Assessing whether ecosystem services can reduce insurance risk in the tropics

Graduate Research School For Candidates Prospective Candidates Available Projects Assessing whether ecosystem services can reduce insurance risk in the tropics

Assessing whether ecosystem services can reduce insurance risk in the tropics

Title of Project

Assessing whether ecosystem services can reduce insurance risk in the tropics

Name of Advisor/s

Professor Iain Gordon

College

College of Business, Law & Governance

Summary of Project

Living in the tropics are getting more challenging - a greater number and severity of fires, floods and storms damage infrastructure and costs lives. As a result insurance companies have increased liabilities and insurance premiums are rising. Ecosystems can play a part in ameliorating the risks through e.g. flood control, dissipating storms (ecosystem services). What is the potential for insurance companies to invest in restoring or augmenting ecosystems to reduce risks and, therefore, premiums? This project will work with local authorities and insurance companies to assess the viability of using ecosystem services to manage insurance risk in the tropics.

Key Words

Ecosystems; ecosystem services; insurance risk; insurance premiums;

Would suit an applicant who

Has a knowledge of economics/actuarial modelling and who is interested in ways in which they can be used to restore and manage the environment