Mainstreaming nature-based solutions through insurance: The five “hats” of the insurance sector

Elena Lopez-Gunn; Monica A. Altamirano; Mia Ebeltoft; Nina Graveline; Roxane Marchal; David Moncoulon; Beatriz Mayor; Florentina Nanu; Nora van Cauwenbergh; Peter van der Keur; Josh Weinberg; Pedro Zorrilla Miras; Jan Cassin

doi:10.1016/B978-0-12-819871-1.00006-3

Mainstreaming nature-based solutions through insurance: The five “hats” of the insurance sector

Elena Lopez-Gunn
, Monica A. Altamirano
, Mia Ebeltoft
, Nina Graveline
, Roxane Marchal
, David Moncoulon
, Beatriz Mayor
, Florentina Nanu
, Nora van Cauwenbergh
, Peter van der Keur
, Josh Weinberg
, Pedro Zorrilla Miras
, Jan Cassin

Department of Hydrology

Research output: Chapter in Book/Report/Conference proceeding › Chapter in book › Research › peer-review

3 Citations (Scopus)

Abstract

This chapter outlines a conceptual framework to analyze the different roles that the insurance sector can play in relation to nature-based solutions (NBS) and to build resilience in the context of climate change and probable increased level of damages, considering the potential to mitigate water risks as eco-DRR and climate change adaptation. It introduces the concepts of assurance and insurance value of nature to then analyze the different roles (what we have termed the “five hats”) of the insurance sector, illustrating these different opportunities to engage the insurance sector into NBS to risk mitigation and adaptation with reference to concrete examples. The roles refer to (re)insurance as data owners, as investors, as innovators, and as insurance partners for managing risk to ensure the resilience and insurability of the system (including natural systems).

Original language	English
Title of host publication	Nature-based solutions and water security
Subtitle of host publication	An action agenda for the 21st century
Editors	Jan Cassin, John H. Matthews, Elena Lopez Gunn
Publisher	Elsevier
Chapter	16
Pages	401-422
Number of pages	22
ISBN (Electronic)	978-0-12-819871-1
DOIs	https://doi.org/10.1016/B978-0-12-819871-1.00006-3
Publication status	Published - 2021

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 6 Clean Water and Sanitation
SDG 11 Sustainable Cities and Communities
SDG 13 Climate Action

Keywords

Climate change
Damage
Insurance
Loss
Nature-based solutions
Resilience
Risk reduction and mitigation

Programme Area

Programme Area 2: Water Resources

Access to Document

10.1016/B978-0-12-819871-1.00006-3

Cite this

Lopez-Gunn, E., Altamirano, M. A., Ebeltoft, M., Graveline, N., Marchal, R., Moncoulon, D., Mayor, B., Nanu, F., van Cauwenbergh, N., van der Keur, P., Weinberg, J., Zorrilla Miras, P., & Cassin, J. (2021). Mainstreaming nature-based solutions through insurance: The five “hats” of the insurance sector. In J. Cassin, J. H. Matthews, & E. L. Gunn (Eds.), Nature-based solutions and water security: An action agenda for the 21st century (pp. 401-422). Elsevier. https://doi.org/10.1016/B978-0-12-819871-1.00006-3

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title = "Mainstreaming nature-based solutions through insurance: The five “hats” of the insurance sector",

abstract = "This chapter outlines a conceptual framework to analyze the different roles that the insurance sector can play in relation to nature-based solutions (NBS) and to build resilience in the context of climate change and probable increased level of damages, considering the potential to mitigate water risks as eco-DRR and climate change adaptation. It introduces the concepts of assurance and insurance value of nature to then analyze the different roles (what we have termed the “five hats”) of the insurance sector, illustrating these different opportunities to engage the insurance sector into NBS to risk mitigation and adaptation with reference to concrete examples. The roles refer to (re)insurance as data owners, as investors, as innovators, and as insurance partners for managing risk to ensure the resilience and insurability of the system (including natural systems).",

keywords = "Climate change, Damage, Insurance, Loss, Nature-based solutions, Resilience, Risk reduction and mitigation",

author = "Elena Lopez-Gunn and Altamirano, \{Monica A.\} and Mia Ebeltoft and Nina Graveline and Roxane Marchal and David Moncoulon and Beatriz Mayor and Florentina Nanu and \{van Cauwenbergh\}, Nora and \{van der Keur\}, Peter and Josh Weinberg and \{Zorrilla Miras\}, Pedro and Jan Cassin",

year = "2021",

doi = "10.1016/B978-0-12-819871-1.00006-3",

language = "English",

pages = "401--422",

editor = "Jan Cassin and Matthews, \{John H.\} and Gunn, \{Elena Lopez\}",

booktitle = "Nature-based solutions and water security",

publisher = "Elsevier",

address = "Netherlands",

}

Lopez-Gunn, E, Altamirano, MA, Ebeltoft, M, Graveline, N, Marchal, R, Moncoulon, D, Mayor, B, Nanu, F, van Cauwenbergh, N, van der Keur, P, Weinberg, J, Zorrilla Miras, P & Cassin, J 2021, Mainstreaming nature-based solutions through insurance: The five “hats” of the insurance sector. in J Cassin, JH Matthews & EL Gunn (eds), Nature-based solutions and water security: An action agenda for the 21st century. Elsevier, pp. 401-422. https://doi.org/10.1016/B978-0-12-819871-1.00006-3

Mainstreaming nature-based solutions through insurance: The five “hats” of the insurance sector. / Lopez-Gunn, Elena; Altamirano, Monica A.; Ebeltoft, Mia et al.
Nature-based solutions and water security: An action agenda for the 21st century. ed. / Jan Cassin; John H. Matthews; Elena Lopez Gunn. Elsevier, 2021. p. 401-422.

Research output: Chapter in Book/Report/Conference proceeding › Chapter in book › Research › peer-review

TY - CHAP

T1 - Mainstreaming nature-based solutions through insurance

T2 - The five “hats” of the insurance sector

AU - Lopez-Gunn, Elena

AU - Altamirano, Monica A.

AU - Ebeltoft, Mia

AU - Graveline, Nina

AU - Marchal, Roxane

AU - Moncoulon, David

AU - Mayor, Beatriz

AU - Nanu, Florentina

AU - van Cauwenbergh, Nora

AU - van der Keur, Peter

AU - Weinberg, Josh

AU - Zorrilla Miras, Pedro

AU - Cassin, Jan

PY - 2021

Y1 - 2021

N2 - This chapter outlines a conceptual framework to analyze the different roles that the insurance sector can play in relation to nature-based solutions (NBS) and to build resilience in the context of climate change and probable increased level of damages, considering the potential to mitigate water risks as eco-DRR and climate change adaptation. It introduces the concepts of assurance and insurance value of nature to then analyze the different roles (what we have termed the “five hats”) of the insurance sector, illustrating these different opportunities to engage the insurance sector into NBS to risk mitigation and adaptation with reference to concrete examples. The roles refer to (re)insurance as data owners, as investors, as innovators, and as insurance partners for managing risk to ensure the resilience and insurability of the system (including natural systems).

AB - This chapter outlines a conceptual framework to analyze the different roles that the insurance sector can play in relation to nature-based solutions (NBS) and to build resilience in the context of climate change and probable increased level of damages, considering the potential to mitigate water risks as eco-DRR and climate change adaptation. It introduces the concepts of assurance and insurance value of nature to then analyze the different roles (what we have termed the “five hats”) of the insurance sector, illustrating these different opportunities to engage the insurance sector into NBS to risk mitigation and adaptation with reference to concrete examples. The roles refer to (re)insurance as data owners, as investors, as innovators, and as insurance partners for managing risk to ensure the resilience and insurability of the system (including natural systems).

KW - Climate change

KW - Damage

KW - Insurance

KW - Loss

KW - Nature-based solutions

KW - Resilience

KW - Risk reduction and mitigation

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U2 - 10.1016/B978-0-12-819871-1.00006-3

DO - 10.1016/B978-0-12-819871-1.00006-3

M3 - Chapter in book

AN - SCOPUS:85126814354

SP - 401

EP - 422

BT - Nature-based solutions and water security

A2 - Cassin, Jan

A2 - Matthews, John H.

A2 - Gunn, Elena Lopez

PB - Elsevier

ER -

Lopez-Gunn E, Altamirano MA, Ebeltoft M, Graveline N, Marchal R, Moncoulon D et al. Mainstreaming nature-based solutions through insurance: The five “hats” of the insurance sector. In Cassin J, Matthews JH, Gunn EL, editors, Nature-based solutions and water security: An action agenda for the 21st century. Elsevier. 2021. p. 401-422 doi: 10.1016/B978-0-12-819871-1.00006-3

Mainstreaming nature-based solutions through insurance: The five “hats” of the insurance sector

Abstract

UN SDGs

Keywords

Programme Area

Access to Document

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Cite this