Climate Change and Insurance

Eugene Gurenko is a Lead Insurance Specialist at the Insurance Practice of the World Bank. His most recent projects include risk assessments and the design of catastrophe risk transfer solutions for Turkey, Romania, Bulgaria, Iran, the Caribbean islands, and India. He holds a Ph.D. from Columbia University, and professional designations of Chartered Property Casualty Underwriter (CPCU) and Associate in Reinsurance (ARe). Michael Grubb is Editor-in-Chief of Climate Policy, Chief Economist at The Carbon Trust (UK), Senior Research Associate at the Faculty of Economics, University of Cambridge, and Visiting Professor at the Centre for Environmental Policy, Imperial College London.

Foreword Introduction and Executive Summary Scientific and Economic Rationales for Innovative Climate Insurance Solutions Insurance for Assisting Adaptation to Climate Change in Developing Countries: A Proposed Strategy Insuring the Uninsurable: Design Options for a Climate Change Funding Mechanism The Role of the Private Market in Catastrophe Insurance The Indian Insurance Industry and Climate Change: Exposure, Opportunities and Strategies Ahead Can Insurance Deal with Negative Effects Arising from Climate Policy Measures? Conclusions and Recommendations