Articles | Volume 18, issue 9
https://doi.org/10.5194/nhess-18-2409-2018
https://doi.org/10.5194/nhess-18-2409-2018
Research article
 | 
14 Sep 2018
Research article |  | 14 Sep 2018

Insurance engagement in flood risk reduction – examples from household and business insurance in developed countries

Isabel Seifert-Dähnn

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Short summary
Insurance is suggested to be an important mechanism to boost flood risk reduction, especially at an individual level. This study shows how insurers in developed countries are engaged in flood risk reduction and under which conditions (insurance scheme, market penetration). Insurers in public insurance schemes seem to be more proactive when it comes to flood risk reduction. Surprisingly, risk-based pricing is seldom practiced, even though it is heavily argued for in the academic literature.
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