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Role of Insurance in Reducing Flood Risk

Author

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  • David Crichton

    (Benfield UCL, Hazard Research Centre, University College London, Gower Street, London WCIE 6BT, U.K.)

Abstract

This paper considers the problems of flood risk management in the context of public and private insurance. It demonstrates the important role of insurance in reducing flood risk with examples from the U.K. and France. It includes a brief description of the summer 2007 floods in England. The Geneva Papers (2008) 33, 117–132. doi:10.1057/palgrave.gpp.2510151

Suggested Citation

  • David Crichton, 2008. "Role of Insurance in Reducing Flood Risk," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 33(1), pages 117-132, January.
    • Handle: RePEc:pal:gpprii:v:33:y:2008:i:1:p:117-132
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    Citations

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    Cited by:

    1. S. Surminski & J. Aerts & W. Botzen & P. Hudson & J. Mysiak & C. Pérez-Blanco, 2015. "Reflections on the current debate on how to link flood insurance and disaster risk reduction in the European Union," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 79(3), pages 1451-1479, December.
    2. Reimund Schwarze & Carsten Croonenbroeck, 2017. "Economies of Integrated Risk Management? An Empirical Analysis of the Swiss Public Insurance Approach to Natural Hazard Prevention," Economics of Disasters and Climate Change, Springer, vol. 1(2), pages 167-178, July.
    3. Susanne Hanger & Joanne Linnerooth‐Bayer & Swenja Surminski & Cristina Nenciu‐Posner & Anna Lorant & Radu Ionescu & Anthony Patt, 2018. "Insurance, Public Assistance, and Household Flood Risk Reduction: A Comparative Study of Austria, England, and Romania," Risk Analysis, John Wiley & Sons, vol. 38(4), pages 680-693, April.
    4. Ioannis Kougkoulos & Myriam Merad & Simon J. Cook & Ioannis Andredakis, 2021. "Floods in Provence-Alpes-Côte d'Azur and lessons for French flood risk governance," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 109(2), pages 1959-1980, November.
    5. Florence Crick & Katie Jenkins & Swenja Surminski, 2016. "Strengthening insurance partnerships in the face of climate change – insights from an agent-based model of flood insurance in the UK," GRI Working Papers 241, Grantham Research Institute on Climate Change and the Environment.
    6. Eakin, Hallie & Keele, Svenja & Lueck, Vanessa, 2022. "Uncomfortable knowledge: Mechanisms of urban development in adaptation governance," World Development, Elsevier, vol. 159(C).
    7. Jaroslav Mysiak & C. D. Pérez-Blanco, 2015. "Partnerships for Affordable and Equitable Disaster Insurance," Working Papers 2015.40, Fondazione Eni Enrico Mattei.
    8. Unterberger, Christian & Hudson, Paul & Botzen, W.J. Wouter & Schroeer, Katharina & Steininger, Karl W., 2019. "Future Public Sector Flood Risk and Risk Sharing Arrangements: An Assessment for Austria," Ecological Economics, Elsevier, vol. 156(C), pages 153-163.
    9. Stine Aakre & Ilona Banaszak & Reinhard Mechler & Dirk Rübbelke & Anita Wreford & Harvir Kalirai, 2010. "Financial adaptation to disaster risk in the European Union," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 15(7), pages 721-736, October.
    10. Hanger, Susanne & Bayer, Joanne & Surminski, Swenja & Nenciu, Cristina & Lorant, Anna & Ionescu, Radu & Patt, Anthony, 2017. "Insurance, public assistance and household flood risk reduction: a comparative study of Austria, England and Romania," LSE Research Online Documents on Economics 83634, London School of Economics and Political Science, LSE Library.
    11. Swenja Surminski & Delioma Oramas-Dorta, 2013. "Do flood insurance schemes in developing countries provide incentives to reduce physical risks?," GRI Working Papers 119, Grantham Research Institute on Climate Change and the Environment.
    12. Zhifei Deng & Jifu Liu & Lanlan Guo & Jiaoyang Li & Junming Li & Yiru Jia, 2021. "Pure risk premium rating of debris flows based on a dynamic run-out model: a case study in Anzhou, China," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 106(1), pages 235-253, March.
    13. Surminski, Swenja & Oramas-Dorta, Delioma, 2013. "Flood insurance schemes and climate adaptation in developing countries," LSE Research Online Documents on Economics 66294, London School of Economics and Political Science, LSE Library.
    14. Swenja Surminski & Paul Hudson, 2017. "Investigating the Risk Reduction Potential of Disaster Insurance Across Europe," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 42(2), pages 247-274, April.
    15. Surminski, Swenja & Eldridge, Jillian, 2015. "Flood insurance in England: an assessment of the current and newly proposed insurance scheme in the context of rising flood risk," LSE Research Online Documents on Economics 66256, London School of Economics and Political Science, LSE Library.
    16. Osiel Gonz�lez D�vila & Mavra Stithou & Gianluca Pescaroli & Luca Pietrantoni & Phoebe Koundouri & Pedro D�az-Simal & B�n�dicte Rulleau & Nabil Touli & Fran�ois Hissel & Edmund Penning-Rowsell, 2013. "Promoting resilient economies by exploring insurance potential for facing coastal flooding and erosion: evidence from Italy, Spain, France and United Kingdom," GRI Working Papers 127, Grantham Research Institute on Climate Change and the Environment.
    17. Mohor, Guilherme Samprogna & Mendiondo, Eduardo Mario, 2017. "Economic indicators of hydrologic drought insurance under water demand and climate change scenarios in a Brazilian context," Ecological Economics, Elsevier, vol. 140(C), pages 66-78.
    18. Christian Unterberger, 2018. "How Flood Damages to Public Infrastructure Affect Municipal Budget Indicators," Economics of Disasters and Climate Change, Springer, vol. 2(1), pages 5-20, April.
    19. Zhixia Wu & Xiazhong Zheng & Yijun Chen & Shan Huang & Wenli Hu & Chenfei Duan, 2023. "Urban Flood Loss Assessment and Index Insurance Compensation Estimation by Integrating Remote Sensing and Rainfall Multi-Source Data: A Case Study of the 2021 Henan Rainstorm," Sustainability, MDPI, vol. 15(15), pages 1-18, July.
    20. Swenja Surminski & Jillian Eldridge, 2014. "Flood insurance in England � an assessment of the current and newly proposed insurance scheme in the context of rising flood risk," GRI Working Papers 144, Grantham Research Institute on Climate Change and the Environment.

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