How Can the Insurance Industry Promote Climate Change Adaptation?A Case Study from the UK

Back in the eighteenth century, the insurance industry in London incentivised widespread behaviour to mitigate fire risk by introducing the world’s first building fire codes in the form of fire marks, and then creating the world’s first organised fire services. Now 350 years later, the industry has the potential of doing much the same for climate change. In this third instalment of the CII’s special series of thinkpieces on climate change, Swenja Surminski of the Association of British Insurers provides an overview of the insurance industry’s recent work promoting adaptation in the face of a new range of climate-related risks.[...]