Insurance in a changing climate

At the 2007 United Nations Climate Change Conference in Bali, the participating countries called upon policymakers to consider insurance as part of a post-Copenhagen adaptation strategy. Insurance mechanisms offer substantial benefits for developing countries, both in reducing their vulnerability to climate variability and helping them adapt to climate change.
IIASA and the Munich Climate Change Insurance Initiative (MCCII) have proposed an insurance approach designed to help developing countries better prepare for, and recover from, extreme climatic events, by reducing risk, promoting adaptation, and adopting a comprehensive approach to risk management.

VIEW CONTENT