Bringing Together Adaptation to Climate Change and Insurance: How to Improve Adaptation and Extend I...
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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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Ian Burton May 2003 [email protected]

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Ian burton may 2003 ian burton ec gc

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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