气候变化领域集成服务门户(CCPortal): Flood insurance arrangements in the European Union for future flood risk under climate and socioeconomic change

CCPortal

DOI	10.1016/j.gloenvcha.2019.101966
	Flood insurance arrangements in the European Union for future flood risk under climate and socioeconomic change
	Hudson P.; Botzen W.J.W.; Aerts J.C.J.H.
发表日期	2019
ISSN	0959-3780
卷号	58
英文摘要	Flood risk will increase in many areas around the world due to climate change and increase in economic exposure. This implies that adequate flood insurance schemes are needed to adapt to increasing flood risk and to minimise welfare losses for households in flood-prone areas. Flood insurance markets may need reform to offer sufficient and affordable financial protection and incentives for risk reduction. Here, we present the results of a study that aims to evaluate the ability of flood insurance arrangements in Europe to cope with trends in flood risk, using criteria that encompass common elements of the policy debate on flood insurance reform. We show that the average risk-based flood insurance premium could double between 2015 and 2055 in the absence of more risk reduction by households exposed to flooding. We show that part of the expected future increase in flood risk could be limited by flood insurance mechanisms that better incentivise risk reduction by policyholders, which lowers vulnerability. The affordability of flood insurance can be improved by introducing the key features of public-private partnerships (PPPs), which include public reinsurance, limited premium cross-subsidisation between low- and high-risk households, and incentives for policyholder-level risk reduction. These findings were evaluated in a comprehensive sensitivity analysis and support ongoing reforms in Europe and abroad that move towards risk-based premiums and link insurance with risk reduction, strengthen purchase requirements, and engage in multi-stakeholder partnerships. © 2019 Elsevier Ltd
英文关键词	Climate change adaptation; Flood risk; Insurance; Public-private partnerships; Risk reduction
学科领域	adaptive management; climate change; economic impact; environmental protection; European Union; flood; future prospect; insurance system; policy making; public-private partnership; risk assessment; socioeconomic conditions
语种	英语
scopus关键词	adaptive management; climate change; economic impact; environmental protection; European Union; flood; future prospect; insurance system; policy making; public-private partnership; risk assessment; socioeconomic conditions
来源期刊	Global Environmental change
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/117022
作者单位	Institute of Environmental Sciences and Geography, University of Potsdam, Potsdam, Germany; Institute for Environmental Studies, VU University Amsterdam, Netherlands; Utrecht University School of Economics (USE), Utrecht University, Utrecht, Netherlands; Risk Management and Decision Processes Center, The Wharton School, University of Pennsylvania, United States
推荐引用方式 GB/T 7714	Hudson P.,Botzen W.J.W.,Aerts J.C.J.H.. Flood insurance arrangements in the European Union for future flood risk under climate and socioeconomic change[J],2019,58.
APA	Hudson P.,Botzen W.J.W.,&Aerts J.C.J.H..(2019).Flood insurance arrangements in the European Union for future flood risk under climate and socioeconomic change.Global Environmental change,58.
MLA	Hudson P.,et al."Flood insurance arrangements in the European Union for future flood risk under climate and socioeconomic change".Global Environmental change 58(2019).