Climate Change, Insurance and Vulnerable Populations
The primary objective of this paper is to provide useful information concerning the extent to which private- and public-sector insurance can, using appropriate tools and models, address the needs of vulnerable populations regarding the adverse effects of climate change. The message provided by this paper is that private- and public-sector insurance programs can play a key role in addressing climate-related risks, though some of these programs have inherent limitations and cannot work effectively by themselves in all circumstances. The primary intended audiences for this paper are actuarial associations and actuaries around the world. Other potential audiences include the insurance industry and its companies, public policymakers, regulators and other interested stakeholders.
|Author:||The Resource and Environment Working Group (REWG) of the International Actuarial Association (IAA) subgroup led by Sam Gutterman: Shamin Ashraf, Meirion Board, Queenie Chow, Geoffrey Dalloz, Minnie Green, Isaac Leung, Kyle Rudden, Andrew MacFarlane, Tom Philp and Anysha Thomas|
|Publisher:||International Actuarial Association|