Persuaded by scientific evidences of the dangerous impacts of climate change, private low-carbon investments in climate change mitigation and adaptation are intensifying. Following this trend, insurance companies – directly and through public-private partnerships with International Financial Institutions – are getting involved in building climate and disaster-resilient schemes for vulnerable communities in developed and developing countries. Risk-pooling, risk-transfer, risk-reduction and micro-insurance are some of the mechanisms already in operation that could be further developed to strengthen the capacities to adapt to climate change and to extreme weather events
The Involvement of Insurance Companies in Climate Finance: Tackling a Global Challenge by Investing in Local Solutions
ROMANIN JACUR, FRANCESCA
2012-01-01
Abstract
Persuaded by scientific evidences of the dangerous impacts of climate change, private low-carbon investments in climate change mitigation and adaptation are intensifying. Following this trend, insurance companies – directly and through public-private partnerships with International Financial Institutions – are getting involved in building climate and disaster-resilient schemes for vulnerable communities in developed and developing countries. Risk-pooling, risk-transfer, risk-reduction and micro-insurance are some of the mechanisms already in operation that could be further developed to strengthen the capacities to adapt to climate change and to extreme weather events
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