Innovative Insurance to Manage Climate Risks
Severe storms, record heat waves, intense droughts, and floods—the impact of climate change rises every year and economic and financial losses rise with it. Insurance plays a major role in helping businesses in advanced economies mitigate the conse...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English |
| Published: |
International Finance Corporation, Washington, DC
2018
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/970031477478795121/Innovative-insurance-to-manage-climate-risks http://hdl.handle.net/10986/30332 |
| Summary: | Severe storms, record heat waves,
intense droughts, and floods—the impact of climate change
rises every year and economic and financial losses rise with
it. Insurance plays a major role in helping businesses in
advanced economies mitigate the consequences of the changing
climate and prepare for policy changes ahead. But insurance
in emerging markets isn’t yet able to make the same
contribution, despite the fact that natural disasters
disproportionally affect people and firms in these
countries. Recently, however, a number of new business and
donor initiatives have begun to create innovative approaches
to using insurance to address climate change. |
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