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

Robert E T Ward (), Celine Herweijer (), Nicola Patmore () and Robert Muir-Wood ()
Additional contact information
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.

The Geneva Papers on Risk and Insurance - Issues and Practice, 2008, vol. 33, issue 1, 133-139

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

Date: 2008
References: Add references at CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
http://www.palgrave-journals.com/gpp/journal/v33/n1/pdf/2510153a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/gpp/journal/v33/n1/full/2510153a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:gpprii:v:33:y:2008:i:1:p:133-139

Ordering information: This journal article can be ordered from
http://www.springer.com/finance/journal/41288/PS2

Access Statistics for this article

The Geneva Papers on Risk and Insurance - Issues and Practice is currently edited by Christophe Courbage

More articles in The Geneva Papers on Risk and Insurance - Issues and Practice from Palgrave Macmillan, The Geneva Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().