Follow Us On

Nature-Based Wildfire Risk Management: what Role for Insurance?

December 1, 202211:00Florianopolis

Nature-Based Wildfire Risk Management: what Role for Insurance

This online session explores public and private insurance strategies that support nature-based solutions (NBS) for reducing the escalating risks of wildfires. NBS are cost-effective solutions that are inspired and supported by nature and simultaneously provide environmental and socio-economic benefits and boost resilience. A consensus is emerging that restoring the forest ecology through NBS, such as prioritising fire-resistant vegetation, enabling grazing by herbivores in areas facing land abandonment, prescribed burns, and restricted development in wildlands, can reduce the risk of extreme wildfires. This paradigm shift away from fire suppression towards a fire loss-prevention strategy is urgently needed, and risk financing strategies can untap potential for promoting NBS. Public and private insurers can support such measures, for example by providing protection in case of damages from livestock grazing or to those carrying out prescribed burns and giving discounts to forest owners that pursue ecological practices and to land and homeowners prioritising fire resistant vegetation on their land, along with raising rates to developers in the wildland-urban interface. This will require a strong role for the public sector – either operating as insurers, as public-private partnerships or providing the regulatory incentives for the private sector to incentivise NBS. This session will explore i) NBS options for wildfire risk management and ii) insurance or other risk-financing strategies/products (e.g. parametric) that could support wildfire risk management.
The session is jointly organized by the Firelogue & Naturance H2020 projects.

The Firelogue–Naturance Insurance Working Group found that risk transfer incentives may hold substantial value for fostering nature-based wildfire risk reduction, especially as climate change increases wildfire risk.


JoAnne Linnerooth-Bayer

Emeritus Research Scholar / International Institute for Applied Systems Analysis (IIASA)

Teresa Deubelli-Hwang

Emeritus Research Scholar / International Institute for Applied Systems Analysis (IIASA)

Valentina Bacciu

Researcher, Consiglio Nazionale delle Ricerce Istituto per la Bioeconomia

Eduard Plana Bach

Forest Policy and Risk Governance Group Coordinator, Forest Science and Technology Centre of Catalonia (CTFC)

Swenja Surminski

Managing Director of Climate and Sustainability / MarshMcLennan

Luis Sousa

Migita Solutions

Event Info

  • Florianopolis

Back to agenda