Availability, Affordability, and Adequacy of Insurance in Areas Impacted by Climate-related Risks

October 2024

Author

Peter J Sousounis, PhD

Overview

A group of experts was assembled by the Society of Actuaries Research Institute (SOA) on June 4, 2024, to discuss how climate change is influencing insurance affordability, availability, and adequacy in North America. Specific topics that were addressed included concerns the insurance industry has including ones of which they may yet be unaware, factors that are influencing insurers’ decisions to offer insurance and how much and at what price, the gap(s) that currently exist between what insurance is offered and what is deemed necessary, possible solutions for closing the gap, and possible ways to fund the improvement in insurance coverage.

Report

Availability, Affordability, and Adequacy of Insurance in Areas Impacted by Climate-related Risks

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