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Tuesday, August 3 • 2:30pm - 4:00pm
5C1 More than the sum of its visible parts: (re)insurance and climate adaptation

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Vanessa Lueck, Arizona State University

The (re)insurance industry has pledged billions of dollars through InsuResilience and through partnerships with international governmental organizations and NGO’s to expand insurance coverage for the world’s poor and climate vulnerable. One of the goals is to drive climate adaptation through this insurance finance mechanism. Simultaneously, some resilience and adaptation researchers are questioning (re)insurance’s capacity to drive climate adaptation for anyone, including the climate vulnerable and poor. One approach to gain insight into this apparent contradiction is through complex adaptive systems [CAS]. Analyzing (re)insurance using a CAS lens sheds light on both the structure – relationships and interdependencies between actors – and role of individual agents that impact adaptation choices and outcomes. Moreover, a CAS lens provides potential insurance approaches which could steer current unintended negative consequence toward more just and equitable climate adaptation.

avatar for Lars Powell

Lars Powell

University of Alabama

avatar for Vanessa Lueck

Vanessa Lueck

Affiliate GIOSI & Researcher-in-Residence, Arizona State University & Pacific Institute for Climate Solutions
Dr. Vanessa Lueck recently joined the Pacific Institute for Climate Solutions as a Researcher-in-Residence on the Living with Water project (https://pics.uvic.ca/projects/coastal-adaptation-living-water).  Her research and work include the role of insurance in climate adaptation... Read More →

Tuesday August 3, 2021 2:30pm - 4:00pm EDT