November 2013 – This is one of three documents developed by insurance industry leaders and city stakeholders through the Building Climate Resilience in Cities workshop series convened by Ceres and ClimateWise in 2012 and 2013. This document distils the key priorities that emerged from the workshop series for collaborative action between key urban resiliency stakeholders to build climate resilience in cities.
Urban resilience against the weather effects of climate change is an imperative of the insurance industry. It reduces losses, promotes insurability, and presents opportunities for innovative risk transfer and insurance solutions to help manage climate risk. Insurers’ knowledge of risk management enables them to propel thinking on urban resilience forward, and identify ways to reduce climate risks. In November 2013, three practical documents were published which form the output from this process. These three documents form the output of a workshop series on building urban resilience, involving insurers and city stakeholders in the U.S. and Canada.
