Ecosystem-based Adaptation and Insurance: Success, Challenges and Opportunities
May 7, 2020
There are many opportunities for the greater integration of Ecosystem-based Adaptation (EbA) and insurance for risk reduction, and many challenges that remain. The substantive engagement between the insurance and environmental sectors is relatively new. Thus, it is hardly surprising that few fully integrated Climate Risk Finance & Insurance (CRFI) & EbA products (e. g., reef insurance) currently exist, and that such solutions face some challenges. That said, there are many common interests and significant opportunities which could help improve integration of CFRI with EbA and more broadly Nature-based Solutions (NbS), which will lead to innovations beneficial to both sectors and, most importantly, to improved resilience outcomes for vulnerable people and for nature.