RESEARCH

We emphasize and encourage links between academic researchers and practitioners at financial institutions to bring theoretical techniques to bear on realworld issues.

Climate Risk and Sustainable Finance

Resilient Flood Insurance in the Face of Climate Change

The P&C insurance industry has various opportunities to increase Canada’s resilience to climate change. This project assesses a potential solution that incentivizes investments in flood-protection measures and retrofitting. The expected solution has the benefit to reduce losses at the source, which is consistent with the Sendai Framework for Disaster Risk Reduction (UNISDR), thus reducing claims, variability of claims, and improving the industry’s profitability. The research thus provides a framework to compare the risk/return profiles of these investment opportunities as well as a set of tools to help the P&C insurance industry act at the root of risk, similar to actions taken to reduce fires and car accidents.

 

THEME

Climate Risk and Housing Finance

UNIVERSITY

Département de Mathématiques, Université du Québec à Montréal (UQAM)

PROJECT LEADS:

Mathieu Boudreault, Jean-Philippe Boucher and Sébastien Raymond, The Cooperators

 


PUBLICATIONS