000 01599nam a2200193Ia 4500
008 140323b2006 xxu||||| |||| 00| 0 eng d
020 _a8079930947
082 _a368.954
100 _aKelkar, Ulka
_9128517
245 _aThe Indian insurance industry and climate change: exposure, opportunities, and strategies ahead
_cKelkar, Ulka
260 _aNew Delhi
_bTERI Press-The Energy and Resources Institute
_c2006
_9128518
300 _axv, 63 p.
520 _aWhat is the preparedness of the Indian insurance industry to deal with the growing frequency and severity of natural disasters? We examine this question and argue that the continuation of present practices is not sufficient to address the challenges posed by climate change. The potential impact of climate change on the Indian economy can be severe, given the country's history of disaster losses, which is compounded by growth in population concentrations and burgeoning development in coastal and flood-prone areas. Targeted strategies are needed to deal with the rising costs of claims caused by climate change in a fledging Indian insurance market. The key challenges are to improve penetration of the available insurance products and to develop innovative delivery mechanisms to improve the access of the most vulnerable communities. Insurance is only a part of the solution, and must be combined with other measures that foster genuine preparedness and adaptation.
650 _aInsurance industry - India
700 _aJames, Catherine Rose
_9128519
700 _aKumar, Ritu
_9128520
942 _cBK
999 _c299682
_d299682