TY  - JOUR
A1  - Tesselaar, Max
A1  - Botzen, W. J. Wouter
A1  - Haer, Toon
A1  - Hudson, Paul
A1  - Tiggeloven, Timothy
A1  - Aerts, Jeroen C. J. H.
T1  - Regional inequalities in flood insurance affordability and uptake under climate change
JF  - Sustainability
N2  - Flood insurance coverage can enhance financial resilience of households to changing flood risk caused by climate change. However, income inequalities imply that not all households can afford flood insurance. The uptake of flood insurance in voluntary markets may decline when flood risk increases as a result of climate change. This increase in flood risk may cause substantially higher risk-based insurance premiums, reduce the willingness to purchase flood insurance, and worsen problems with the unaffordability of coverage for low-income households. A socio-economic tipping-point can occur when the functioning of a formal flood insurance system is hampered by diminishing demand for coverage. In this study, we examine whether such a tipping-point can occur in Europe for current flood insurance systems under different trends in future flood risk caused by climate and socio-economic change. This analysis gives insights into regional inequalities concerning the ability to continue to use flood insurance as an instrument to adapt to changing flood risk. For this study, we adapt the "Dynamic Integrated Flood and Insurance" (DIFI) model by integrating new flood risk simulations in the model that enable examining impacts from various scenarios of climate and socio-economic change on flood insurance premiums and consumer demand. Our results show rising unaffordability and declining demand for flood insurance across scenarios towards 2080. Under a high climate change scenario, simulations show the occurrence of a socio-economic tipping-point in several regions, where insurance uptake almost disappears. A tipping-point and related inequalities in the ability to use flood insurance as an adaptation instrument can be mitigated by introducing reforms of flood insurance arrangements.
KW  - climate change
KW  - flood risk management
KW  - insurance
KW  - socio-economic
KW  - tipping-point
KW  - adaptation
KW  - partial equilibrium modeling
Y1  - 2020
U6  - https://doi.org/10.3390/su12208734
SN  - 2071-1050
VL  - 12
IS  - 20
PB  - MDPI
CY  - Basel
ER  - 
TY  - JOUR
A1  - Kreibich, Heidi
A1  - Di Baldassarre, Giuliano
A1  - Vorogushyn, Sergiy
A1  - Aerts, Jeroen C. J. H.
A1  - Apel, Heiko
A1  - Aronica, Giuseppe T.
A1  - Arnbjerg-Nielsen, Karsten
A1  - Bouwer, Laurens M.
A1  - Bubeck, Philip
A1  - Caloiero, Tommaso
A1  - Chinh, Do T.
A1  - Cortes, Maria
A1  - Gain, Animesh K.
A1  - Giampa, Vincenzo
A1  - Kuhlicke, Christian
A1  - Kundzewicz, Zbigniew W.
A1  - Llasat, Maria Carmen
A1  - Mard, Johanna
A1  - Matczak, Piotr
A1  - Mazzoleni, Maurizio
A1  - Molinari, Daniela
A1  - Dung, Nguyen V.
A1  - Petrucci, Olga
A1  - Schröter, Kai
A1  - Slager, Kymo
A1  - Thieken, Annegret
A1  - Ward, Philip J.
A1  - Merz, Bruno
T1  - Adaptation to flood risk
BT  - Results of international paired flood event studies
JF  - Earth's Future
N2  - As flood impacts are increasing in large parts of the world, understanding the primary drivers of changes in risk is essential for effective adaptation. To gain more knowledge on the basis of empirical case studies, we analyze eight paired floods, that is, consecutive flood events that occurred in the same region, with the second flood causing significantly lower damage. These success stories of risk reduction were selected across different socioeconomic and hydro-climatic contexts. The potential of societies to adapt is uncovered by describing triggered societal changes, as well as formal measures and spontaneous processes that reduced flood risk. This novel approach has the potential to build the basis for an international data collection and analysis effort to better understand and attribute changes in risk due to hydrological extremes in the framework of the IAHSs Panta Rhei initiative. Across all case studies, we find that lower damage caused by the second event was mainly due to significant reductions in vulnerability, for example, via raised risk awareness, preparedness, and improvements of organizational emergency management. Thus, vulnerability reduction plays an essential role for successful adaptation. Our work shows that there is a high potential to adapt, but there remains the challenge to stimulate measures that reduce vulnerability and risk in periods in which extreme events do not occur.
KW  - flooding
KW  - vulnerability
KW  - global environmental change
KW  - adaptation
Y1  - 2017
U6  - https://doi.org/10.1002/2017EF000606
SN  - 2328-4277
VL  - 5
SP  - 953
EP  - 965
PB  - Wiley
CY  - Hoboken
ER  -