Based on the results of PIISA, we make the following key recommendations: 1. National governments should launch information campaigns to increase public awareness of climate risks. 2. National governments should provide disaster relief through dedicated public funds and not ad hoc interventions. 3. All EU countries should develop and harmonise regulation of parametric insurance products to enable their effective use. 4. National governments should launch projects to collect damage and vulnerability data in a standardized format and make it publicly available. 5. National governments and the EU should provide R&D support to develop PPP (public-private partnership) models for innovative insurance solutions to address climate risks. 6. National governments should make climate risk insurance more affordable by a subsidy targeted to low-income households and other groups vulnerable to climate risks.
Berninger et al. (Thu,) studied this question.
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