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Bringing Together Adaptation to Climate Change and Insurance: How to Improve Adaptation and Extend Insurance Availability. Ian Burton May 2003 [email protected] Present Situation Unsatisfactory. Losses increasing rapidly Disaster relief costs rising Country debts increasing

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Bringing Together Adaptation to Climate Change and Insurance: How to Improve Adaptation and Extend Insurance Availability

Ian Burton

May 2003

[email protected]

present situation unsatisfactory
Present Situation Unsatisfactory
  • Losses increasing rapidly
  • Disaster relief costs rising
  • Country debts increasing
  • Development goals at risk
  • Investments at risk
need an initiative to
Need an Initiative to:
  • Expand availability of insurance
    • But insurance industry is weak, and withdrawing
  • Accelerate and improve adaptation
    • Vulnerability is increasing
requirements and process
Requirements and Process
  • Requirements
    • A thorough in-depth technical feasibility study
    • A high level task force or commission to carry it out
  • Process
    • Establish high level body
    • Capacity to request studies and evidence
    • Independent from negotiations
    • Supportive of UNFCCC process
    • Report to international communities in the insurance industry; disaster mitigation; and climate and adaptation
a vision for a programme
A Vision for a Programme
  • Internationally facilitated and regulated
  • National government buy-in
  • Risks and vulnerability based
  • Private sector delivery
  • Cost neutral
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