Insurance Commons^™

Risky Business: Recommendations For The Insurance Industry To Contribute To Greater Disaster Risk Reduction And Climate Change Adaptation, Jessie G. Rountree

Master's Projects and Capstones

The private insurance industry is susceptible to increasing risk from climate change and can serve as a catalyst to change behavior to minimize loss. The research examined the current impact and future potential of the insurance industry to reduce both physical and financial risk. The insurance industry currently raises awareness, assigns an economic value to risk, advocates for climate change action, and takes measures to reduce physical risk through mitigation. As well, the industry has proven to be a critical influencer to encourage risk-adverse behavior and regulation. Recommendations to the industry to have a greater impact include: 1) pursue more …