IVM and Ramboll held a conference in Brussels to finalise an EU study on insurance of weather and climate related disaster risk
On 30 June 2017, IVM, represented by Wouter Botzen, Paul Hudson, Marleen de Ruiter and Lars de Ruig, and in collaboration with the Danish consulting engineering group Ramboll, held a conference in Brussels, to present their main findings of a study issued by the European Commission on extreme weather insurance.
07/18/2017 | 3:03 PM
Driven by the increasing economic impacts of extreme weather events in many regions in Europe, the EC commissioned this study to investigate past trends and future projections of four natural hazards (i.e. coastal and fluvial floods, droughts and storms) and to analyse best practices in household and agricultural natural hazard insurance market schemes for 12 EU case study countries. Based on the findings, recommendations about the following topics were made to support the EC, countries and communities: increase reporting requirements and capacity building, promote risk awareness and risk reduction, close the insurance protection gap, support public-private partnerships and cross organizational collaboration, and increase the role of cities and regions in risk management.
The conference was attended by over 70 stakeholders consisting of insurance companies, policy makers and researchers in the field of natural hazard insurance who participated in presentations and panel debates to discuss the report’s recommendations. The final report is expected to be available in August.