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  • The (Re)insurance industry's roles in the integration of nature-based solutions for prevention in disaster risk reduction : insights from a European survey [Elektronski vir]
    Marchal, Roxane ...
    Nature-based solutions (NBS) are increasingly being considered as an option to reduce societies' vulnerability to natural hazards, creating co-benefits while protecting ecosystem services in a ... context of changing climate patterns with more frequent and extreme weather events. The reinsurance and insurance industries are increasingly cited as sectors that can play a role to help manage risks, by improving disaster risk reduction (DRR) and loss prevention. This paper investigates how the (re)insurance industry could support the transition from a paradigm focused on ex-post responses to ex-ante risk reduction measures including NBS, in line with the Sendai Framework. This paper presents the results of a series of 61 interviews undertaken with the (re)insurance sector and related actors under the EU H2020 Nature Insurance Value Assessment and Demonstration (NAIAD) project. Methods based on a Grounded Theory approach indicate how this sector can play different roles in loss prevention, including ecosystem-based disaster risk reduction (eco-DRR). Results illustrate how the (re)insurance industry, under these roles, is gradually innovating by having a better understanding of hazards and mitigation. The findings of the study contribute to wider discussions such as the possibility of new arrangements like natural insurance schemes and evidence-based assessment of avoided damage costs from green protective measures, in Europe and beyond.
    Vir: Sustainability [Elektronski vir]. - ISSN 2071-1050 (Vol. 11, issue 22, 2019, str. 1-24)
    Vrsta gradiva - e-članek
    Leto - 2019
    Jezik - angleški
    COBISS.SI-ID - 689913