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Experiences of Private Sector Involvement in DRR in Europe: Focus on Insurance

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Disaster Management and Private Sectors

Part of the book series: Disaster Risk Reduction ((DRR))

Abstract

This chapter reviews the viability of private-sector led involvement for DRR in Europe. In particular, the insurance sector is advocated as a crucial player to provide insurance premiums tailored to the local risk patterns related to natural hazards. Thus, protecting the built environment and the agricultural sector through insurance premiums is how insurance companies can provide solutions. As presented in this chapter, the type of insurance system from pure private (e.g. Great Britain, Germany, Netherlands) to entirely state-controlled (Switzerland) shows varying results in terms of insurance coverage. Overall, the idea to transfer risk through an insurance system where the government provides a mandatory requirement for buying insurance premiums, is regarded as beneficial and efficient for private-sector led DRR against natural hazards.

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Authors and Affiliations

  1. Human-Environment Systems, Department of Environmental Systems Science, ETH Zurich, Universitaetstrasse 16, 8092, Zurich, Switzerland

    Jonas Joerin

  2. Department of Civil, Environmental and Geomatic Engineering, Institute for Cartography and Geoinformation, ETH Zurich, Zurich, Switzerland

    Yuner Luo

Authors
  1. Jonas Joerin
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  2. Yuner Luo
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Correspondence to Jonas Joerin .

Editor information

Editors and Affiliations

  1. International Research Institute of Disaster Science (IRIDeS), Tohoku University, Sendai, Miyagi, Japan

    Takako Izumi

  2. Graduate School of Global Environmental Studies, Kyoto University, Sakyo-ku, Kyoto, Japan

    Rajib Shaw

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Joerin, J., Luo, Y. (2015). Experiences of Private Sector Involvement in DRR in Europe: Focus on Insurance. In: Izumi, T., Shaw, R. (eds) Disaster Management and Private Sectors. Disaster Risk Reduction. Springer, Tokyo. https://doi.org/10.1007/978-4-431-55414-1_5

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