ABSTRACT
Insurance has been part of the economy for a long time, always having taken long-term trends into consideration. Traditionally, non-life insurance products were supposed to be stable over a long-term period and insurers’ tasks consisted of adjusting premiums and losses in order to save money so that they could face unexpected pay-outs due to huge disasters. Nevertheless, an increase in insurance losses has been observed over the last thirty years, mainly due to an increase in exposed assets. Therefore, the challenge addressing disaster risk reduction (DRR) including climate change adaptation (CCA) for insurers is both internal and external.
