Insurance and Climate Change : Scoping Paper Gurenko, Eugene Dumitru, Denisa 2013-03-26T19:52:34Z 2013-03-26T19:52:34Z 2009-06-25
dc.description.abstract The purpose of this paper is to provide a conceptual framework, along with concrete illustrations, that will aid the UNFCCC process in incorporating market-based insurance mechanisms in the arsenal of proposed global climate adaptation tools. A key objective is to define the role insurance can play in helping households, businesses, and countries better adapt to the main known manifestations of climate change, such as weather extremes. The paper defines risk assessment, and outlines the conceptual framework used throughout the analysis. It provides an overview of the significance of public and private partnerships in insuring weather related losses, as well as best practices. It concludes with an overview of lessons learned, and identifies opportunities for market-based insurance strategies in the global adaptation for climate change. A major realization was the importance of establishing a transparent, well-defined policy on government subsidies after disasters, so that individuals can gauge their risks in weather related disasters, and might be encouraged to buy private insurance. en
dc.language English
dc.language.iso en_US
dc.publisher World Bank, Washington, DC
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.subject Insurance instruments
dc.subject Drought
dc.subject Flood
dc.subject Typhoon
dc.subject Weather extremes
dc.subject Climate change
dc.subject index-based insurance
dc.subject indemnity insurance
dc.subject Insurance linked securities
dc.subject risk transfer
dc.subject Adaptation
dc.subject Insurability
dc.subject Hedging instruments
dc.subject Crop insurance
dc.subject Catastrophe insurance
dc.subject sustainability
dc.title Insurance and Climate Change : Scoping Paper en
dspace.entity.type Publication 2012-06-20
okr.doctype Economic & Sector Work :: Other Financial Sector Study
okr.doctype Economic & Sector Work
okr.identifier.externaldocumentum 000426104_20120620172344
okr.identifier.internaldocumentum 16404690 69975
okr.language.supported en
okr.pdfurl en
okr.sector Finance :: General finance sector
okr.theme Financial and private sector development :: State enterprise/bank restructuring and privatization
okr.theme Financial and private sector development :: Regulation and competition policy
okr.theme Financial and private sector development :: Standards and financial reporting
okr.unit Non-Banking Financial Inst - WB (FCMNB)
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