A comparative analysis of the role of insurance companies in flood risk management
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2013-11
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en
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Abstract
In the Netherlands, a flood prone area, until recently no flood insurance was offered because
flood risk in the Netherlands was considered to be too big of a risk to be carried by the
insurance industry. However, in almost all European countries flood insurance is part of flood
risk management. This observation led to the main research question: ‘What role insurance
companies can play to contribute to Dutch flood risk management.’ In respect of this main
research question a comparative analysis is carried out that takes into account other structures
of compensation (via flood insurance) in England, the USA and Belgium. Based on the
theoretical concepts relating to Beck’s Risk Society theory and concepts of risk management,
and insurance an analysis has been carried out to derive the contribution of the insurance
industry to flood risk management and its influence on spatial planning involved in the
process of flood risk management. The role the insurance industry plays depends highly on
the framework and the responsibility taken by the government in the particular country.
Furthermore of importance is the existing culture in relation to solidarity and individual
responsibility. Based on an analysis of the (lack of) contribution of the insurance industry to
flood risk management, lessons could be learned for a possible Dutch situation in which flood
insurance would be introduced
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Faculteit der Managementwetenschappen