Prof. Dr. Alexander Braun moderates a panel discussion at the Wharton School in the context of an all-day workshop on the role of insurance in coastal adaptation. Risks in coastal communities continue to escalate, from intensifying storms to slowly rising sea levels. Existing tools to finance equitable recovery from these events, and to incentivize investments in risk reduction, are not suited to the magnitude of the problem. The workshop will explore how innovative insurance and other risk transfer instruments could help address four challenges: (1) the recovery of low income families post-disaster, (2) community fiscal needs post-disaster, (3) protection of coastal ecosystems, and (4) better linking homeowners insurance to mitigation and relocation. The event will bring together experts across sectors and disciplines to explore the role of risk transfer in coastal adaptation. Furthermore, it launches a two-year research program on this topic at the Wharton Risk Center and the discussion will be summarized in a white paper to be issued in early 2020.
Author: Andreina Zink
Date: 26. November 2019