHange costs; award_number=776479; award_identifiers_scheme=url; award_identifiers_identifier=https://cordis.europa.eu/projects/776479; funder_id=00k4n6c32; funder_name=European Commission;
1579536310.854027
2163335
md5:a36e8c131eeaad035d6893d53d3225e3
https://zenodo.org/records/3384754/files/Hudson et al 2019 An assessment of best practices of extreme weather insurance and directions for a more resilient society_EH.pdf
public
Environmental Hazards
2019-09-03