Insurance for Climate Adaptation: Opportunities and Limitations

Climate change jeopardizes socioeconomic stability and sets back efforts at development. The increasing frequency and severity of climate-change-driven disasters threaten lives and livelihoods, food security, water supply, property security, and economic prosperity across the globe. Adaptation is vital to make society resilient to the impacts of climate change.

Insurance for climate adaptation: opportunities and limitations paper is part of a series of background papers that were commissioned by the Global Commission on Adaptation to inform its 2019 flagship report. This paper gives recommendations to maximize the benefits of insurance for climate adaptation.