What are the implications of implementing comprehensive food insurance in the Netherlands, and is it a desirable strategy?
Keywords
Loading...
Authors
Issue Date
2023-08-31
Language
en
Document type
Journal Title
Journal ISSN
Volume Title
Publisher
Title
ISSN
Volume
Issue
Startpage
Endpage
DOI
Abstract
The Netherlands, known for its advanced flood management, faces challenges from climate change and extreme weather events. This thesis investigates the prospects of introducing comprehensive flood insurance in the country, considering its desirability and challenges from stakeholders' viewpoints. Through interviews and literature research, the study delves into governmental policies, societal perspectives, and insurance model evaluations. A central question is whether implementing such insurance is desirable from key stakeholders' perspective. Findings reveal a strong trust in the Dutch government's flood management, making a transition to private insurance tricky. Introducing flood insurance signifies a shift from prevention to damage mitigation, possibly opening doors to public-private partnerships. However, public perception remains a hurdle, with many assuming the government will manage flood damages. While flood insurance can provide quicker compensation and improved risk evaluation, it might also increase premiums, especially in high-risk areas, leading to potential inequality. Recommendations encompass public awareness drives, exploring public-private collaborations, setting clear legal guidelines, and innovative insurance design. Although introducing flood insurance is viable, it demands a harmonious government-private insurer relationship. The research's limitations, such as limited interviews, are acknowledged, suggesting future studies on public acceptance and inter-country insurance model comparisons. Overall, introducing flood insurance in the Netherlands demands significant changes in policy, societal views, and insurance approaches.
Keywords: Flood Management, Netherlands, Government Policy, Societal Attitudes, Insurance Models, Public-Private Partnerships, Risk Assessment, Damage Mitigation
Description
Citation
Supervisor
Faculty
Faculteit der Managementwetenschappen