Building Smarter Climate Insurance: Addressing Risk, Behaviour, and Innovation
Climate change intensifies, communities across the world face rising sea levels, more frequent droughts, and extreme floods. In response, insurance has emerged as a critical tool to buffer households, farmers, and governments against financial shocks. But traditional insurance models—designed for rare and localized events—are now being stretched beyond their limits by the scale and frequency of climate disasters (Kunreuther & Michel-Kerjan, 2011).
