Document / Publication
Munich Climate Insurance Initiative (MCII)
United Nations University Institute for Environment and Human Security (UNU-EHS)
This policy brief provides responses to key practical questions posed by climate negotiators about how to move from words to action in linking disaster risk reduction (DRR) and insurance for adaptation, costs and benefits, institutional arrangements, data availability, and the roles of the public and private sector. Illustrated by current, and in some cases well-known, examples in vulnerable countries, it shows that insurance – with coordinated public private action and some international support – has potential to provide security to vulnerable people and vulnerable countries.
The policy brief calls for transforming the political commitments from the Copenhagen Accord into tangible progress in managing risk associated with climate change, and advocates for support from the international community in scaling up many of the promising risk reduction and insurance activities to do this. It is intended for climate negotiators and other stakeholders in the discussions on adaptation leading up to and following COP 16 in Cancun, Mexico.