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Article

The (Re)Insurance Industry’s Roles in the Integration of Nature-Based Solutions for Prevention in Disaster Risk Reduction—Insights from a European Survey

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Caisse Centrale de Réassurance, Department R&D, Cat & Agriculture Modelling, 157 boulevard Haussmann, 75008 Paris, France
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University Grenoble Alpes, IRSTEA, Centre de Grenoble, UR ETNA, 2 rue de la Papeterie, 38402 Saint-Martin-d’Hères, France
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I-Catalist, C/Borni 20, Las Rozas, 28232 Madrid, Spain
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Geological Survey of Denmark and Greenland (GEUS), Department of Hydrology, Øster Voldgade 10, DK-1350 Copenhagen, Denmark
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Field Factors, Van der Burghweg 1, 2628 CS Delft, The Netherlands
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Institute for Ichthyological and Ecological Research–Revivo, Šmartno 172, 2383 Šmartno pri Slovenj Gradcu, Slovenia
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Alliance for Global Water Adaptation (AGWA), 7640 NW Hood View Circle, Corvallis, OR 97330, USA
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University Montpellier, Institut National de la Recherche Agronomique (INRA), UMR Innovation, 2 Place Pierre Viala, 34000 Montpellier, France
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Deltares, Boussinesqweg 1, 2629 HV Delft, The Netherlands
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Stockholm International Water Institute (SIWI), Linnégatan 87A, 115 23 Stockholm, Sweden
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Business Development Group (BDG), 80 Plantelor Str. Sector 2, 030167 Bucharest, Romania
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Ambiotek CIC, Leigh-On-Sea, Essex, Southend-on-Sea SS9 1ED, UK
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Author to whom correspondence should be addressed.
Formerly, Univ. Grenoble Alpes, IRSTEA, Centre de Grenoble, UR ETNA, 2 rue de la Papeterie, 38402 Saint-Martin-d’Hères, France.
Sustainability 2019, 11(22), 6212; https://doi.org/10.3390/su11226212
Received: 1 October 2019 / Revised: 17 October 2019 / Accepted: 30 October 2019 / Published: 6 November 2019
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. View Full-Text
Keywords: natural hazard insurance; climate change adaptation; disaster risk reduction; nature-based solutions; nature assurance scheme; insurance value of ecosystems natural hazard insurance; climate change adaptation; disaster risk reduction; nature-based solutions; nature assurance scheme; insurance value of ecosystems
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MDPI and ACS Style

Marchal, R.; Piton, G.; Lopez-Gunn, E.; Zorrilla-Miras, P.; van der Keur, P.; Dartée, K.W.J.; Pengal, P.; Matthews, J.H.; Tacnet, J.-M.; Graveline, N.; Altamirano, M.A.; Joyce, J.; Nanu, F.; Groza, I.; Peña, K.; Cokan, B.; Burke, S.; Moncoulon, D. The (Re)Insurance Industry’s Roles in the Integration of Nature-Based Solutions for Prevention in Disaster Risk Reduction—Insights from a European Survey. Sustainability 2019, 11, 6212. https://doi.org/10.3390/su11226212

AMA Style

Marchal R, Piton G, Lopez-Gunn E, Zorrilla-Miras P, van der Keur P, Dartée KWJ, Pengal P, Matthews JH, Tacnet J-M, Graveline N, Altamirano MA, Joyce J, Nanu F, Groza I, Peña K, Cokan B, Burke S, Moncoulon D. The (Re)Insurance Industry’s Roles in the Integration of Nature-Based Solutions for Prevention in Disaster Risk Reduction—Insights from a European Survey. Sustainability. 2019; 11(22):6212. https://doi.org/10.3390/su11226212

Chicago/Turabian Style

Marchal, Roxane, Guillaume Piton, Elena Lopez-Gunn, Pedro Zorrilla-Miras, Peter van der Keur, Kieran W.J. Dartée, Polona Pengal, John H. Matthews, Jean-Marc Tacnet, Nina Graveline, Monica A. Altamirano, John Joyce, Florentina Nanu, Ioana Groza, Karina Peña, Blaz Cokan, Sophia Burke, and David Moncoulon. 2019. "The (Re)Insurance Industry’s Roles in the Integration of Nature-Based Solutions for Prevention in Disaster Risk Reduction—Insights from a European Survey" Sustainability 11, no. 22: 6212. https://doi.org/10.3390/su11226212

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